CME Group Inc (CME) Expected to Post Quarterly Sales of $938.29 Million
Wall Street analysts expect that CME Group Inc (NASDAQ:CME) will announce sales of $938.29 million for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for CME Group’s earnings. The lowest sales estimate is $926.4 million and the highest is $952 million. CME Group posted sales of $906.4 million in the same quarter last year, which suggests a positive year-over-year growth rate of 3.5%. The business is scheduled to issue its next earnings report on Thursday, July 27th.
On average, analysts expect that CME Group will report full-year sales of $938.29 million for the current fiscal year, with estimates ranging from $3.67 billion to $3.79 billion. For the next financial year, analysts anticipate that the company will post sales of $3.94 billion per share, with estimates ranging from $3.81 billion to $4.07 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover CME Group.
CME Group (NASDAQ:CME) last announced its earnings results on Thursday, April 27th. The financial services provider reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.02. CME Group had a net margin of 42.67% and a return on equity of 7.28%. The business had revenue of $929 million during the quarter, compared to the consensus estimate of $932.06 million. During the same quarter last year, the firm earned $1.15 earnings per share. CME Group’s quarterly revenue was down .5% on a year-over-year basis.
A number of equities research analysts recently commented on CME shares. Deutsche Bank AG upped their price target on shares of CME Group from $136.00 to $137.00 and gave the company a “buy” rating in a report on Tuesday, April 18th. Jefferies Group LLC restated a “buy” rating and issued a $128.00 price objective on shares of CME Group in a report on Saturday, March 11th. Zacks Investment Research upgraded shares of CME Group from a “sell” rating to a “hold” rating in a report on Monday, March 20th. JPMorgan Chase & Co. lowered shares of CME Group from an “overweight” rating to a “neutral” rating in a report on Tuesday, January 31st. Finally, Royal Bank of Canada decreased their price objective on shares of CME Group from $133.00 to $130.00 and set an “outperform” rating for the company in a report on Monday, May 1st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. CME Group currently has an average rating of “Hold” and an average target price of $114.33.
In related news, CFO John W. Pietrowicz sold 2,500 shares of the stock in a transaction dated Monday, April 10th. The shares were sold at an average price of $117.85, for a total value of $294,625.00. Following the completion of the transaction, the chief financial officer now directly owns 40,995 shares in the company, valued at approximately $4,831,260.75. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Dennis Suskind sold 1,099 shares of the stock in a transaction dated Friday, April 28th. The stock was sold at an average price of $115.29, for a total transaction of $126,703.71. Following the completion of the transaction, the director now owns 5,000 shares of the company’s stock, valued at $576,450. The disclosure for this sale can be found here. Insiders sold a total of 16,907 shares of company stock valued at $2,009,182 over the last 90 days. Company insiders own 0.61% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Huntington National Bank raised its position in shares of CME Group by 4.7% in the first quarter. Huntington National Bank now owns 851 shares of the financial services provider’s stock valued at $100,000 after buying an additional 38 shares during the last quarter. Johnson Financial Group Inc. raised its position in shares of CME Group by 5.9% in the fourth quarter. Johnson Financial Group Inc. now owns 899 shares of the financial services provider’s stock valued at $104,000 after buying an additional 50 shares during the last quarter. Coconut Grove Bank raised its position in shares of CME Group by 95.7% in the first quarter. Coconut Grove Bank now owns 900 shares of the financial services provider’s stock valued at $107,000 after buying an additional 440 shares during the last quarter. Parallel Advisors LLC acquired a new position in shares of CME Group during the fourth quarter valued at about $120,000. Finally, Whittier Trust Co. raised its position in shares of CME Group by 12.6% in the first quarter. Whittier Trust Co. now owns 1,030 shares of the financial services provider’s stock valued at $122,000 after buying an additional 115 shares during the last quarter. Institutional investors own 80.06% of the company’s stock.
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Shares of CME Group (NASDAQ:CME) traded down 0.08% during trading on Friday, reaching $117.98. 721,056 shares of the company were exchanged. CME Group has a one year low of $92.29 and a one year high of $127.60. The stock has a 50-day moving average price of $117.43 and a 200-day moving average price of $118.59. The stock has a market capitalization of $40.09 billion, a PE ratio of 25.54 and a beta of 0.88.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 26th. Shareholders of record on Friday, June 9th will be issued a $0.66 dividend. The ex-dividend date is Wednesday, June 7th. This represents a $2.64 annualized dividend and a yield of 2.24%. CME Group’s dividend payout ratio (DPR) is presently 52.98%.
About CME Group
CME Group Inc, through its exchanges, provides products across all asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural products and metals. The Company’s segment primarily consists of the Chicago Mercantile Exchange Inc (CME), Board of Trade of the City of Chicago, Inc (CBOT), New York Mercantile Exchange, Inc (NYMEX) and Commodity Exchange, Inc (COMEX) exchanges.
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