292.50 +2.25 (0.78%)
After hours: 7:43PM EST
|Bid||291.50 x 1800|
|Ask||293.70 x 900|
|Day's Range||273.55 - 290.39|
|52 Week Range||215.93 - 347.25|
|Beta (5Y Monthly)||0.98|
|PE Ratio (TTM)||36.56|
|Forward Dividend & Yield||1.60 (0.56%)|
|Ex-Dividend Date||Apr. 07, 2020|
|1y Target Est||N/A|
The IBD Live Team discusses a key rule for finding top stocks to buy amid the current coronavirus-related market sell-off. The Team also discusses Long Term Leader Mastercard and why this stock is one to watch.
Mastercard warned that the coronavirus will take a toll on Q1 and full-year revenue. Really speaks to depressed consumer spending. MA plunges through 50-day line – other payment stocks hit hard. Mastercard is a long-term leader. On monthly basis, still looks OK. See how it holds up in weak market.
MasterCard (MA) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Alarm.com, Six Flags Entertainment, Visa, Mastercard and American Express highlighted as Zacks Bull and Bear of the Day
(Bloomberg) -- PayPal Holdings Inc. cut its forecast for revenue in the first quarter due to the continued impact of the coronavirus.The payments operator said it expects revenue to be on the lower end of a previously forecast range of $4.78 billion to $4.84 billion. The company reaffirmed its outlook for adjusted earnings of 76 cents to 78 cents a share.“PayPal’s business trends remain strong; however, international cross-border e-commerce activity has been negatively impacted by COVID-19,” the company said in a statement Thursday. PayPal said it expects the “negative impact from COVID-19” to be about a one percentage-point reduction to revenue growth for the first quarter.PayPal shares were little changed in morning trading in New York on Thursday. The stock has dropped about 10% in the past week. Companies have begun lowering forecasts as the deadly virus spreads from China to Europe, the Middle East and the U.S. Federal health officials warned earlier this week that the illness will almost certainly spread in the U.S. and that people should prepare for significant disruptions in daily life, including school closings, cancellations of sporting events, concerts and business meetings.On Wednesday Microsoft Corp. reduced its quarterly outlook, following Apple Inc. and HP, because of supply-chain disruptions related to the virus. Mastercard Inc. also lowered its forecast for quarterly revenue growth as the virus curbs international travel and takes a bite out of e-commerce.Anxious investors have driven five consecutive days of stock market losses in the U.S., erasing the benchmark S&P 500 index’s gains for the year.(Updates with shares in fourth paragraph.)To contact the reporter on this story: Julie Verhage in New York at email@example.comTo contact the editors responsible for this story: Mark Milian at firstname.lastname@example.org, Molly Schuetz, Alistair BarrFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
The Dow and the S&P 500 tumbled 3% on Tuesday in their fourth straight day of losses as the coronavirus spread further around the world and investors offloaded risky assets as they struggled to gauge the economic impact. Both averages recorded their biggest four-day percentage losses since the massive sell-off in December 2018, while U.S. 10-year Treasury yields hit a record low.. In the United States, the Centers for Disease Control and Prevention said Americans should prepare for possible community spread of the virus.
India-born Banga will take on the role of executive chairman, while Miebach will become the company's president on March 1. Chairman Richard Haythornthwaite will retire after more than a decade when Banga assumes his new role, the company said in a statement. Before joining Mastercard as president of Middle East and Africa in 2010, Miebach served as managing director at Barclays Bank and general manager at Citibank.
Wall Street's three major stock indexes fell almost 2% on Tuesday as the coronavirus spread further around the world and officials described it as "a rapidly escalating epidemic," a day after the S&P 500 and the Dow Industrials' biggest daily decline in two years. Also, the Associated Press reported https://apnews.com/58043910be7bdc6818344bdee2096bc2 that a senior member of the International Olympic Committee said organizers are more likely to cancel the 2020 Olympics than to postpone or move it if coronavirus makes it too dangerous to hold in Tokyo. The U.S. Centers for Disease Control and Prevention said Americans should prepare for possible community spread of coronavirus.
