Brokers Set Expectations for Mastercard Incorporated’s Q2 2024 Earnings (NYSE:MA)

Mastercard Incorporated (NYSE:MA) – Analysts at Seaport Res Ptn decreased their Q2 2024 earnings per share (EPS) estimates for shares of Mastercard in a research report issued on Wednesday, May 1st. Seaport Res Ptn analyst J. Cantwell now forecasts that the credit services provider will earn $3.54 per share for the quarter, down from their prior estimate of $3.61. The consensus estimate for Mastercard’s current full-year earnings is $14.22 per share. Seaport Res Ptn also issued estimates for Mastercard’s Q4 2024 earnings at $3.74 EPS, FY2024 earnings at $14.39 EPS, Q2 2025 earnings at $4.17 EPS, Q3 2025 earnings at $4.41 EPS, Q4 2025 earnings at $4.47 EPS and FY2025 earnings at $16.73 EPS.

A number of other equities research analysts have also recently commented on the company. Susquehanna reiterated a “positive” rating and set a $535.00 target price on shares of Mastercard in a report on Wednesday, April 3rd. Raymond James raised their price objective on Mastercard from $452.00 to $504.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. Evercore ISI raised their price objective on Mastercard from $530.00 to $545.00 and gave the stock an “outperform” rating in a report on Tuesday, March 26th. Wells Fargo & Company raised their price objective on Mastercard from $490.00 to $530.00 and gave the stock an “overweight” rating in a report on Wednesday, March 6th. Finally, BMO Capital Markets raised their price objective on Mastercard from $480.00 to $490.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. Two investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Mastercard presently has an average rating of “Moderate Buy” and an average price target of $493.55.

Mastercard Price Performance

Shares of NYSE:MA opened at $443.58 on Monday. The business’s fifty day moving average price is $469.57 and its two-hundred day moving average price is $438.31. The stock has a market cap of $413.81 billion, a PE ratio of 35.26, a price-to-earnings-growth ratio of 1.72 and a beta of 1.08. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.17 and a current ratio of 1.09. Mastercard has a one year low of $357.85 and a one year high of $490.00.

Mastercard (NYSE:MA) last announced its earnings results on Wednesday, May 1st. The credit services provider reported $3.31 EPS for the quarter, beating analysts’ consensus estimates of $3.22 by $0.09. The firm had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.34 billion. Mastercard had a return on equity of 183.70% and a net margin of 46.09%. Mastercard’s quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.80 EPS.

Mastercard Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Tuesday, April 9th will be given a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 0.60%. The ex-dividend date of this dividend is Monday, April 8th. Mastercard’s dividend payout ratio (DPR) is presently 20.99%.

Insider Buying and Selling at Mastercard

In other news, major shareholder Foundation Mastercard sold 200 shares of Mastercard stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $487.25, for a total transaction of $97,450.00. Following the sale, the insider now directly owns 97,543,308 shares of the company’s stock, valued at $47,527,976,823. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Michael Miebach sold 7,851 shares of Mastercard stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $475.92, for a total transaction of $3,736,447.92. Following the sale, the chief executive officer now directly owns 47,640 shares of the company’s stock, valued at $22,672,828.80. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Foundation Mastercard sold 200 shares of Mastercard stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $487.25, for a total value of $97,450.00. Following the sale, the insider now directly owns 97,543,308 shares in the company, valued at $47,527,976,823. The disclosure for this sale can be found here. Insiders have sold 583,088 shares of company stock valued at $266,873,978 over the last three months. 0.13% of the stock is owned by company insiders.

Hedge Funds Weigh In On Mastercard

A number of hedge funds have recently bought and sold shares of MA. Altshuler Shaham Ltd acquired a new position in Mastercard in the fourth quarter worth about $26,000. VitalStone Financial LLC grew its stake in Mastercard by 300.0% in the fourth quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider’s stock worth $26,000 after purchasing an additional 45 shares in the last quarter. LFA Lugano Financial Advisors SA acquired a new position in Mastercard in the fourth quarter valued at approximately $27,000. Westend Capital Management LLC acquired a new position in Mastercard in the first quarter valued at approximately $27,000. Finally, Palisade Asset Management LLC acquired a new position in Mastercard in the first quarter valued at approximately $27,000. 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.