Mastercard Incorporated (NYSE:MA – Free Report) – Equities researchers at Zacks Research boosted their Q3 2024 earnings estimates for shares of Mastercard in a note issued to investors on Wednesday, August 30th. Zacks Research analyst D. Chatterjee now anticipates that the credit services provider will post earnings per share of $3.31 for the quarter, up from their previous estimate of $3.17. The consensus estimate for Mastercard’s current full-year earnings is $12.13 per share. Zacks Research also issued estimates for Mastercard’s Q1 2025 earnings at $3.78 EPS, Q2 2025 earnings at $4.08 EPS and FY2025 earnings at $16.96 EPS.
Mastercard (NYSE:MA – Get Free Report) last announced its quarterly earnings data on Thursday, July 27th. The credit services provider reported $2.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.84 by $0.05. The company had revenue of $6.30 billion for the quarter, compared to analysts’ expectations of $6.18 billion. Mastercard had a net margin of 43.37% and a return on equity of 178.10%. Mastercard’s revenue was up 14.5% compared to the same quarter last year. During the same period in the previous year, the company posted $2.56 EPS.
Mastercard Stock Performance
NYSE:MA opened at $415.57 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 2.57. Mastercard has a fifty-two week low of $276.87 and a fifty-two week high of $417.78. The stock has a market cap of $391.55 billion, a PE ratio of 38.95, a price-to-earnings-growth ratio of 1.83 and a beta of 1.11. The firm’s fifty day simple moving average is $396.74 and its 200-day simple moving average is $377.82.
Mastercard Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 9th. Investors of record on Friday, July 7th were given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date was Thursday, July 6th. Mastercard’s dividend payout ratio (DPR) is presently 21.37%.
Insider Buying and Selling
In related news, insider Hai Ling sold 3,324 shares of the stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $405.23, for a total transaction of $1,346,984.52. Following the completion of the sale, the insider now owns 27,546 shares of the company’s stock, valued at approximately $11,162,465.58. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Mastercard news, insider Hai Ling sold 3,324 shares of the stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $405.23, for a total value of $1,346,984.52. Following the completion of the sale, the insider now owns 27,546 shares of the company’s stock, valued at $11,162,465.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Foundation Mastercard sold 125,816 shares of the stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $397.89, for a total transaction of $50,060,928.24. Following the completion of the sale, the insider now directly owns 98,927,485 shares of the company’s stock, valued at approximately $39,362,257,006.65. The disclosure for this sale can be found here. In the last quarter, insiders sold 406,431 shares of company stock valued at $160,930,754. 0.13% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On Mastercard
Several institutional investors and hedge funds have recently made changes to their positions in the business. Portside Wealth Group LLC purchased a new position in shares of Mastercard during the 2nd quarter valued at approximately $6,860,000. Western Wealth Management LLC lifted its stake in Mastercard by 2.1% in the second quarter. Western Wealth Management LLC now owns 9,851 shares of the credit services provider’s stock valued at $3,874,000 after buying an additional 205 shares during the last quarter. Eubel Brady & Suttman Asset Management Inc. bought a new stake in Mastercard in the second quarter valued at $227,000. Headinvest LLC lifted its stake in Mastercard by 2.6% in the second quarter. Headinvest LLC now owns 4,880 shares of the credit services provider’s stock valued at $1,928,000 after buying an additional 122 shares during the last quarter. Finally, CTC Alternative Strategies Ltd. acquired a new position in shares of Mastercard during the second quarter valued at $256,000. 74.94% of the stock is currently owned by hedge funds and other institutional investors.
Mastercard Company Profile
Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers other payment-related products and services.
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