Q2 2024 EPS Estimates for Mastercard Incorporated Decreased by William Blair (NYSE:MA)

Mastercard Incorporated (NYSE:MA) – Equities researchers at William Blair lowered their Q2 2024 earnings estimates for shares of Mastercard in a research note 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.

A number of other research analysts also recently commented on MA. KeyCorp raised their target price on shares of Mastercard from $475.00 to $490.00 and gave the company an “overweight” rating in a research report on Thursday, February 1st. Evercore ISI lifted their price objective on shares of Mastercard from $530.00 to $545.00 and gave the company an “outperform” rating in a report on Tuesday, March 26th. Morgan Stanley lowered their target price on Mastercard from $536.00 to $524.00 and set an “overweight” rating for the company in a report on Thursday, May 2nd. Wells Fargo & Company lifted their price target on Mastercard from $490.00 to $530.00 and gave the company an “overweight” rating in a report on Wednesday, March 6th. Finally, JPMorgan Chase & Co. reduced their price target on Mastercard from $520.00 to $510.00 and set an “overweight” rating for the company in a research report on Thursday, May 2nd. Two analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $496.27.

Mastercard Stock Performance

Shares of Mastercard stock opened at $449.37 on Monday. Mastercard has a 12 month low of $357.85 and a 12 month high of $490.00. The stock’s fifty day moving average price is $469.07 and its 200-day moving average price is $438.74. The firm has a market cap of $419.21 billion, a P/E ratio of 35.72, a P/E/G ratio of 1.74 and a beta of 1.08. 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 (NYSE:MA) last released its quarterly earnings data on Wednesday, May 1st. The credit services provider reported $3.31 EPS for the quarter, topping 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 company had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.34 billion. During the same period last year, the business posted $2.80 EPS. Mastercard’s quarterly revenue was up 10.4% on a year-over-year basis.

Institutional Investors Weigh In On Mastercard

Institutional investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its position in shares of Mastercard by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 75,253,734 shares of the credit services provider’s stock valued at $32,096,470,000 after acquiring an additional 742,076 shares in the last quarter. Capital International Investors lifted its position in Mastercard by 3.3% during the fourth quarter. Capital International Investors now owns 21,041,685 shares of the credit services provider’s stock worth $8,974,478,000 after buying an additional 676,452 shares in the last quarter. Capital Research Global Investors grew its holdings in Mastercard by 4.7% in the 4th quarter. Capital Research Global Investors now owns 13,608,023 shares of the credit services provider’s stock valued at $5,803,956,000 after buying an additional 605,909 shares in the last quarter. Norges Bank purchased a new position in shares of Mastercard during the 4th quarter worth $4,595,559,000. Finally, Northern Trust Corp boosted its position in shares of Mastercard by 2.9% during the 3rd quarter. Northern Trust Corp now owns 9,075,358 shares of the credit services provider’s stock valued at $3,593,025,000 after acquiring an additional 251,516 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, major shareholder Foundation Mastercard sold 142,000 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $442.14, for a total transaction of $62,783,880.00. Following the completion of the transaction, the insider now directly owns 96,377,308 shares in the company, valued at $42,612,262,959.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Michael Miebach sold 7,851 shares of Mastercard stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $22,672,828.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Foundation Mastercard sold 142,000 shares of the firm’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $442.14, for a total transaction of $62,783,880.00. Following the sale, the insider now owns 96,377,308 shares in the company, valued at approximately $42,612,262,959.12. The disclosure for this sale can be found here. In the last ninety days, insiders sold 725,088 shares of company stock valued at $329,657,858. 0.13% of the stock is owned by insiders.

Mastercard Company Profile

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.