Mastercard FY2024 EPS Estimate Boosted by Zacks Research

Mastercard Incorporated (NYSE:MA) – Research analysts at Zacks Research upped their FY2024 earnings per share estimates for Mastercard in a report released on Thursday, November 14th. Zacks Research analyst D. Chatterjee now anticipates that the credit services provider will earn $14.43 per share for the year, up from their previous forecast 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 announced its quarterly earnings data on Thursday, October 31st. The credit services provider reported $3.89 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $7.37 billion for the quarter, compared to analysts’ expectations of $7.27 billion. During the same quarter in the prior year, the firm posted $3.39 earnings per share. Mastercard’s revenue for the quarter was up 12.8% compared to the same quarter last year.

A number of other brokerages have also recently weighed in on MA. Citigroup increased their price target on Mastercard from $566.00 to $572.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Argus upgraded Mastercard to a “strong-buy” rating in a research report on Thursday, August 1st. JPMorgan Chase & Co. lowered their target price on Mastercard from $593.00 to $580.00 and set an “overweight” rating on the stock in a research report on Friday, November 1st. Oppenheimer began coverage on Mastercard in a research report on Tuesday, October 1st. They issued an “outperform” rating and a $591.00 target price on the stock. Finally, Piper Sandler restated an “overweight” rating and issued a $575.00 target price (up from $565.00) on shares of Mastercard in a research report on Friday. Four equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $549.16.

Mastercard Stock Up 0.3 %

Shares of Mastercard stock opened at $521.89 on Monday. 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 business’s 50 day simple moving average is $504.09 and its 200-day simple moving average is $471.38. The stock has a market capitalization of $479.01 billion, a price-to-earnings ratio of 39.48, a PEG ratio of 2.28 and a beta of 1.10. Mastercard has a twelve month low of $395.55 and a twelve month high of $534.03.

Mastercard Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th were given a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 0.51%. The ex-dividend date of this dividend was Wednesday, October 9th. Mastercard’s dividend payout ratio is currently 19.97%.

Insider Activity

In other news, major shareholder Foundation Mastercard sold 90,000 shares of the firm’s stock in a transaction dated 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 sale, the insider now directly owns 91,649,308 shares of the company’s stock, valued at approximately $42,965,195,590.40. This trade represents a 0.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard 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 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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold 99,370 shares of company stock valued at $46,797,168. 0.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Mastercard

Institutional investors have recently added to or reduced their stakes in the stock. Sarasin & Partners LLP boosted its holdings in Mastercard by 4.7% during the third quarter. Sarasin & Partners LLP now owns 831,942 shares of the credit services provider’s stock valued at $410,813,000 after purchasing an additional 37,486 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Mastercard by 4.8% in the third quarter. Principal Financial Group Inc. now owns 3,031,915 shares of the credit services provider’s stock valued at $1,497,160,000 after acquiring an additional 138,842 shares during the last quarter. Coppell Advisory Solutions Corp. bought a new position in shares of Mastercard in the first quarter valued at approximately $608,000. SteelPeak Wealth LLC raised its stake in shares of Mastercard by 48.6% in the second quarter. SteelPeak Wealth LLC now owns 4,928 shares of the credit services provider’s stock valued at $2,174,000 after acquiring an additional 1,612 shares during the last quarter. Finally, OMC Financial Services LTD bought a new position in shares of Mastercard in the first quarter valued at approximately $17,854,000. 97.28% of the stock is 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.