Q2 2024 EPS Estimates for Mastercard Incorporated Reduced by Seaport Res Ptn (NYSE:MA)

Mastercard Incorporated (NYSE:MA) – Equities research analysts at Seaport Res Ptn cut their Q2 2024 earnings estimates for Mastercard in a research report issued to clients and investors on Wednesday, May 1st. Seaport Res Ptn analyst J. Cantwell now anticipates that the credit services provider will earn $3.54 per share 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.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share for the quarter, topping analysts’ consensus estimates of $3.22 by $0.09. The company had revenue of $6.35 billion during the quarter, compared to analyst estimates of $6.34 billion. Mastercard had a net margin of 46.09% and a return on equity of 183.70%. The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the prior year, the business posted $2.80 EPS.

A number of other research firms also recently commented on MA. The Goldman Sachs Group boosted their price objective on Mastercard from $433.00 to $482.00 and gave the stock a “buy” rating in a research note on Thursday, January 11th. William Blair reiterated an “outperform” rating on shares of Mastercard in a research report on Wednesday, January 31st. Evercore ISI raised their price objective on shares of Mastercard from $530.00 to $545.00 and gave the company an “outperform” rating in a research report on Tuesday, March 26th. Morgan Stanley dropped their target price on shares of Mastercard from $536.00 to $524.00 and set an “overweight” rating on the stock in a report on Thursday, May 2nd. Finally, TD Cowen initiated coverage on shares of Mastercard in a report on Thursday, April 11th. They set a “buy” rating and a $545.00 target price for the company. Two equities research 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 stock. According to data from MarketBeat.com, Mastercard has a consensus rating of “Moderate Buy” and an average price target of $496.27.

Mastercard Price Performance

Shares of NYSE:MA opened at $449.37 on Monday. The stock’s 50 day moving average price is $469.07 and its 200 day moving average price is $438.74. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.09 and a quick ratio of 1.09. The stock has a market cap of $419.21 billion, a price-to-earnings ratio of 35.72, a PEG ratio of 1.74 and a beta of 1.08. Mastercard has a 12 month low of $357.85 and a 12 month high of $490.00.

Insiders Place Their Bets

In other news, major shareholder Foundation Mastercard sold 200 shares of the business’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $487.25, for a total value of $97,450.00. Following the completion of the sale, the insider now directly owns 97,543,308 shares in the company, valued at $47,527,976,823. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, major shareholder Foundation Mastercard sold 200 shares of the stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $487.25, for a total transaction of $97,450.00. Following the completion of the sale, the insider now owns 97,543,308 shares in the company, valued at approximately $47,527,976,823. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CMO Venkata R. Madabhushi sold 16,037 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $475.94, for a total value of $7,632,649.78. Following the transaction, the chief marketing officer now owns 12,255 shares of the company’s stock, valued at $5,832,644.70. The disclosure for this sale can be found here. Insiders sold 725,088 shares of company stock valued at $329,657,858 over the last quarter. Insiders own 0.13% of the company’s stock.

Institutional Investors Weigh In On Mastercard

A number of institutional investors have recently added to or reduced their stakes in the company. Westend Capital Management LLC bought a new stake in shares of Mastercard during the first quarter valued at approximately $27,000. Palisade Asset Management LLC bought a new stake in Mastercard in the 1st quarter valued at $27,000. VitalStone Financial LLC increased its holdings in Mastercard by 300.0% in the 4th quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider’s stock valued at $26,000 after buying an additional 45 shares during the period. Altshuler Shaham Ltd bought a new position in shares of Mastercard during the 4th quarter worth about $26,000. Finally, LFA Lugano Financial Advisors SA acquired a new stake in shares of Mastercard during the 4th quarter valued at about $27,000. 97.28% of the stock is owned by institutional investors and hedge funds.

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.