Mastercard (MA) expects to see sluggish 2020 revenues due to the coronavirus outbreak, which is likely to adversely impact its cross-border business.
U.S. stock indexes ticked slightly higher on Tuesday as investors dipped their toes in the water a day after worries about the the worldwide spread of the coronavirus sent the S&P 500 and the Dow Industrials to their biggest daily declines in two years. Department store operator Macy's Inc also fell 1% even after a smaller-than-expected drop in quarterly same-store sales.
Feb 25 (Reuters) - Mastercard said on Tuesday CEO Ajay Banga will step down at the start of the next year and be replaced by Chief Product Officer Michael Miebach. (Reporting by C Nivedita in Bengaluru; editing by Arun Koyyur and Jason Neely)
Measuring Mastercard Incorporated's (NYSE:MA) track record of past performance is an insightful exercise for...
The company now expects revenue growth between 9% and 10% in the current quarter as the virus impacts travel and e-commerce across borders. The credit card issuer also expects that net revenue growth on a year-over-year basis in 2020 would be at the low end of the low-teens range if the impact of the virus is limited to the first quarter only. The company had earlier forecast net revenue growth in low teens for 2020 while expecting revenue to grow in low double digits for the first quarter.
(Bloomberg) -- Mastercard Inc. lowered its three-week-old forecast for quarterly revenue growth as the spreading coronavirus curbs international travel and even takes a bite out of e-commerce, a business executives had hoped would be immune.The credit-card network said it’s knocking 2 to 3 percentage points off the prediction it made on an earnings conference call Jan. 29. That translates to growth of 9% to 10% on a currency-neutral basis, excluding acquisitions, it said Monday. Shares of Mastercard and Visa Inc. dropped in after-hours trading.“Cross-border travel, and to a lesser extent cross-border e-commerce growth, is being impacted,” Mastercard said in a statement. “There are many unknowns as to the duration and severity of the situation and we are closely monitoring it.”The short-lived forecast underscores how quickly the virus is altering consumer behavior as it moves beyond China. Mastercard executives had previously taken comfort in the fact that much of the firm’s business into and out of China is e-commerce, which could potentially continue amid measures to contain the disease.“It provides some level of a hedge,” Chief Financial Officer Sachin Mehra had told analysts on Jan. 29. But even back then, Chief Executive Officer Ajay Banga quickly cautioned that the firm would “take a look at those numbers once again” if the crisis worsened and affected more parts of the globe.On Monday, United Airlines Holdings Inc. withdrew its 2020 profit forecast, also citing the virus.Mastercard’s shares fell 4.4% during regular trading Monday after a spike in infections in countries including South Korea and Italy triggered a global selloff. The stock then dropped an additional 1.1% after hours at 6:30 p.m. in New York. Visa fell 1.7%.If the impact of the virus is limited to the first quarter, annual net revenue growth will probably be at the low end of the low-teens range, Mastercard said on Monday, noting that it plans to give further updates on its next earnings call.Visa CEO Al Kelly told investors at his company’s investor day Feb. 11 that it was “too early to tell” what impact the virus might have on results.“But if planes are not flying in and out of China, if hotels are not being filled -- which they’re not at the moment -- and if the supply chains are being impacted -- which I suspect they are -- there is going to be some impact,” Kelly said.(Updates with stock moves, background on forecast and Visa from second paragraph)To contact the reporter on this story: Jenny Surane in New York at email@example.comTo contact the editors responsible for this story: Michael J. Moore at firstname.lastname@example.org, David Scheer, Boris KorbyFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Mastercard Inc plans to hire 1,500 more staff in Dublin over the next three to five years, more than trebling its workforce in one of Ireland's largest single multinational jobs announcements. The U.S. credit card issuer has had a presence in Dublin since 2008 where it set up its research and development arm, Mastercard Labs, four years later. Its workforce will increase to more than 2,000 from 650 now, IDA Ireland, the state agency competing to win foreign jobs, said in a statement on Monday.