Q4 2016 Earnings Estimate for CBOE Holdings Inc. Issued By Jefferies Group (CBOE)
CBOE Holdings Inc. (NASDAQ:CBOE) – Equities researchers at Jefferies Group lifted their Q4 2016 earnings estimates for CBOE Holdings in a research report issued on Tuesday. Jefferies Group analyst D. Fannon now expects that the brokerage will post earnings of $0.58 per share for the quarter, up from their prior estimate of $0.56. Jefferies Group has a “Hold” rating and a $66.00 price objective on the stock. Jefferies Group also issued estimates for CBOE Holdings’ FY2017 earnings at $2.58 EPS.
CBOE Holdings (NASDAQ:CBOE) last issued its earnings results on Friday, July 29th. The company reported $0.60 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.60. CBOE Holdings had a return on equity of 81.50% and a net margin of 32.55%. The firm had revenue of $163.30 million for the quarter, compared to analysts’ expectations of $159.22 million. During the same quarter last year, the business earned $0.54 earnings per share. The company’s revenue was up 9.8% compared to the same quarter last year.
A number of other analysts also recently weighed in on the company. Morgan Stanley reiterated an “equal weight” rating and set a $32.50 target price (up from $26.00) on shares of CBOE Holdings in a research report on Wednesday. Evercore ISI raised CBOE Holdings from a “hold” rating to a “buy” rating and set a $74.00 price target for the company in a report on Tuesday. Deutsche Bank AG boosted their price target on CBOE Holdings from $68.00 to $70.00 and gave the stock a “hold” rating in a report on Wednesday, October 5th. Wells Fargo & Co. raised CBOE Holdings from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $67.50 to $80.50 in a report on Tuesday, October 4th. Finally, Goldman Sachs Group Inc. reissued a “sell” rating and set a $61.00 price target on shares of CBOE Holdings in a report on Tuesday, September 27th. Five research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company. CBOE Holdings has an average rating of “Hold” and a consensus target price of $65.26.
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Shares of CBOE Holdings (NASDAQ:CBOE) traded down 1.53% during trading on Thursday, reaching $65.79. The company’s stock had a trading volume of 625,315 shares. The firm has a market cap of $5.35 billion, a PE ratio of 24.88 and a beta of 0.55. The company’s 50 day moving average price is $68.04 and its 200 day moving average price is $66.16. CBOE Holdings has a 12 month low of $58.43 and a 12 month high of $72.53.
Several large investors have recently made changes to their positions in the stock. Renaissance Technologies LLC raised its position in shares of CBOE Holdings by 0.8% in the first quarter. Renaissance Technologies LLC now owns 4,436,700 shares of the company’s stock valued at $289,850,000 after buying an additional 37,000 shares during the last quarter. BlackRock Fund Advisors raised its position in shares of CBOE Holdings by 3.4% in the second quarter. BlackRock Fund Advisors now owns 2,990,390 shares of the company’s stock valued at $199,220,000 after buying an additional 97,984 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its position in shares of CBOE Holdings by 1.1% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 2,460,088 shares of the company’s stock valued at $163,891,000 after buying an additional 26,287 shares during the last quarter. State Street Corp raised its position in shares of CBOE Holdings by 1.0% in the first quarter. State Street Corp now owns 2,159,668 shares of the company’s stock valued at $141,096,000 after buying an additional 21,575 shares during the last quarter. Finally, Lazard Asset Management LLC raised its position in shares of CBOE Holdings by 76.5% in the first quarter. Lazard Asset Management LLC now owns 1,859,260 shares of the company’s stock valued at $121,464,000 after buying an additional 806,144 shares during the last quarter. Institutional investors own 73.76% of the company’s stock.
In related news, CEO Edward T. Tilly sold 6,250 shares of the company’s stock in a transaction dated Monday, September 12th. The stock was sold at an average price of $67.86, for a total transaction of $424,125.00. Following the sale, the chief executive officer now owns 73,611 shares in the company, valued at approximately $4,995,242.46. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.96% of the company’s stock.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Friday, September 2nd were given a dividend of $0.23 per share. The ex-dividend date was Wednesday, August 31st. This represents a $0.92 annualized dividend and a dividend yield of 1.38%. CBOE Holdings’s payout ratio is 37.88%.
About CBOE Holdings
CBOE Holdings, Inc is a holding company. The Company’s principal business is operating markets that offer for trading options on various market indexes (index options), on an exclusive basis and futures contracts, as well as on non-exclusive multiply listed options, such as options on the stocks of individual corporations (equity options), and options on other exchange-traded products (ETP options), such as exchange-traded funds (ETF options) and exchange-traded notes (ETN options).
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