Mastercard Incorporated (NYSE:MA - Free Report) - Stock analysts at Seaport Res Ptn decreased their Q2 2024 earnings estimates for shares of Mastercard in a research report issued to clients and investors on Wednesday, May 1st. Seaport Res Ptn analyst J. Cantwell now anticipates that the credit services provider will earn $3.54 per share for the quarter, down from their previous 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.
Mastercard (NYSE:MA - Get Free Report) last posted its quarterly earnings results on Wednesday, May 1st. The credit services provider reported $3.31 EPS for the quarter, beating the consensus estimate of $3.22 by $0.09. Mastercard had a return on equity of 183.70% and a net margin of 46.09%. The firm had revenue of $6.35 billion during the quarter, compared to analysts' expectations of $6.34 billion. During the same quarter in the prior year, the firm posted $2.80 EPS. The company's revenue for the quarter was up 10.4% on a year-over-year basis.
A number of other equities research analysts have also recently issued reports on MA. Robert W. Baird increased their target price on shares of Mastercard from $525.00 to $545.00 and gave the stock an "outperform" rating in a research report on Thursday, April 18th. Royal Bank of Canada lifted their target price on shares of Mastercard from $432.00 to $499.00 and gave the company an "outperform" rating in a research note on Thursday, February 1st. Raymond James increased their price target on Mastercard from $452.00 to $504.00 and gave the stock an "outperform" rating in a research report on Thursday, February 1st. Mizuho reduced their price objective on Mastercard from $480.00 to $478.00 and set a "buy" rating on the stock in a research note on Thursday. Finally, Evercore ISI raised their target price on Mastercard from $530.00 to $545.00 and gave the company an "outperform" rating in a research note on Tuesday, March 26th. Two research 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. According to data from MarketBeat, Mastercard currently has a consensus rating of "Moderate Buy" and an average target price of $496.27.
Get Our Latest Analysis on Mastercard
Mastercard Price Performance
Shares of MA stock traded up $5.79 during mid-day trading on Monday, reaching $449.37. The company's stock had a trading volume of 2,513,529 shares, compared to its average volume of 2,473,001. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.09 and a current ratio of 1.09. The firm's 50-day moving average is $469.57 and its two-hundred day moving average is $438.31. Mastercard has a 1-year low of $357.85 and a 1-year high of $490.00. The company has a market cap of $419.21 billion, a P/E ratio of 35.56, a PEG ratio of 1.74 and a beta of 1.08.
Institutional Investors Weigh In On Mastercard
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Activest Wealth Management grew its position in shares of Mastercard by 87.4% in the 4th quarter. Activest Wealth Management now owns 536 shares of the credit services provider's stock valued at $229,000 after buying an additional 250 shares during the last quarter. Cross Staff Investments Inc boosted its holdings in Mastercard by 16.3% in the fourth quarter. Cross Staff Investments Inc now owns 3,148 shares of the credit services provider's stock worth $1,343,000 after acquiring an additional 441 shares in the last quarter. Everett Harris & Co. CA grew its stake in Mastercard by 0.5% in the fourth quarter. Everett Harris & Co. CA now owns 49,539 shares of the credit services provider's stock valued at $21,129,000 after acquiring an additional 252 shares during the period. Atlantic Union Bankshares Corp increased its holdings in shares of Mastercard by 23.9% during the fourth quarter. Atlantic Union Bankshares Corp now owns 12,124 shares of the credit services provider's stock valued at $5,171,000 after acquiring an additional 2,337 shares in the last quarter. Finally, J.Safra Asset Management Corp raised its position in shares of Mastercard by 7.2% during the fourth quarter. J.Safra Asset Management Corp now owns 490 shares of the credit services provider's stock worth $209,000 after purchasing an additional 33 shares during the period. 97.28% of the stock is owned by institutional investors.
Insider Buying and Selling at Mastercard
In related news, CEO Michael Miebach sold 7,851 shares of the firm's stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $475.92, for a total transaction of $3,736,447.92. Following the transaction, the chief executive officer now directly owns 47,640 shares of the company's stock, valued at $22,672,828.80. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, major shareholder Foundation Mastercard sold 200 shares of the company's stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $487.25, for a total transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael Miebach sold 7,851 shares of the firm's stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $475.92, for a total transaction of $3,736,447.92. Following the completion of the transaction, the chief executive officer now directly owns 47,640 shares in the company, valued at $22,672,828.80. The disclosure for this sale can be found here. Insiders have sold a total of 725,088 shares of company stock valued at $329,657,858 in the last ninety days. 0.13% of the stock is currently owned by corporate insiders.
Mastercard Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Tuesday, April 9th will be issued a dividend of $0.66 per share. The ex-dividend date of this dividend is Monday, April 8th. This represents a $2.64 annualized dividend and a yield of 0.59%. Mastercard's payout ratio is currently 20.99%.
Mastercard Company Profile
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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.
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