Mastercard Incorporated Forecasted to Earn Q2 2024 Earnings of $3.51 Per Share (NYSE:MA)

Mastercard Incorporated (NYSE:MA) – William Blair lowered their Q2 2024 earnings estimates for shares of Mastercard in a report issued on Thursday, May 2nd. William Blair analyst C. Kennedy now anticipates that the credit services provider will earn $3.51 per share for the quarter, down from their prior forecast of $3.71. William Blair has a “Outperform” rating on the stock. The consensus estimate for Mastercard’s current full-year earnings is $14.22 per share. William Blair also issued estimates for Mastercard’s Q3 2024 earnings at $3.74 EPS, Q4 2024 earnings at $3.72 EPS, FY2024 earnings at $14.27 EPS, Q1 2025 earnings at $3.74 EPS, Q2 2025 earnings at $4.13 EPS, Q3 2025 earnings at $4.35 EPS, Q4 2025 earnings at $4.28 EPS and FY2025 earnings at $16.50 EPS.

MA has been the topic of a number of other reports. Royal Bank of Canada increased their price target on shares of Mastercard from $432.00 to $499.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. KeyCorp raised their target price on shares of Mastercard from $475.00 to $490.00 and gave the stock an “overweight” rating in a report on Thursday, February 1st. TD Cowen started coverage on shares of Mastercard in a research report on Thursday, April 11th. They issued a “buy” rating and a $545.00 price objective on the stock. JPMorgan Chase & Co. cut their price objective on shares of Mastercard from $520.00 to $510.00 and set an “overweight” rating on the stock in a research report on Thursday, May 2nd. Finally, Barclays cut their price objective on shares of Mastercard from $549.00 to $530.00 and set an “overweight” rating on the stock in a research report on Monday. Two equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $496.27.

Mastercard Stock Performance

Mastercard stock opened at $453.13 on Monday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.86. Mastercard has a 1 year low of $357.85 and a 1 year high of $490.00. The company has a market cap of $422.72 billion, a PE ratio of 36.02, a PEG ratio of 1.74 and a beta of 1.08. The company’s 50-day moving average is $468.64 and its two-hundred day moving average is $439.23.

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

Institutional Investors Weigh In On Mastercard

Several institutional investors and hedge funds have recently bought and sold shares of the company. Williams Jones Wealth Management LLC. lifted its position in Mastercard by 1.3% during the first quarter. Williams Jones Wealth Management LLC. now owns 10,222 shares of the credit services provider’s stock worth $4,923,000 after purchasing an additional 130 shares during the period. Semus Wealth Partners LLC lifted its holdings in shares of Mastercard by 1.0% in the first quarter. Semus Wealth Partners LLC now owns 2,735 shares of the credit services provider’s stock worth $1,317,000 after acquiring an additional 27 shares during the last quarter. Meeder Advisory Services Inc. increased its stake in shares of Mastercard by 5.4% in the first quarter. Meeder Advisory Services Inc. now owns 11,874 shares of the credit services provider’s stock valued at $5,718,000 after buying an additional 607 shares during the period. Meeder Asset Management Inc. increased its stake in shares of Mastercard by 5.8% in the first quarter. Meeder Asset Management Inc. now owns 100,821 shares of the credit services provider’s stock valued at $48,552,000 after buying an additional 5,531 shares during the period. Finally, NorthRock Partners LLC increased its stake in shares of Mastercard by 8.9% in the first quarter. NorthRock Partners LLC now owns 7,477 shares of the credit services provider’s stock valued at $3,601,000 after buying an additional 612 shares during the period. Institutional investors own 97.28% of the company’s stock.

Insider Buying and Selling at Mastercard

In other news, major shareholder Foundation Mastercard sold 200 shares of the business’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $487.25, for a total value of $97,450.00. Following the completion of the sale, the insider now owns 97,543,308 shares of the company’s stock, valued at $47,527,976,823. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, major shareholder Foundation Mastercard sold 200 shares of the business’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $487.25, for a total value of $97,450.00. Following the completion of the sale, the insider now owns 97,543,308 shares of the company’s stock, valued at $47,527,976,823. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CMO Venkata R. Madabhushi sold 16,037 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $475.94, for a total transaction of $7,632,649.78. Following the completion of the sale, the chief marketing officer now directly owns 12,255 shares of the company’s stock, valued at approximately $5,832,644.70. The disclosure for this sale can be found here. Insiders have sold a total of 872,088 shares of company stock worth $395,452,118 over the last ninety days. Insiders own 0.13% of the company’s stock.

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.