What is KeyCorp’s Estimate for Mastercard FY2024 Earnings?

Mastercard Incorporated (NYSE:MA) – Equities research analysts at KeyCorp issued their FY2024 EPS estimates for shares of Mastercard in a report released on Wednesday, December 18th. KeyCorp analyst A. Markgraff forecasts that the credit services provider will post earnings of $14.47 per share for the year. KeyCorp currently has a “Overweight” rating and a $580.00 target price on the stock. The consensus estimate for Mastercard’s current full-year earnings is $14.47 per share. KeyCorp also issued estimates for Mastercard’s Q4 2024 earnings at $3.69 EPS.

MA has been the topic of a number of other reports. Morgan Stanley boosted their price target on shares of Mastercard from $564.00 to $654.00 and gave the company an “overweight” rating in a research note on Wednesday. Piper Sandler reissued an “overweight” rating and issued a $575.00 target price (up previously from $565.00) on shares of Mastercard in a research report on Friday, November 15th. BNP Paribas lowered Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 price target for the company. in a research report on Tuesday, September 3rd. Susquehanna lifted their price objective on Mastercard from $540.00 to $605.00 and gave the company a “positive” rating in a research note on Friday, November 1st. Finally, Robert W. Baird increased their target price on Mastercard from $545.00 to $575.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Three investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $562.76.

Mastercard Stock Up 0.9 %

Shares of MA opened at $528.03 on Friday. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 2.36. The firm has a market cap of $484.64 billion, a P/E ratio of 39.94, a price-to-earnings-growth ratio of 2.38 and a beta of 1.10. The company’s 50-day moving average price is $520.12 and its 200 day moving average price is $484.02. Mastercard has a 12-month low of $416.53 and a 12-month high of $537.13.

Mastercard (NYSE:MA) last posted its earnings results on Thursday, October 31st. The credit services provider reported $3.89 EPS for the quarter, beating analysts’ consensus estimates of $3.73 by $0.16. The company 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 in the previous year, the business earned $3.39 earnings per share.

Mastercard Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Thursday, January 9th will be issued a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 0.58%. The ex-dividend date is Thursday, January 9th. This is a positive change from Mastercard’s previous quarterly dividend of $0.66. Mastercard’s dividend payout ratio is 19.97%.

Mastercard declared that its board has approved a share buyback plan on Tuesday, December 17th that authorizes the company to buyback $12.00 billion in outstanding shares. This buyback authorization authorizes the credit services provider to buy up to 2.5% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Institutional Investors Weigh In On Mastercard

Hedge funds and other institutional investors have recently made changes to their positions in the business. Goldstein Advisors LLC grew its position in shares of Mastercard by 1.3% during the third quarter. Goldstein Advisors LLC now owns 1,516 shares of the credit services provider’s stock worth $749,000 after acquiring an additional 20 shares during the last quarter. Community Bank N.A. increased its stake in shares of Mastercard by 0.9% in the third quarter. Community Bank N.A. now owns 2,190 shares of the credit services provider’s stock valued at $1,081,000 after purchasing an additional 20 shares during the period. Raab & Moskowitz Asset Management LLC raised its holdings in shares of Mastercard by 1.5% during the third quarter. Raab & Moskowitz Asset Management LLC now owns 1,398 shares of the credit services provider’s stock valued at $690,000 after buying an additional 20 shares during the last quarter. McLean Asset Management Corp boosted its position in shares of Mastercard by 1.3% during the third quarter. McLean Asset Management Corp now owns 1,677 shares of the credit services provider’s stock worth $834,000 after buying an additional 21 shares during the period. Finally, Oldfather Financial Services LLC grew its holdings in Mastercard by 2.6% in the 3rd quarter. Oldfather Financial Services LLC now owns 827 shares of the credit services provider’s stock worth $408,000 after buying an additional 21 shares in the last quarter. Institutional investors and hedge funds 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.