Analysts predict that Cboe Global Markets Inc (NASDAQ:CBOE) will post earnings per share of $1.03 for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Cboe Global Markets’ earnings, with the highest EPS estimate coming in at $1.05 and the lowest estimate coming in at $1.01. Cboe Global Markets reported earnings of $0.87 per share during the same quarter last year, which would suggest a positive year over year growth rate of 18.4%. The firm is scheduled to issue its next earnings results on Tuesday, November 6th.
On average, analysts expect that Cboe Global Markets will report full-year earnings of $4.53 per share for the current fiscal year, with EPS estimates ranging from $4.46 to $4.58. For the next fiscal year, analysts anticipate that the firm will post earnings of $4.85 per share, with EPS estimates ranging from $4.59 to $5.09. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that cover Cboe Global Markets.
Cboe Global Markets (NASDAQ:CBOE) last released its quarterly earnings results on Friday, August 3rd. The financial services provider reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.02. The firm had revenue of $283.50 million during the quarter, compared to analyst estimates of $278.57 million. Cboe Global Markets had a net margin of 19.22% and a return on equity of 14.16%. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.87 EPS.
Several research analysts recently issued reports on CBOE shares. BidaskClub upgraded shares of Cboe Global Markets from a “sell” rating to a “hold” rating in a research report on Wednesday, May 16th. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $94.00 target price (down from $102.00) on shares of Cboe Global Markets in a research report on Wednesday, May 30th. Compass Point started coverage on shares of Cboe Global Markets in a research report on Monday, July 9th. They issued a “buy” rating and a $115.00 target price for the company. Zacks Investment Research lowered shares of Cboe Global Markets from a “hold” rating to a “sell” rating in a research report on Tuesday, July 10th. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $105.00 target price on shares of Cboe Global Markets in a research report on Sunday, July 15th. Eleven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $118.43.
Shares of CBOE traded down $0.44 during mid-day trading on Friday, reaching $102.87. 33,806 shares of the stock traded hands, compared to its average volume of 764,970. The firm has a market capitalization of $11.27 billion, a P/E ratio of 30.12, a price-to-earnings-growth ratio of 1.89 and a beta of 0.52. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.86 and a quick ratio of 0.86. Cboe Global Markets has a 1 year low of $91.10 and a 1 year high of $138.54.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 14th. Investors of record on Friday, August 31st will be given a $0.31 dividend. The ex-dividend date is Thursday, August 30th. This is a positive change from Cboe Global Markets’s previous quarterly dividend of $0.27. This represents a $1.24 annualized dividend and a yield of 1.21%. Cboe Global Markets’s payout ratio is 36.26%.
In related news, VP Christopher A. Isaacson sold 8,720 shares of the company’s stock in a transaction on Thursday, August 30th. The shares were sold at an average price of $100.03, for a total value of $872,261.60. Following the completion of the transaction, the vice president now directly owns 86,220 shares in the company, valued at $8,624,586.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.89% of the stock is currently owned by insiders.
A number of institutional investors have recently bought and sold shares of the business. Renaissance Technologies LLC lifted its stake in Cboe Global Markets by 15.2% in the second quarter. Renaissance Technologies LLC now owns 5,190,200 shares of the financial services provider’s stock worth $540,144,000 after purchasing an additional 683,700 shares during the last quarter. Janus Henderson Group PLC lifted its stake in Cboe Global Markets by 6.1% in the second quarter. Janus Henderson Group PLC now owns 1,889,802 shares of the financial services provider’s stock worth $196,672,000 after purchasing an additional 109,034 shares during the last quarter. American Century Companies Inc. lifted its stake in Cboe Global Markets by 3.5% in the second quarter. American Century Companies Inc. now owns 1,549,396 shares of the financial services provider’s stock worth $161,246,000 after purchasing an additional 52,541 shares during the last quarter. Voya Investment Management LLC lifted its stake in Cboe Global Markets by 1,563.4% in the second quarter. Voya Investment Management LLC now owns 1,452,298 shares of the financial services provider’s stock worth $151,141,000 after purchasing an additional 1,364,991 shares during the last quarter. Finally, Franklin Resources Inc. lifted its stake in Cboe Global Markets by 55.9% in the first quarter. Franklin Resources Inc. now owns 793,588 shares of the financial services provider’s stock worth $90,548,000 after purchasing an additional 284,628 shares during the last quarter. 82.67% of the stock is owned by institutional investors and hedge funds.
About Cboe Global Markets
Cboe Global Markets, Inc, through its subsidiaries, operates as an options exchange in the United States. The company operates in five segments: Options, U.S. Equities, Futures, European Equities, and Global FX. The Options segment trades in listed market indexes. The U.S. Equities segment trades in listed cash equities; and provides exchange-traded products (ETP) transaction and ETP listing services.
Recommended Story: Diversification in Investing
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Cboe Global Markets Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cboe Global Markets and related companies with MarketBeat.com's FREE daily email newsletter.