Analysts Issue Forecasts for Mastercard FY2024 Earnings

Mastercard Incorporated (NYSE:MA) – Equities researchers at Seaport Res Ptn upped their FY2024 EPS estimates for Mastercard in a report issued on Tuesday, January 14th. Seaport Res Ptn analyst J. Cantwell now anticipates that the credit services provider will post earnings per share of $14.22 for the year, up from their prior estimate of $14.18. Seaport Res Ptn has a “Hold” rating on the stock. The consensus estimate for Mastercard’s current full-year earnings is $14.46 per share. Seaport Res Ptn also issued estimates for Mastercard’s Q4 2024 earnings at $3.65 EPS.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, October 31st. The credit services provider reported $3.89 EPS for the quarter, beating analysts’ consensus estimates of $3.73 by $0.16. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. The business had revenue of $7.37 billion during the quarter, compared to the consensus estimate of $7.27 billion. During the same quarter in the previous year, the business earned $3.39 earnings per share. The business’s revenue for the quarter was up 12.8% on a year-over-year basis.

Other equities research analysts have also recently issued reports about the stock. UBS Group raised their target price on shares of Mastercard from $590.00 to $610.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Jefferies Financial Group boosted their price objective on shares of Mastercard from $590.00 to $610.00 and gave the company a “buy” rating in a research note on Monday, December 9th. William Blair restated an “outperform” rating on shares of Mastercard in a report on Monday, November 25th. Oppenheimer reduced their target price on Mastercard from $591.00 to $588.00 and set an “outperform” rating on the stock in a report on Thursday, December 19th. Finally, Piper Sandler restated an “overweight” rating and set a $575.00 price target (up from $565.00) on shares of Mastercard in a research note on Friday, November 15th. Four equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Mastercard has an average rating of “Moderate Buy” and a consensus target price of $566.63.

Mastercard Stock Up 2.6 %

Shares of NYSE:MA opened at $522.41 on Thursday. Mastercard has a 12-month low of $425.48 and a 12-month high of $537.70. The stock’s 50-day moving average price is $524.14 and its two-hundred day moving average price is $493.23. 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 firm has a market cap of $479.48 billion, a price-to-earnings ratio of 39.52, a PEG ratio of 2.00 and a beta of 1.10.

Mastercard Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Thursday, January 9th will be given a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.58%. This is a positive change from Mastercard’s previous quarterly dividend of $0.66. The ex-dividend date is Friday, January 10th. Mastercard’s payout ratio is presently 19.97%.

Mastercard announced that its board has authorized a stock buyback program on Tuesday, December 17th that authorizes the company to repurchase $12.00 billion in shares. This repurchase authorization authorizes the credit services provider to reacquire up to 2.5% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of MA. Kelly Financial Services LLC purchased a new stake in Mastercard during the 4th quarter worth approximately $6,630,000. Oak Ridge Investments LLC grew its position in shares of Mastercard by 6.0% during the fourth quarter. Oak Ridge Investments LLC now owns 36,063 shares of the credit services provider’s stock worth $18,990,000 after buying an additional 2,045 shares in the last quarter. HF Advisory Group LLC increased its stake in shares of Mastercard by 10.3% in the fourth quarter. HF Advisory Group LLC now owns 3,722 shares of the credit services provider’s stock worth $1,960,000 after buying an additional 349 shares during the last quarter. Aaron Wealth Advisors LLC raised its holdings in Mastercard by 2.4% in the fourth quarter. Aaron Wealth Advisors LLC now owns 5,470 shares of the credit services provider’s stock valued at $2,880,000 after acquiring an additional 126 shares in the last quarter. Finally, Sandy Cove Advisors LLC boosted its stake in Mastercard by 6.0% during the 4th quarter. Sandy Cove Advisors LLC now owns 692 shares of the credit services provider’s stock valued at $364,000 after acquiring an additional 39 shares during the last quarter. Hedge funds and other institutional investors own 97.28% 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.