Analysts Offer Predictions for Mastercard FY2024 Earnings

Mastercard Incorporated (NYSE:MA) – Analysts at Zacks Research upped their FY2024 EPS estimates for shares of Mastercard in a report released on Thursday, November 14th. Zacks Research analyst D. Chatterjee now expects that the credit services provider will earn $14.43 per share for the year, up from their previous estimate of $14.18. The consensus estimate for Mastercard’s current full-year earnings is $14.47 per share. Zacks Research also issued estimates for Mastercard’s Q4 2024 earnings at $3.64 EPS, Q1 2025 earnings at $3.69 EPS, Q3 2025 earnings at $4.16 EPS, Q4 2025 earnings at $4.32 EPS, FY2025 earnings at $16.24 EPS, Q1 2026 earnings at $4.43 EPS, Q3 2026 earnings at $4.85 EPS and FY2026 earnings at $18.91 EPS.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, October 31st. The credit services provider reported $3.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.73 by $0.16. The business 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 quarterly revenue was up 12.8% compared to the same quarter last year. During the same period in the prior year, the business posted $3.39 earnings per share.

Several other research firms have also issued reports on MA. Mizuho raised their target price on shares of Mastercard from $496.00 to $532.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Robert W. Baird boosted their target price on Mastercard from $545.00 to $575.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Compass Point initiated coverage on Mastercard in a report on Wednesday, September 4th. They issued a “neutral” rating and a $525.00 price target on the stock. BMO Capital Markets upped their price objective on Mastercard from $550.00 to $565.00 and gave the company an “outperform” rating in a research report on Thursday, November 14th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $572.00 target price on shares of Mastercard in a research note on Thursday, November 14th. Four investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, Mastercard currently has a consensus rating of “Moderate Buy” and a consensus target price of $549.16.

Mastercard Stock Down 0.0 %

Shares of MA opened at $521.63 on Monday. 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 business has a fifty day moving average of $504.78 and a 200 day moving average of $471.95. The company has a market cap of $478.77 billion, a PE ratio of 39.46, a P/E/G ratio of 2.28 and a beta of 1.10. Mastercard has a 52-week low of $398.26 and a 52-week high of $534.03.

Mastercard Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th were paid a $0.66 dividend. The ex-dividend date of this dividend was Wednesday, October 9th. This represents a $2.64 annualized dividend and a yield of 0.51%. Mastercard’s dividend payout ratio (DPR) is presently 19.97%.

Insiders Place Their Bets

In other news, major shareholder Foundation Mastercard sold 90,000 shares of the firm’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $468.80, for a total value of $42,192,000.00. Following the completion of the sale, the insider now owns 91,649,308 shares of the company’s stock, valued at $42,965,195,590.40. This trade represents a 0.10 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CMO Venkata R. Madabhushi sold 4,685 shares of the business’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $493.10, for a total value of $2,310,173.50. Following the transaction, the chief marketing officer now owns 17,118 shares in the company, valued at approximately $8,440,885.80. This trade represents a 21.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 99,370 shares of company stock worth $46,797,168. 0.10% of the stock is owned by corporate insiders.

Institutional Trading of Mastercard

A number of institutional investors have recently bought and sold shares of the stock. Highline Wealth Partners LLC acquired a new stake in Mastercard during the 3rd quarter worth about $25,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Mastercard during the second quarter worth about $34,000. First Personal Financial Services purchased a new stake in Mastercard in the third quarter valued at approximately $39,000. Fairway Wealth LLC acquired a new position in Mastercard in the 2nd quarter worth approximately $35,000. Finally, Lowe Wealth Advisors LLC raised its position in 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 buying an additional 37 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.

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.