FY2016 EPS Estimates for CBOE Holdings Inc. (CBOE) Lowered by Credit Agricole SA
CBOE Holdings Inc. (NASDAQ:CBOE) – Analysts at Credit Agricole SA cut their FY2016 EPS estimates for CBOE Holdings in a note issued to investors on Wednesday. Credit Agricole SA analyst R. Rutschow now anticipates that the brokerage will post earnings per share of $2.35 for the year, down from their previous forecast of $2.37. Credit Agricole SA currently has a “Underperform” rating and a $68.00 target price on the stock.
A number of other equities research analysts also recently issued reports on CBOE. Morgan Stanley restated an “equal weight” rating and set a $32.50 price objective (up from $26.00) on shares of CBOE Holdings in a research report on Wednesday, October 12th. Jefferies Group upped their price objective on CBOE Holdings from $62.00 to $66.00 and gave the company a “hold” rating in a research report on Tuesday, October 11th. Evercore ISI upgraded CBOE Holdings from a “hold” rating to a “buy” rating and set a $74.00 price objective on the stock in a research report on Tuesday, October 11th. Deutsche Bank AG upped their price objective on CBOE Holdings from $68.00 to $70.00 and gave the company a “hold” rating in a research report on Wednesday, October 5th. Finally, Wells Fargo & Co. upgraded CBOE Holdings from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $67.50 to $80.50 in a research report on Tuesday, October 4th. Five analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $65.26.
CBOE Holdings (NASDAQ:CBOE) opened at 66.09 on Monday. The stock has a market cap of $5.37 billion, a PE ratio of 25.00 and a beta of 0.55. The stock has a 50 day moving average price of $67.89 and a 200-day moving average price of $66.16. CBOE Holdings has a 1-year low of $58.43 and a 1-year high of $72.53.
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CBOE Holdings (NASDAQ:CBOE) last released its earnings results on Friday, July 29th. The company reported $0.60 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.60. The company earned $163.30 million during the quarter, compared to analysts’ expectations of $159.22 million. CBOE Holdings had a return on equity of 81.50% and a net margin of 32.55%. The firm’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.54 EPS.
A number of hedge funds and other institutional investors have recently made changes to their positions in CBOE. Steinberg Global Asset Management purchased a new position in shares of CBOE Holdings during the second quarter valued at about $203,000. Tower Research Capital LLC TRC boosted its position in shares of CBOE Holdings by 53.4% in the second quarter. Tower Research Capital LLC TRC now owns 3,204 shares of the company’s stock valued at $213,000 after buying an additional 1,115 shares during the period. Fox Run Management L.L.C. purchased a new position in shares of CBOE Holdings during the third quarter valued at about $220,000. Raymond James & Associates boosted its position in shares of CBOE Holdings by 2.2% in the second quarter. Raymond James & Associates now owns 3,609 shares of the company’s stock valued at $240,000 after buying an additional 76 shares during the period. Finally, Quadrature Capital Ltd purchased a new position in shares of CBOE Holdings during the second quarter valued at about $246,000. 73.72% of the stock is currently owned by institutional investors.
In related news, CEO Edward T. Tilly sold 6,250 shares of the stock in a transaction that occurred on Monday, September 12th. The stock was sold at an average price of $67.86, for a total value of $424,125.00. Following the transaction, the chief executive officer now owns 73,611 shares of the company’s stock, valued at $4,995,242.46. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.96% of the stock is owned by corporate insiders.
CBOE Holdings Company Profile
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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