FY2024 EPS Estimate for Mastercard Increased by Analyst

Mastercard Incorporated (NYSE:MA) – Stock analysts at William Blair lifted their FY2024 earnings per share estimates for shares of Mastercard in a research report issued to clients and investors on Thursday, October 31st. William Blair analyst A. Jeffrey now expects that the credit services provider will post earnings of $14.53 per share for the year, up from their previous estimate of $14.38. William Blair has a “Strong-Buy” rating on the stock. The consensus estimate for Mastercard’s current full-year earnings is $14.40 per share. William Blair also issued estimates for Mastercard’s Q4 2024 earnings at $3.75 EPS, Q1 2025 earnings at $3.70 EPS, Q2 2025 earnings at $4.16 EPS, Q3 2025 earnings at $4.38 EPS, Q4 2025 earnings at $4.52 EPS, FY2025 earnings at $16.76 EPS and FY2026 earnings at $19.49 EPS.

Several other equities research analysts have also weighed in on MA. Bank of America increased their target price on shares of Mastercard from $480.00 to $509.00 and gave the stock a “neutral” rating in a report on Tuesday, September 17th. Royal Bank of Canada lifted their target price on Mastercard from $500.00 to $526.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft raised their price target on Mastercard from $510.00 to $580.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Oppenheimer started coverage on Mastercard in a research report on Tuesday, October 1st. They issued an “outperform” rating and a $591.00 price objective for the company. Finally, Morgan Stanley raised their target price on shares of Mastercard from $540.00 to $544.00 and gave the stock an “overweight” rating in a report on Monday. Four equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat, Mastercard has an average rating of “Moderate Buy” and an average target price of $540.17.

Mastercard Stock Down 0.0 %

Shares of NYSE:MA opened at $505.53 on Monday. The company has a 50 day moving average of $497.12 and a 200-day moving average of $467.65. Mastercard has a one year low of $384.20 and a one year high of $527.90. The stock has a market cap of $467.03 billion, a price-to-earnings ratio of 38.24, a P/E/G ratio of 2.23 and a beta of 1.10. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.29 and a quick ratio of 1.29.

Mastercard (NYSE:MA) last released its earnings results on Thursday, October 31st. The credit services provider reported $3.89 EPS for the quarter, beating the consensus estimate of $3.73 by $0.16. The company had revenue of $7.37 billion during the quarter, compared to analysts’ expectations of $7.27 billion. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. The business’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same period last year, the firm earned $3.39 EPS.

Hedge Funds Weigh In On Mastercard

Several institutional investors and hedge funds have recently bought and sold shares of the company. Highline Wealth Partners LLC purchased a new stake in shares of Mastercard in the third quarter worth $25,000. Strategic Investment Solutions Inc. IL purchased a new stake in Mastercard in the second quarter valued at approximately $34,000. Fairway Wealth LLC bought a new stake in Mastercard during the second quarter valued at approximately $35,000. First Personal Financial Services bought a new position in shares of Mastercard in the 3rd quarter worth $39,000. Finally, Lowe Wealth Advisors LLC raised its position in shares of Mastercard by 74.0% during the 3rd quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock valued at $43,000 after buying an additional 37 shares in the last quarter. 97.28% of the stock is owned by institutional investors.

Insider Activity

In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of the stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $489.86, for a total transaction of $2,294,994.10. Following the completion of the sale, the chief marketing officer now owns 15,031 shares of the company’s stock, valued at approximately $7,363,085.66. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, major shareholder Foundation Mastercard sold 109,000 shares of the stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $467.45, for a total value of $50,952,050.00. Following the completion of the sale, the insider now directly owns 91,924,308 shares of the company’s stock, valued at $42,970,017,774.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CMO Venkata R. Madabhushi sold 4,685 shares of the stock in a transaction on Friday, September 20th. The shares were sold at an average price of $489.86, for a total value of $2,294,994.10. Following the completion of the sale, the chief marketing officer now directly owns 15,031 shares of the company’s stock, valued at $7,363,085.66. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 327,370 shares of company stock valued at $153,495,958. Insiders own 0.10% of the company’s stock.

Mastercard Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th will be issued a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date of this dividend is Wednesday, October 9th. Mastercard’s payout ratio is 19.97%.

About Mastercard

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; and commercial credit, debit, and prepaid payment products and solutions.