NASDAQ OMX Group (NDAQ) Scheduled to Post Quarterly Earnings on Thursday
NASDAQ OMX Group (NASDAQ:NDAQ) is scheduled to issue its quarterly earnings data on Thursday, April 24th. Parties interested in participating in the company’s conference call can do so using this link.
NASDAQ OMX Group (NASDAQ:NDAQ) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.02. The company had revenue of $520.00 million for the quarter, compared to the consensus estimate of $513.14 million. During the same quarter in the previous year, the company posted $0.64 earnings per share. The company’s revenue for the quarter was up 23.2% on a year-over-year basis. On average, analysts expect NASDAQ OMX Group to post $2.98 EPS for the current fiscal year and $3.36 EPS for the next fiscal year.
Shares of NASDAQ OMX Group (NASDAQ:NDAQ) opened at 36.62 on Wednesday. NASDAQ OMX Group has a one year low of $27.63 and a one year high of $41.25. The stock’s 50-day moving average is $37.31 and its 200-day moving average is $37.56. The company has a market cap of $6.204 billion and a P/E ratio of 15.77.
The company also recently announced a quarterly dividend, which is scheduled for Friday, June 27th. Stockholders of record on Friday, June 13th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.64%. The ex-dividend date is Wednesday, June 11th. This is a boost from NASDAQ OMX Group’s previous quarterly dividend of $0.13.
NDAQ has been the subject of a number of recent research reports. Analysts at Credit Suisse upgraded shares of NASDAQ OMX Group from a “neutral” rating to an “outperform” rating in a research note on Tuesday. They now have a $42.00 price target on the stock. On a related note, analysts at Citigroup Inc. reiterated a “buy” rating on shares of NASDAQ OMX Group in a research note on Thursday, April 10th. They now have a $45.00 price target on the stock, down previously from $50.00. Finally, analysts at Bank of America downgraded shares of NASDAQ OMX Group from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 9th. They now have a $39.00 price target on the stock, down previously from $43.00. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. NASDAQ OMX Group has an average rating of “Hold” and an average target price of $38.17.
In other NASDAQ OMX Group news, EVP Bruce Aust sold 20,000 shares of the stock on the open market in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $34.16, for a total value of $683,200.00. Following the sale, the executive vice president now directly owns 98,101 shares of the company’s stock, valued at approximately $3,351,130. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
The NASDAQ OMX Group, Inc (NASDAQ:NDAQ) is a holding company.
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