Q2 2024 Earnings Estimate for Mastercard Incorporated (NYSE:MA) Issued By Seaport Res Ptn

Mastercard Incorporated (NYSE:MA) – Analysts at Seaport Res Ptn cut their Q2 2024 earnings per share (EPS) estimates for shares of Mastercard in a research note issued on Wednesday, May 1st. Seaport Res Ptn analyst J. Cantwell now expects that the credit services provider will post earnings per share of $3.54 for the quarter, down from their previous forecast 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 issued reports on MA. TD Cowen started coverage on Mastercard in a research note on Thursday, April 11th. They set a “buy” rating and a $545.00 price target for the company. Robert W. Baird raised their price target on Mastercard from $525.00 to $545.00 and gave the stock an “outperform” rating in a research note on Thursday, April 18th. The Goldman Sachs Group raised their price objective on Mastercard from $433.00 to $482.00 and gave the stock a “buy” rating in a report on Thursday, January 11th. Royal Bank of Canada raised their price objective on Mastercard from $432.00 to $499.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. 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 assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $496.27.

Mastercard Price Performance

Shares of MA stock opened at $453.13 on Monday. Mastercard has a 52-week low of $357.85 and a 52-week high of $490.00. 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 has a market capitalization of $422.72 billion, a P/E ratio of 36.02, a P/E/G ratio of 1.74 and a beta of 1.08. The stock has a 50 day moving average price of $468.64 and a 200 day moving average price of $439.23.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $6.34 billion. During the same period last year, the company earned $2.80 EPS. Mastercard’s quarterly revenue was up 10.4% compared to the same quarter last year.

Institutional Trading of Mastercard

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Williams Jones Wealth Management LLC. lifted its position in Mastercard by 1.3% during the 1st quarter. Williams Jones Wealth Management LLC. now owns 10,222 shares of the credit services provider’s stock worth $4,923,000 after acquiring an additional 130 shares during the period. Semus Wealth Partners LLC lifted its position in Mastercard by 1.0% during the 1st 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 period. Meeder Advisory Services Inc. lifted its position in Mastercard by 5.4% during the 1st quarter. Meeder Advisory Services Inc. now owns 11,874 shares of the credit services provider’s stock worth $5,718,000 after acquiring an additional 607 shares during the period. Meeder Asset Management Inc. lifted its position in Mastercard by 5.8% during the 1st quarter. Meeder Asset Management Inc. now owns 100,821 shares of the credit services provider’s stock worth $48,552,000 after acquiring an additional 5,531 shares during the period. Finally, NorthRock Partners LLC lifted its position in Mastercard by 8.9% during the 1st quarter. NorthRock Partners LLC now owns 7,477 shares of the credit services provider’s stock worth $3,601,000 after acquiring an additional 612 shares during the period. Institutional investors and hedge funds own 97.28% of the company’s stock.

Insider Buying and Selling

In related news, major shareholder Foundation Mastercard sold 142,000 shares of the business’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $442.14, for a total transaction of $62,783,880.00. Following the transaction, the insider now directly owns 96,377,308 shares in the company, valued at approximately $42,612,262,959.12. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, major shareholder Foundation Mastercard sold 142,000 shares of the business’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $442.14, for a total transaction of $62,783,880.00. Following the transaction, the insider now directly owns 96,377,308 shares in the company, valued at approximately $42,612,262,959.12. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Michael Miebach sold 7,851 shares of the business’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $475.92, for a total value of $3,736,447.92. Following the transaction, the chief executive officer now 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 872,088 shares of company stock worth $395,452,118 in the last ninety days. 0.13% of the stock is owned by insiders.

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.