Brokers Offer Predictions for Mastercard FY2024 Earnings

Mastercard Incorporated (NYSE:MA) – Equities research analysts at William Blair reduced their FY2024 earnings per share estimates for Mastercard in a report issued on Monday, November 25th. William Blair analyst A. Jeffrey now anticipates that the credit services provider will post earnings of $14.51 per share for the year, down from their prior 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.

Mastercard (NYSE:MA) last released 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. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. The company had revenue of $7.37 billion for the quarter, compared to analysts’ expectations of $7.27 billion. During the same quarter in the previous year, the firm posted $3.39 EPS. The firm’s quarterly revenue was up 12.8% on a year-over-year basis.

MA has been the topic of a number of other reports. Royal Bank of Canada reissued an “outperform” rating and issued a $572.00 price objective on shares of Mastercard in a research note on Thursday, November 14th. Mizuho boosted their price objective on shares of Mastercard from $496.00 to $532.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Morgan Stanley lifted their price target on shares of Mastercard from $544.00 to $564.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. Oppenheimer started coverage on Mastercard in a research report on Tuesday, October 1st. They issued an “outperform” rating and a $591.00 target price for the company. Finally, Citigroup raised their price target on shares of Mastercard from $566.00 to $572.00 and gave the company a “buy” rating in a report on Monday, November 4th. Four research 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 company has an average rating of “Moderate Buy” and an average price target of $549.16.

Mastercard Stock Up 0.7 %

MA stock opened at $532.19 on Wednesday. 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 company’s 50-day moving average price is $508.78 and its 200 day moving average price is $475.23. Mastercard has a 52 week low of $404.32 and a 52 week high of $534.03. The company has a market cap of $488.46 billion, a P/E ratio of 40.26, a P/E/G ratio of 2.34 and a beta of 1.10.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Franklin Resources Inc. increased its stake in shares of Mastercard by 4.2% during the 3rd quarter. Franklin Resources Inc. now owns 7,501,814 shares of the credit services provider’s stock worth $3,800,836,000 after purchasing an additional 304,293 shares during the last quarter. Synovus Financial Corp increased its position in Mastercard by 13.2% during the third quarter. Synovus Financial Corp now owns 41,645 shares of the credit services provider’s stock worth $20,563,000 after buying an additional 4,843 shares during the last quarter. Wilmington Savings Fund Society FSB raised its holdings in Mastercard by 30.3% during the third quarter. Wilmington Savings Fund Society FSB now owns 75,960 shares of the credit services provider’s stock valued at $37,509,000 after buying an additional 17,648 shares in the last quarter. Arvest Bank Trust Division bought a new position in Mastercard during the third quarter valued at about $460,000. Finally, World Investment Advisors LLC boosted its stake in shares of Mastercard by 512.1% during the 3rd quarter. World Investment Advisors LLC now owns 18,516 shares of the credit services provider’s stock worth $9,143,000 after acquiring an additional 15,491 shares in the last quarter. 97.28% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CMO Venkata R. Madabhushi sold 4,685 shares of the firm’s stock in a transaction that occurred on 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 approximately $7,363,085.66. This trade represents a 23.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.10% of the company’s stock.

Mastercard Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Wednesday, October 9th were issued a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date 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.