CBOE Holdings, Inc. Forecasted to Post FY2017 Earnings of $3.36 Per Share (CBOE)
CBOE Holdings, Inc. (NASDAQ:CBOE) – Jefferies Group upped their FY2017 earnings per share estimates for shares of CBOE Holdings in a report released on Sunday. Jefferies Group analyst D. Fannon now expects that the financial services provider will post earnings per share of $3.36 for the year, up from their previous estimate of $3.34. Jefferies Group has a “Hold” rating and a $92.00 price target on the stock. Jefferies Group also issued estimates for CBOE Holdings’ Q4 2017 earnings at $0.85 EPS and FY2018 earnings at $3.82 EPS.
A number of other brokerages have also commented on CBOE. Zacks Investment Research raised CBOE Holdings from a “hold” rating to a “buy” rating and set a $91.00 price target for the company in a research note on Tuesday, April 11th. BidaskClub raised CBOE Holdings from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, June 14th. Deutsche Bank AG raised their price target on CBOE Holdings from $76.00 to $79.00 and gave the stock a “hold” rating in a research note on Thursday, April 6th. Royal Bank Of Canada set a $90.00 price target on CBOE Holdings and gave the stock an “outperform” rating in a research note on Friday, May 12th. Finally, Citigroup Inc. started coverage on CBOE Holdings in a research note on Wednesday, July 12th. They issued a “neutral” rating and a $93.00 price target for the company. Two research analysts have rated the stock with a sell rating, six have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $76.38.
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CBOE Holdings (NASDAQ CBOE) opened at 92.02 on Tuesday. The company’s 50 day moving average is $87.49 and its 200-day moving average is $81.02. CBOE Holdings has a 52-week low of $61.58 and a 52-week high of $93.55. The firm has a market cap of $10.31 billion, a P/E ratio of 51.35 and a beta of 0.49.
CBOE Holdings (NASDAQ:CBOE) last released its earnings results on Tuesday, May 9th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.10. CBOE Holdings had a net margin of 18.03% and a return on equity of 24.30%. The company had revenue of $193.40 million for the quarter, compared to the consensus estimate of $208.30 million. During the same quarter in the previous year, the company earned $0.60 EPS. CBOE Holdings’s quarterly revenue was up 35.2% compared to the same quarter last year.
Several institutional investors have recently bought and sold shares of CBOE. Oregon Public Employees Retirement Fund raised its position in CBOE Holdings by 13.3% in the second quarter. Oregon Public Employees Retirement Fund now owns 9,646 shares of the financial services provider’s stock valued at $882,000 after buying an additional 1,134 shares in the last quarter. CENTRAL TRUST Co raised its position in CBOE Holdings by 8,583.3% in the second quarter. CENTRAL TRUST Co now owns 7,294 shares of the financial services provider’s stock valued at $667,000 after buying an additional 7,210 shares in the last quarter. Mn Services Vermogensbeheer B.V. bought a new position in CBOE Holdings during the second quarter valued at about $1,541,000. Chesley Taft & Associates LLC raised its position in CBOE Holdings by 64.4% in the second quarter. Chesley Taft & Associates LLC now owns 29,550 shares of the financial services provider’s stock valued at $2,701,000 after buying an additional 11,575 shares in the last quarter. Finally, State of Alaska Department of Revenue raised its position in CBOE Holdings by 393.6% in the second quarter. State of Alaska Department of Revenue now owns 49,185 shares of the financial services provider’s stock valued at $4,495,000 after buying an additional 39,221 shares in the last quarter. 78.50% of the stock is owned by hedge funds and other institutional investors.
In other news, Director Christopher Mitchell sold 225,000 shares of CBOE Holdings stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $89.17, for a total value of $20,063,250.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Christopher A. Isaacson sold 7,316 shares of CBOE Holdings stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $89.21, for a total value of $652,660.36. The disclosure for this sale can be found here. In the last ninety days, insiders sold 237,316 shares of company stock valued at $21,150,160. 0.96% of the stock is owned by insiders.
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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