Q2 2024 EPS Estimates for Mastercard Incorporated Decreased by William Blair (NYSE:MA)

Mastercard Incorporated (NYSE:MA) – Analysts at William Blair reduced their Q2 2024 EPS estimates for shares of Mastercard in a research note issued to investors on Thursday, May 2nd. William Blair analyst C. Kennedy now expects that the credit services provider will earn $3.51 per share for the quarter, down from their previous forecast of $3.71. William Blair has a “Outperform” rating on the stock. The consensus estimate for Mastercard’s current full-year earnings is $14.22 per share. William Blair also issued estimates for Mastercard’s Q3 2024 earnings at $3.74 EPS, Q4 2024 earnings at $3.72 EPS, FY2024 earnings at $14.27 EPS, Q1 2025 earnings at $3.74 EPS, Q2 2025 earnings at $4.13 EPS, Q3 2025 earnings at $4.35 EPS, Q4 2025 earnings at $4.28 EPS and FY2025 earnings at $16.50 EPS.

MA has been the topic of a number of other reports. Robert W. Baird boosted their price objective on Mastercard from $525.00 to $545.00 and gave the company an “outperform” rating in a research note on Thursday, April 18th. Royal Bank of Canada lifted their price objective on shares of Mastercard from $432.00 to $499.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. The Goldman Sachs Group increased their target price on shares of Mastercard from $433.00 to $482.00 and gave the stock a “buy” rating in a research note on Thursday, January 11th. Wells Fargo & Company lifted their price target on shares of Mastercard from $490.00 to $530.00 and gave the company an “overweight” rating in a research note on Wednesday, March 6th. Finally, Susquehanna reissued a “positive” rating and set a $535.00 price objective on shares of Mastercard in a research report on Wednesday, April 3rd. Two equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $496.27.

Mastercard Price Performance

Shares of MA opened at $449.37 on Monday. The business has a 50-day moving average of $469.07 and a 200-day moving average of $438.74. Mastercard has a 1 year low of $357.85 and a 1 year high of $490.00. The company has a market capitalization of $419.21 billion, a price-to-earnings ratio of 35.72, a price-to-earnings-growth ratio of 1.74 and a beta of 1.08. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.09 and a quick ratio of 1.09.

Mastercard (NYSE:MA) last released its quarterly earnings results on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.22 by $0.09. Mastercard had a net margin of 46.09% and a return on equity of 183.70%. The firm had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.34 billion. During the same quarter last year, the firm earned $2.80 earnings per share. The company’s revenue for the quarter was up 10.4% on a year-over-year basis.

Insider Activity at Mastercard

In other news, CMO Venkata R. Madabhushi sold 16,037 shares of Mastercard stock in a transaction on Friday, March 1st. The shares were sold at an average price of $475.94, for a total transaction of $7,632,649.78. Following the completion of the sale, the chief marketing officer now directly owns 12,255 shares of the company’s stock, valued at approximately $5,832,644.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, major shareholder Foundation Mastercard sold 200 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $487.25, for a total value of $97,450.00. Following the completion of the sale, the insider now directly owns 97,543,308 shares in the company, valued at approximately $47,527,976,823. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CMO Venkata R. Madabhushi sold 16,037 shares of the stock in a transaction on Friday, March 1st. The shares were sold at an average price of $475.94, for a total transaction of $7,632,649.78. Following the transaction, the chief marketing officer now directly owns 12,255 shares in the company, valued at approximately $5,832,644.70. The disclosure for this sale can be found here. Insiders have sold 725,088 shares of company stock valued at $329,657,858 over the last three months. 0.13% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Westend Capital Management LLC purchased a new position in shares of Mastercard during the first quarter valued at approximately $27,000. Palisade Asset Management LLC bought a new stake in Mastercard in the first quarter valued at $27,000. VitalStone Financial LLC increased its position in Mastercard by 300.0% during the 4th quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider’s stock valued at $26,000 after purchasing an additional 45 shares during the period. Altshuler Shaham Ltd bought a new position in Mastercard in the 4th quarter worth $26,000. Finally, LFA Lugano Financial Advisors SA purchased a new stake in shares of Mastercard in the 4th quarter worth about $27,000. 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.