FY2024 EPS Estimates for Mastercard Raised by Zacks Research

Mastercard Incorporated (NYSE:MA) – Equities researchers at Zacks Research upped their FY2024 earnings estimates for shares of Mastercard in a research note issued on Thursday, November 14th. Zacks Research analyst D. Chatterjee now expects that the credit services provider will post earnings of $14.43 per share for the year, up from their previous estimate 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.

Several other equities analysts have also recently issued reports on the stock. Barclays boosted their target price on shares of Mastercard from $536.00 to $576.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Robert W. Baird upped their price objective on shares of Mastercard from $545.00 to $575.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Oppenheimer started coverage on shares of Mastercard in a research report on Tuesday, October 1st. They set an “outperform” rating and a $591.00 price objective for the company. BMO Capital Markets upped their price objective on shares of Mastercard from $550.00 to $565.00 and gave the stock an “outperform” rating in a research report on Thursday, November 14th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Mastercard from $510.00 to $580.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. 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. According to MarketBeat.com, Mastercard has a consensus rating of “Moderate Buy” and an average target price of $549.16.

Mastercard Stock Performance

MA opened at $519.47 on Monday. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.29 and a quick ratio of 1.29. The firm has a fifty day moving average price of $505.41 and a 200 day moving average price of $472.48. Mastercard has a 1 year low of $398.26 and a 1 year high of $534.03. The stock has a market cap of $476.79 billion, a P/E ratio of 39.29, a P/E/G ratio of 2.32 and a beta of 1.10.

Mastercard (NYSE:MA) last announced its quarterly earnings data 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. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The business had revenue of $7.37 billion during the quarter, compared to analysts’ expectations of $7.27 billion. During the same period in the previous year, the business posted $3.39 EPS. The business’s quarterly revenue was up 12.8% compared to the same quarter last year.

Mastercard Announces Dividend

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

Insider Activity at Mastercard

In other Mastercard news, major shareholder Foundation Mastercard sold 90,000 shares of the stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $468.80, for a total transaction of $42,192,000.00. Following the completion of the transaction, 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CMO Venkata R. Madabhushi sold 4,685 shares of the stock in a transaction dated Friday, September 13th. The stock was 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 directly owns 17,118 shares of the company’s stock, valued at approximately $8,440,885.80. This trade represents a 21.49 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 99,370 shares of company stock valued at $46,797,168. 0.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Highline Wealth Partners LLC acquired a new stake in shares of Mastercard during the third quarter worth about $25,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Mastercard during the second quarter worth about $34,000. First Personal Financial Services acquired a new stake in shares of Mastercard during the third quarter worth about $39,000. Fairway Wealth LLC acquired a new stake in shares of Mastercard during the second quarter worth about $35,000. Finally, Lowe Wealth Advisors LLC lifted its position in shares of Mastercard by 74.0% during the third quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock worth $43,000 after purchasing an additional 37 shares in the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

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.