Mastercard Incorporated (NYSE:MA) to Post Q1 2024 Earnings of $3.25 Per Share, William Blair Forecasts

Mastercard Incorporated (NYSE:MAFree Report) – Research analysts at William Blair issued their Q1 2024 EPS estimates for shares of Mastercard in a report released on Wednesday, January 31st. William Blair analyst C. Kennedy forecasts that the credit services provider will post earnings per share of $3.25 for the quarter. William Blair currently has a “Outperform” rating on the stock. The consensus estimate for Mastercard’s current full-year earnings is $14.33 per share. William Blair also issued estimates for Mastercard’s Q2 2024 earnings at $3.71 EPS, Q3 2024 earnings at $3.92 EPS, Q4 2024 earnings at $3.73 EPS, FY2024 earnings at $14.60 EPS and FY2025 earnings at $16.85 EPS.

Several other analysts have also issued reports on MA. Monness Crespi & Hardt initiated coverage on shares of Mastercard in a research note on Wednesday, December 20th. They issued a “neutral” rating for the company. HSBC initiated coverage on shares of Mastercard in a research report on Friday, October 13th. They issued a “hold” rating and a $424.00 price objective for the company. Tigress Financial upped their price objective on shares of Mastercard from $476.00 to $495.00 and gave the stock a “strong-buy” rating in a research report on Thursday, December 7th. The Goldman Sachs Group upped their price objective on shares of Mastercard from $433.00 to $482.00 and gave the stock a “buy” rating in a research report on Thursday, January 11th. Finally, Oppenheimer restated an “outperform” rating and set a $510.00 price target on shares of Mastercard in a research report on Thursday, February 1st. Two analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $471.85.

Read Our Latest Stock Report on Mastercard

Mastercard Price Performance

MA stock opened at $460.09 on Monday. The company has a fifty day moving average price of $427.66 and a 200-day moving average price of $408.74. The company has a market capitalization of $431.46 billion, a P/E ratio of 38.89, a PEG ratio of 1.76 and a beta of 1.08. Mastercard has a 52-week low of $340.21 and a 52-week high of $463.84. The company has a debt-to-equity ratio of 2.06, a quick ratio of 1.17 and a current ratio of 1.17.

Mastercard (NYSE:MAGet Free Report) last posted its earnings results on Wednesday, January 31st. The credit services provider reported $3.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.08 by $0.10. Mastercard had a net margin of 44.60% and a return on equity of 191.22%. The company had revenue of $6.55 billion during the quarter, compared to analysts’ expectations of $6.46 billion. During the same quarter last year, the company posted $2.65 EPS.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. LFA Lugano Financial Advisors SA bought a new position in shares of Mastercard in the fourth quarter valued at about $27,000. GeoWealth Management LLC bought a new position in shares of Mastercard in the second quarter valued at about $26,000. Hibernia Wealth Partners LLC bought a new position in shares of Mastercard in the third quarter valued at about $27,000. Strategic Investment Solutions Inc. IL bought a new position in shares of Mastercard in the first quarter valued at about $25,000. Finally, Bollard Group LLC bought a new position in shares of Mastercard in the second quarter valued at about $29,000. 74.94% of the stock is owned by institutional investors.

Insider Transactions at Mastercard

In other Mastercard news, insider Ajay Bhalla sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $425.00, for a total value of $1,700,000.00. Following the sale, the insider now owns 6,235 shares in the company, valued at $2,649,875. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Craig Vosburg sold 13,542 shares of the firm’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $460.06, for a total transaction of $6,230,132.52. Following the transaction, the insider now owns 46,491 shares in the company, valued at approximately $21,388,649.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ajay Bhalla sold 4,000 shares of Mastercard stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $425.00, for a total value of $1,700,000.00. Following the completion of the transaction, the insider now directly owns 6,235 shares in the company, valued at $2,649,875. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 30,540 shares of company stock worth $13,542,519. 0.13% of the stock is currently owned by company insiders.

Mastercard Announces Dividend

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 given a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 0.57%. Mastercard’s dividend payout ratio is currently 22.32%.

Mastercard announced that its Board of Directors has approved a stock repurchase plan on Tuesday, December 5th that allows the company to buyback $11.00 billion in shares. This buyback authorization allows the credit services provider to reacquire up to 2.9% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its stock is undervalued.

About Mastercard

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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. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers other payment-related products and services.

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Earnings History and Estimates for Mastercard (NYSE:MA)

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