Nasdaq, Inc. (NASDAQ:NDAQ) Expected to Earn Q2 2017 Earnings of $0.95 Per Share
Nasdaq, Inc. (NASDAQ:NDAQ) – Jefferies Group reduced their Q2 2017 earnings per share estimates for shares of Nasdaq in a note issued to investors on Sunday. Jefferies Group analyst D. Fannon now anticipates that the financial services provider will earn $0.95 per share for the quarter, down from their prior estimate of $0.96. Jefferies Group has a “Hold” rating and a $71.00 price target on the stock. Jefferies Group also issued estimates for Nasdaq’s Q3 2017 earnings at $0.97 EPS, FY2017 earnings at $4.03 EPS and FY2018 earnings at $4.41 EPS.
Several other research analysts also recently issued reports on NDAQ. Royal Bank Of Canada restated a “sector perform” rating and set a $71.00 price objective on shares of Nasdaq in a report on Thursday, March 30th. Zacks Investment Research downgraded shares of Nasdaq from a “hold” rating to a “sell” rating in a report on Tuesday, April 4th. Deutsche Bank AG dropped their price objective on shares of Nasdaq from $80.00 to $79.00 and set a “buy” rating on the stock in a report on Friday, April 28th. Evercore ISI restated an “in-line” rating and set a $74.00 price objective on shares of Nasdaq in a report on Friday, April 28th. Finally, UBS AG restated a “buy” rating and set a $81.00 price objective (down previously from $85.00) on shares of Nasdaq in a report on Friday, April 28th. Eight analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $74.00.
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Nasdaq (NASDAQ NDAQ) opened at 71.49 on Tuesday. The stock’s 50 day moving average is $69.05 and its 200 day moving average is $69.14. Nasdaq has a 12 month low of $63.30 and a 12 month high of $72.52. The company has a market cap of $11.81 billion, a PE ratio of 83.32 and a beta of 0.75.
Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings results on Wednesday, April 26th. The financial services provider reported $1.10 EPS for the quarter, topping the consensus estimate of $1.05 by $0.05. Nasdaq had a net margin of 3.87% and a return on equity of 11.77%. The business had revenue of $583 million for the quarter, compared to analysts’ expectations of $593.46 million. During the same quarter last year, the company posted $0.91 earnings per share. The company’s quarterly revenue was up 9.2% compared to the same quarter last year.
A number of hedge funds have recently bought and sold shares of NDAQ. Fox Run Management L.L.C. acquired a new stake in Nasdaq during the first quarter worth $530,000. Private Trust Co. NA boosted its stake in Nasdaq by 4.0% in the first quarter. Private Trust Co. NA now owns 8,533 shares of the financial services provider’s stock worth $592,000 after buying an additional 325 shares during the last quarter. Capstone Asset Management Co. boosted its stake in Nasdaq by 1.5% in the first quarter. Capstone Asset Management Co. now owns 11,230 shares of the financial services provider’s stock worth $780,000 after buying an additional 170 shares during the last quarter. CrestPoint Capital Management LLC acquired a new stake in Nasdaq during the first quarter worth $924,000. Finally, Gulf International Bank UK Ltd boosted its stake in Nasdaq by 1.4% in the first quarter. Gulf International Bank UK Ltd now owns 35,901 shares of the financial services provider’s stock worth $2,493,000 after buying an additional 500 shares during the last quarter. 74.67% of the stock is currently owned by institutional investors and hedge funds.
In related news, Director Lars Wedenborn sold 10,000 shares of the company’s stock in a transaction dated Thursday, April 27th. The shares were sold at an average price of $68.38, for a total value of $683,800.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.60% of the company’s stock.
The firm also recently announced a quarterly dividend, which was paid on Friday, June 30th. Investors of record on Friday, June 16th were paid a $0.38 dividend. The ex-dividend date of this dividend was Wednesday, June 14th. This represents a $1.52 dividend on an annualized basis and a yield of 2.13%. This is a boost from Nasdaq’s previous quarterly dividend of $0.32. Nasdaq’s payout ratio is presently 183.13%.
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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