NASDAQ OMX Group (NDAQ) Announces Quarterly Earnings, Beats Estimates By $0.02 EPS
NASDAQ OMX Group (NASDAQ:NDAQ) posted its quarterly earnings results on Tuesday. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.02, Analyst Ratings Net reports.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of NASDAQ OMX Group in a research note on Friday, July 25th. They now have a $44.00 price target on the stock. On the ratings front, analysts at Credit Suisse reiterated an “outperform” rating on shares of NASDAQ OMX Group in a research note on Friday, July 25th. They now have a $45.00 price target on the stock, up previously from $42.00. Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of NASDAQ OMX Group in a research note on Friday, July 25th. They now have a $50.00 price target on the stock, up previously from $45.00. Five analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. NASDAQ OMX Group currently has an average rating of “Buy” and an average target price of $41.54.
NASDAQ OMX Group (NASDAQ:NDAQ) opened at 41.97 on Tuesday. NASDAQ OMX Group has a 1-year low of $29.51 and a 1-year high of $43.26. The stock has a 50-day moving average of $40.49 and a 200-day moving average of $38.16. The company has a market cap of $7.082 billion and a price-to-earnings ratio of 15.69. NASDAQ OMX Group also was the target of a significant decline in short interest in the month of July. As of July 31st, there was short interest totalling 5,319,294 shares, a decline of 24.0% from the July 15th total of 6,998,171 shares. Based on an average daily volume of 1,488,655 shares, the short-interest ratio is currently 3.6 days. Currently, 3.6% of the shares of the company are short sold.
The company also recently declared a quarterly dividend, which is scheduled for Friday, September 26th. Stockholders of record on Friday, September 12th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date of this dividend is Wednesday, September 10th.
The NASDAQ OMX Group, Inc (NASDAQ:NDAQ) is a holding company.
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