Mastercard FY2024 EPS Estimate Decreased by William Blair

Mastercard Incorporated (NYSE:MA) – Research analysts at William Blair dropped their FY2024 earnings estimates for shares of Mastercard in a research report issued on Monday, November 25th. William Blair analyst A. Jeffrey now anticipates that the credit services provider will earn $14.51 per share for the year, down from their previous estimate of $14.53. William Blair 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 have also recently commented on MA. JPMorgan Chase & Co. reduced their price target on Mastercard from $593.00 to $580.00 and set an “overweight” rating for the company in a research report on Friday, November 1st. Macquarie upped their target price on shares of Mastercard from $505.00 to $565.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Piper Sandler restated an “overweight” rating and set a $575.00 target price (up previously from $565.00) on shares of Mastercard in a research report on Friday, November 15th. Argus upgraded Mastercard to a “strong-buy” rating in a research report on Thursday, August 1st. Finally, TD Cowen boosted their target price on Mastercard from $533.00 to $567.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Four research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $549.16.

Mastercard Price Performance

Shares of NYSE:MA opened at $532.19 on Wednesday. The firm’s 50 day moving average price is $508.78 and its 200-day moving average price is $475.23. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 2.36. The stock has a market capitalization of $488.46 billion, a PE ratio of 40.26, a price-to-earnings-growth ratio of 2.34 and a beta of 1.10. Mastercard has a twelve month low of $404.32 and a twelve month high of $534.03.

Mastercard (NYSE:MA) last issued its earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.73 by $0.16. The company had revenue of $7.37 billion for the quarter, compared to analysts’ expectations of $7.27 billion. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The firm’s quarterly revenue was up 12.8% on a year-over-year basis. During the same quarter last year, the company posted $3.39 earnings per share.

Institutional Investors Weigh In On Mastercard

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Highline Wealth Partners LLC acquired a new position in shares of Mastercard during the 3rd quarter valued at about $25,000. Strategic Investment Solutions Inc. IL acquired a new position in Mastercard during the 2nd quarter worth approximately $34,000. Fairway Wealth LLC purchased a new position in Mastercard in the second quarter valued at $35,000. First Personal Financial Services purchased a new stake in Mastercard during the 3rd quarter worth about $39,000. Finally, Lowe Wealth Advisors LLC boosted its position in shares of Mastercard by 74.0% during the 3rd quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock worth $43,000 after acquiring an additional 37 shares in the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Insider Transactions at Mastercard

In other news, CMO Venkata R. Madabhushi sold 4,685 shares of the business’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $489.86, for a total value of $2,294,994.10. Following the completion of the transaction, the chief marketing officer now owns 15,031 shares of the company’s stock, valued at $7,363,085.66. The trade was a 23.76 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.10% of the company’s stock.

Mastercard Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Wednesday, October 9th were given a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 0.50%. The ex-dividend date of this dividend was Wednesday, October 9th. Mastercard’s payout ratio is currently 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.