$0.97 EPS Expected for Nasdaq Inc (NDAQ) This Quarter
Equities research analysts expect Nasdaq Inc (NASDAQ:NDAQ) to announce earnings per share of $0.97 for the current quarter, Zacks reports. Four analysts have made estimates for Nasdaq’s earnings, with the highest EPS estimate coming in at $0.99 and the lowest estimate coming in at $0.95. Nasdaq reported earnings per share of $0.91 in the same quarter last year, which would indicate a positive year-over-year growth rate of 6.6%. The business is expected to announce its next earnings results on Wednesday, July 26th.
On average, analysts expect that Nasdaq will report full year earnings of $4.12 per share for the current fiscal year, with EPS estimates ranging from $4.06 to $4.19. For the next financial year, analysts forecast that the business will report earnings of $4.50 per share, with EPS estimates ranging from $4.40 to $4.64. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for Nasdaq.
Nasdaq (NASDAQ:NDAQ) last announced its earnings results on Wednesday, April 26th. The financial services provider reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.05. The company had revenue of $583 million for the quarter, compared to analyst estimates of $593.46 million. Nasdaq had a return on equity of 10.99% and a net margin of 2.94%. The firm’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.91 earnings per share.
A number of brokerages have recently commented on NDAQ. Royal Bank of Canada set a $70.00 target price on shares of Nasdaq and gave the company a “hold” rating in a research note on Friday, April 21st. Jefferies Group LLC reissued a “hold” rating and issued a $68.00 target price on shares of Nasdaq in a research note on Monday, April 10th. Zacks Investment Research raised shares of Nasdaq from a “sell” rating to a “hold” rating in a research note on Wednesday, April 12th. Evercore ISI reissued an “in-line” rating and issued a $74.00 target price on shares of Nasdaq in a research note on Friday, April 28th. Finally, Deutsche Bank AG cut their target price on shares of Nasdaq from $80.00 to $79.00 and set a “buy” rating on the stock in a research note on Friday, April 28th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $73.11.
In other Nasdaq news, Director Lars Wedenborn sold 10,000 shares of the stock in a transaction dated Thursday, April 27th. The shares were sold at an average price of $68.38, for a total transaction of $683,800.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 2.20% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of NDAQ. Clinton Group Inc. acquired a new position in shares of Nasdaq during the third quarter valued at about $1,696,000. Virtus Investment Advisers Inc. purchased a new stake in shares of Nasdaq during the third quarter worth $871,000. Advantus Capital Management Inc increased its stake in shares of Nasdaq by 1.5% in the third quarter. Advantus Capital Management Inc now owns 11,312 shares of the financial services provider’s stock worth $764,000 after buying an additional 168 shares in the last quarter. Two Sigma Advisers LP increased its stake in shares of Nasdaq by 33.8% in the third quarter. Two Sigma Advisers LP now owns 56,201 shares of the financial services provider’s stock worth $3,796,000 after buying an additional 14,200 shares in the last quarter. Finally, United Services Automobile Association increased its stake in shares of Nasdaq by 46.9% in the third quarter. United Services Automobile Association now owns 53,086 shares of the financial services provider’s stock worth $3,585,000 after buying an additional 16,958 shares in the last quarter. 73.64% of the stock is currently owned by institutional investors.
Nasdaq (NASDAQ:NDAQ) traded down 0.89% during mid-day trading on Friday, hitting $67.58. The stock had a trading volume of 561,560 shares. The company has a 50 day moving average price of $68.36 and a 200-day moving average price of $68.42. The company has a market cap of $11.16 billion, a price-to-earnings ratio of 78.76 and a beta of 0.89. Nasdaq has a one year low of $61.19 and a one year high of $72.52.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Friday, June 16th will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Wednesday, June 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.25%. This is a boost from Nasdaq’s previous quarterly dividend of $0.32. Nasdaq’s dividend payout ratio (DPR) is 206.45%.
Nasdaq Company Profile
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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