Brokerages expect Nasdaq, Inc. (NASDAQ:NDAQ) to post $1.01 earnings per share for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Nasdaq’s earnings. The highest EPS estimate is $1.05 and the lowest is $0.98. Nasdaq reported earnings per share of $0.95 in the same quarter last year, which suggests a positive year-over-year growth rate of 6.3%. The company is expected to issue its next quarterly earnings results on Tuesday, January 30th.
According to Zacks, analysts expect that Nasdaq will report full-year earnings of $4.19 per share for the current financial year, with EPS estimates ranging from $4.16 to $4.23. For the next fiscal year, analysts expect that the business will report earnings of $4.51 per share, with EPS estimates ranging from $4.40 to $4.64. Zacks’ EPS averages are an average based on a survey of research analysts that that provide coverage for Nasdaq.
Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $1.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.04. Nasdaq had a return on equity of 12.69% and a net margin of 6.72%. The company had revenue of $607.00 million during the quarter, compared to analysts’ expectations of $599.84 million. During the same quarter in the prior year, the business posted $0.91 earnings per share. The company’s revenue for the quarter was up 3.8% compared to the same quarter last year.
Several research analysts have recently issued reports on NDAQ shares. Barclays PLC decreased their price target on Nasdaq from $85.00 to $84.00 and set an “overweight” rating for the company in a research note on Thursday, October 26th. BidaskClub upgraded Nasdaq from a “hold” rating to a “buy” rating in a report on Friday, August 4th. Zacks Investment Research lowered Nasdaq from a “hold” rating to a “sell” rating in a report on Monday, October 9th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $78.00 price objective on shares of Nasdaq in a report on Thursday, October 12th. Finally, Royal Bank Of Canada set a $78.00 price objective on Nasdaq and gave the company a “hold” rating in a report on Monday, October 16th. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $78.22.
In related news, insider Pc Nelson Griggs sold 1,396 shares of the stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $74.72, for a total value of $104,309.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.60% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in NDAQ. Vanguard Group Inc. increased its position in Nasdaq by 1.8% in the 2nd quarter. Vanguard Group Inc. now owns 11,470,748 shares of the financial services provider’s stock worth $820,043,000 after purchasing an additional 208,253 shares during the last quarter. Bessemer Group Inc. increased its position in Nasdaq by 2.9% in the 3rd quarter. Bessemer Group Inc. now owns 2,400,450 shares of the financial services provider’s stock worth $186,204,000 after purchasing an additional 67,975 shares during the last quarter. JPMorgan Chase & Co. increased its position in Nasdaq by 7.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,210,659 shares of the financial services provider’s stock worth $171,614,000 after purchasing an additional 151,864 shares during the last quarter. BT Investment Management Ltd acquired a new position in Nasdaq in the 2nd quarter worth about $97,982,000. Finally, Frontier Capital Management Co. LLC increased its position in Nasdaq by 1.3% in the 3rd quarter. Frontier Capital Management Co. LLC now owns 1,249,927 shares of the financial services provider’s stock worth $96,957,000 after purchasing an additional 16,264 shares during the last quarter. 75.82% of the stock is owned by hedge funds and other institutional investors.
Nasdaq (NDAQ) traded down $0.02 during trading hours on Monday, hitting $77.23. The stock had a trading volume of 405,621 shares, compared to its average volume of 881,222. Nasdaq has a 12 month low of $63.36 and a 12 month high of $78.31. The company has a market capitalization of $12,890.00, a PE ratio of 18.70, a price-to-earnings-growth ratio of 2.16 and a beta of 0.76. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.15 and a current ratio of 1.15.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.97%. The ex-dividend date of this dividend is Thursday, December 14th. Nasdaq’s dividend payout ratio is 100.66%.
Nasdaq, Inc (Nasdaq) is a holding company. The Company is a provider of trading, clearing, exchange technology, regulatory, securities listing, information and public company services. It manages, operates and provides its products and services through four segments: Market Services, Corporate Services, Information Services and Market Technology.
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