FY2024 EPS Estimates for Mastercard Increased by Analyst

Mastercard Incorporated (NYSE:MA) – Analysts at Seaport Res Ptn boosted their FY2024 earnings estimates for shares of Mastercard in a report issued on Tuesday, January 14th. Seaport Res Ptn analyst J. Cantwell now expects that the credit services provider will earn $14.22 per share for the year, up from their previous estimate of $14.18. Seaport Res Ptn currently 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.

MA has been the topic of several other research reports. TD Cowen boosted their price target on Mastercard from $533.00 to $567.00 and gave the company a “buy” rating in a research report on Friday, November 15th. BMO Capital Markets boosted their target price on Mastercard from $550.00 to $565.00 and gave the company an “outperform” rating in a report on Thursday, November 14th. Susquehanna upped their price target on Mastercard from $540.00 to $605.00 and gave the stock a “positive” rating in a research note on Friday, November 1st. JPMorgan Chase & Co. lowered their price objective on shares of Mastercard from $593.00 to $580.00 and set an “overweight” rating on the stock in a research report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Mastercard from $510.00 to $580.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Four investment 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. Based on data from MarketBeat, Mastercard currently has a consensus rating of “Moderate Buy” and an average target price of $566.63.

Mastercard Trading Up 2.6 %

NYSE MA opened at $522.41 on Thursday. Mastercard has a one year low of $425.48 and a one year high of $537.70. The firm has a market cap of $479.48 billion, a PE ratio of 39.52, a P/E/G ratio of 2.00 and a beta of 1.10. The firm’s fifty day moving average is $524.14 and its two-hundred day moving average is $493.23. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.29 and a current ratio of 1.29.

Mastercard (NYSE:MA) last announced its earnings results 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. The business had revenue of $7.37 billion for the quarter, compared to analysts’ expectations of $7.27 billion. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The company’s quarterly revenue was up 12.8% on a year-over-year basis. During the same period in the previous year, the company posted $3.39 EPS.

Institutional Investors Weigh In On Mastercard

Several institutional investors and hedge funds have recently made changes to their positions in MA. Kelly Financial Services LLC acquired a new position in Mastercard during the fourth quarter worth about $6,630,000. Oak Ridge Investments LLC grew its position in shares of Mastercard by 6.0% in the fourth quarter. Oak Ridge Investments LLC now owns 36,063 shares of the credit services provider’s stock valued at $18,990,000 after purchasing an additional 2,045 shares during the last quarter. HF Advisory Group LLC increased its stake in shares of Mastercard by 10.3% during the 4th quarter. HF Advisory Group LLC now owns 3,722 shares of the credit services provider’s stock worth $1,960,000 after purchasing an additional 349 shares in the last quarter. Aaron Wealth Advisors LLC raised its position in shares of Mastercard by 2.4% during the 4th quarter. Aaron Wealth Advisors LLC now owns 5,470 shares of the credit services provider’s stock worth $2,880,000 after purchasing an additional 126 shares during the last quarter. Finally, Sandy Cove Advisors LLC lifted its stake in Mastercard by 6.0% in the 4th quarter. Sandy Cove Advisors LLC now owns 692 shares of the credit services provider’s stock valued at $364,000 after buying an additional 39 shares in the last quarter. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

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

Mastercard Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Thursday, January 9th will be given a $0.76 dividend. The ex-dividend date of this dividend is Friday, January 10th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.58%. This is a boost from Mastercard’s previous quarterly dividend of $0.66. Mastercard’s dividend payout ratio (DPR) is currently 19.97%.

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.