Q3 2024 EPS Estimates for Mastercard Incorporated Decreased by Analyst (NYSE:MA)

Mastercard Incorporated (NYSE:MA) – Investment analysts at Seaport Res Ptn lowered their Q3 2024 earnings estimates for shares of Mastercard in a research note issued on Wednesday, May 1st. Seaport Res Ptn analyst J. Cantwell now anticipates that the credit services provider will post earnings of $3.81 per share for the quarter, down from their prior estimate of $3.86. The consensus estimate for Mastercard’s current full-year earnings is $14.32 per share.

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

A number of other analysts also recently issued reports on the stock. Mizuho dropped their price objective on shares of Mastercard from $480.00 to $478.00 and set a “buy” rating for the company in a report on Thursday. Raymond James boosted their price target on shares of Mastercard from $452.00 to $504.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. Morgan Stanley lowered their price target on shares of Mastercard from $536.00 to $524.00 and set an “overweight” rating for the company in a research note on Thursday. JPMorgan Chase & Co. lowered their price target on shares of Mastercard from $520.00 to $510.00 and set an “overweight” rating for the company in a research note on Thursday. Finally, TD Cowen began coverage on shares of Mastercard in a research note on Thursday, April 11th. They issued a “buy” rating and a $545.00 price target for the company. Two equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $493.55.

Mastercard Stock Performance

NYSE MA opened at $443.61 on Friday. Mastercard has a 52-week low of $357.85 and a 52-week high of $490.00. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.17 and a current ratio of 1.09. The company has a market capitalization of $413.84 billion, a P/E ratio of 35.26, a P/E/G ratio of 1.68 and a beta of 1.08. The company has a fifty day moving average of $470.17 and a 200-day moving average of $437.44.

Mastercard Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Tuesday, April 9th will be given a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 0.60%. The ex-dividend date is Monday, April 8th. Mastercard’s dividend payout ratio is currently 20.99%.

Insider Activity at Mastercard

In other Mastercard news, CEO Michael Miebach sold 7,851 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $475.92, for a total value of $3,736,447.92. Following the sale, the chief executive officer now owns 47,640 shares in the company, valued at $22,672,828.80. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Mastercard news, major shareholder Foundation Mastercard sold 200 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $487.25, for a total value of $97,450.00. Following the sale, the insider now owns 97,543,308 shares in the company, valued at $47,527,976,823. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Michael Miebach sold 7,851 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $475.92, for a total transaction of $3,736,447.92. Following the completion of the transaction, the chief executive officer now owns 47,640 shares in the company, valued at approximately $22,672,828.80. The disclosure for this sale can be found here. Insiders have sold 583,088 shares of company stock worth $266,873,978 over the last 90 days. 0.13% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Paulson Wealth Management Inc. lifted its stake in shares of Mastercard by 43.8% in the first quarter. Paulson Wealth Management Inc. now owns 982 shares of the credit services provider’s stock worth $473,000 after buying an additional 299 shares in the last quarter. Csenge Advisory Group lifted its stake in shares of Mastercard by 1.7% in the first quarter. Csenge Advisory Group now owns 7,077 shares of the credit services provider’s stock worth $3,408,000 after buying an additional 117 shares in the last quarter. Richardson Financial Services Inc. lifted its stake in shares of Mastercard by 7.7% in the first quarter. Richardson Financial Services Inc. now owns 2,812 shares of the credit services provider’s stock worth $1,355,000 after buying an additional 201 shares in the last quarter. Capital Management Associates NY bought a new position in Mastercard during the first quarter valued at approximately $963,000. Finally, Signaturefd LLC boosted its holdings in Mastercard by 6.5% in the first quarter. Signaturefd LLC now owns 21,077 shares of the credit services provider’s stock worth $10,150,000 after purchasing an additional 1,295 shares during the last quarter. Institutional investors own 97.28% of the company’s stock.

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.