FY2024 EPS Estimates for Mastercard Raised by Zacks Research

Mastercard Incorporated (NYSE:MA) – Analysts at Zacks Research raised their FY2024 earnings per share (EPS) estimates for shares of Mastercard in a report released on Thursday, November 14th. Zacks Research analyst D. Chatterjee now anticipates that the credit services provider will post earnings per share of $14.43 for the year, up from their previous forecast of $14.18. The consensus estimate for Mastercard’s current full-year earnings is $14.47 per share. Zacks Research also issued estimates for Mastercard’s Q4 2024 earnings at $3.64 EPS, Q1 2025 earnings at $3.69 EPS, Q3 2025 earnings at $4.16 EPS, Q4 2025 earnings at $4.32 EPS, FY2025 earnings at $16.24 EPS, Q1 2026 earnings at $4.43 EPS, Q3 2026 earnings at $4.85 EPS and FY2026 earnings at $18.91 EPS.

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

Other equities research analysts have also recently issued reports about the company. Deutsche Bank Aktiengesellschaft increased their target price on Mastercard from $510.00 to $580.00 and gave the company a “buy” rating in a report on Friday, November 1st. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $572.00 target price on shares of Mastercard in a research note on Thursday, November 14th. Barclays upped their price target on shares of Mastercard from $536.00 to $576.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Bank of America raised their price target on shares of Mastercard from $480.00 to $509.00 and gave the stock a “neutral” rating in a report on Tuesday, September 17th. Finally, Compass Point started coverage on shares of Mastercard in a research note on Wednesday, September 4th. They set a “neutral” rating and a $525.00 price objective for the company. Four analysts have rated the stock with a hold rating, twenty-one have given a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, Mastercard presently has an average rating of “Moderate Buy” and an average price target of $549.16.

Mastercard Trading Down 0.0 %

Shares of MA opened at $521.63 on Monday. Mastercard has a fifty-two week low of $398.26 and a fifty-two week high of $534.03. The firm has a market cap of $478.77 billion, a price-to-earnings ratio of 39.46, a PEG ratio of 2.28 and a beta of 1.10. The firm has a 50 day moving average price of $504.78 and a 200-day moving average price of $471.95. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.29 and a current ratio of 1.29.

Hedge Funds Weigh In On Mastercard

A number of hedge funds have recently modified their holdings of MA. State Street Corp raised its stake in Mastercard by 0.7% during the 3rd quarter. State Street Corp now owns 35,288,912 shares of the credit services provider’s stock valued at $17,425,665,000 after purchasing an additional 257,312 shares during the period. FMR LLC grew its holdings in Mastercard by 3.4% during the 3rd quarter. FMR LLC now owns 21,355,081 shares of the credit services provider’s stock valued at $10,545,139,000 after buying an additional 700,769 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Mastercard by 2.5% during the third quarter. Geode Capital Management LLC now owns 18,375,053 shares of the credit services provider’s stock valued at $9,043,972,000 after buying an additional 453,773 shares during the last quarter. Capital Research Global Investors lifted its holdings in shares of Mastercard by 0.3% in the first quarter. Capital Research Global Investors now owns 13,651,904 shares of the credit services provider’s stock worth $6,574,347,000 after buying an additional 43,881 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its position in shares of Mastercard by 120,665.3% during the third quarter. International Assets Investment Management LLC now owns 8,041,758 shares of the credit services provider’s stock worth $3,971,020,000 after acquiring an additional 8,035,099 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard stock in a transaction on Friday, September 13th. The shares were sold at an average price of $493.10, for a total transaction of $2,310,173.50. Following the transaction, the chief marketing officer now owns 17,118 shares in the company, valued at $8,440,885.80. This trade represents a 21.49 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Foundation Mastercard sold 90,000 shares of the company’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $468.80, for a total value of $42,192,000.00. Following the completion of the sale, the insider now owns 91,649,308 shares of the company’s stock, valued at $42,965,195,590.40. This trade represents a 0.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 99,370 shares of company stock worth $46,797,168. 0.10% of the stock is owned by insiders.

Mastercard Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Wednesday, October 9th were given a dividend of $0.66 per share. The ex-dividend date was Wednesday, October 9th. This represents a $2.64 dividend on an annualized basis and a yield of 0.51%. Mastercard’s dividend payout ratio (DPR) is 19.97%.

Mastercard Company Profile

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.