Mastercard FY2024 EPS Estimate Decreased by William Blair

Mastercard Incorporated (NYSE:MA) – Stock analysts at William Blair cut their FY2024 earnings per share (EPS) estimates for Mastercard in a research report issued to clients and investors on Monday, November 25th. William Blair analyst A. Jeffrey now expects that the credit services provider will post earnings per share of $14.51 for the year, down from their previous forecast of $14.53. William Blair currently has a “Outperform” rating on the stock. The consensus estimate for Mastercard’s current full-year earnings is $14.47 per share. William Blair also issued estimates for Mastercard’s Q4 2024 earnings at $3.73 EPS and Q4 2025 earnings at $4.34 EPS.

A number of other analysts also recently commented on MA. Mizuho upped their target price on Mastercard from $496.00 to $532.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Macquarie lifted their target price on shares of Mastercard from $505.00 to $565.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Barclays raised their price target on shares of Mastercard from $536.00 to $576.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Piper Sandler reaffirmed an “overweight” rating and issued a $575.00 price objective (up previously from $565.00) on shares of Mastercard in a report on Friday, November 15th. Finally, Argus upgraded Mastercard to a “strong-buy” rating in a research report on Thursday, August 1st. Four investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $549.16.

Mastercard Price Performance

NYSE:MA opened at $528.48 on Wednesday. The firm’s fifty day moving average is $508.03 and its two-hundred day moving average is $474.83. The firm has a market cap of $485.05 billion, a price-to-earnings ratio of 39.98, a PEG ratio of 2.34 and a beta of 1.10. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.29 and a current ratio of 1.29. Mastercard has a one year low of $404.32 and a one year high of $534.03.

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.

Hedge Funds Weigh In On Mastercard

A number of hedge funds have recently made changes to their positions in the stock. Synovus Financial Corp grew its stake in shares of Mastercard by 13.2% in the third quarter. Synovus Financial Corp now owns 41,645 shares of the credit services provider’s stock valued at $20,563,000 after buying an additional 4,843 shares in the last quarter. Wilmington Savings Fund Society FSB boosted its holdings in Mastercard by 30.3% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 75,960 shares of the credit services provider’s stock valued at $37,509,000 after acquiring an additional 17,648 shares during the period. Arvest Bank Trust Division acquired a new position in Mastercard in the 3rd quarter valued at about $460,000. World Investment Advisors LLC increased its stake in Mastercard by 512.1% during the third quarter. World Investment Advisors LLC now owns 18,516 shares of the credit services provider’s stock worth $9,143,000 after purchasing an additional 15,491 shares during the period. Finally, Sanctuary Advisors LLC lifted its position in shares of Mastercard by 1.0% during the third quarter. Sanctuary Advisors LLC now owns 86,327 shares of the credit services provider’s stock worth $44,964,000 after purchasing an additional 853 shares in the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Insider Buying and Selling

In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard stock in a transaction dated 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 directly owns 15,031 shares in the company, valued at $7,363,085.66. This trade represents a 23.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.10% of the stock is currently owned by company insiders.

Mastercard Announces Dividend

The firm 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 yield of 0.50%. The ex-dividend date of this dividend was Wednesday, October 9th. Mastercard’s dividend payout ratio is presently 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.