CBOE Holdings, Inc. (CBOE) to Release Earnings on Friday
CBOE Holdings, Inc. (NASDAQ:CBOE) is scheduled to post its quarterly earnings results before the market opens on Friday, August 4th. Analysts expect CBOE Holdings to post earnings of $0.86 per share for the quarter.
CBOE Holdings (NASDAQ:CBOE) last released its quarterly earnings results on Tuesday, May 9th. The financial services provider reported $0.78 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.10. CBOE Holdings had a return on equity of 24.30% and a net margin of 18.03%. The company had revenue of $193.40 million for the quarter, compared to analyst estimates of $208.30 million. During the same quarter in the prior year, the firm posted $0.60 EPS. CBOE Holdings’s quarterly revenue was up 35.2% compared to the same quarter last year. On average, analysts expect CBOE Holdings to post $3.37 EPS for the current fiscal year and $3.91 EPS for the next fiscal year.
Shares of CBOE Holdings, Inc. (CBOE) opened at 93.29 on Friday. The stock has a market cap of $10.45 billion, a price-to-earnings ratio of 52.06 and a beta of 0.49. CBOE Holdings, Inc. has a 12-month low of $61.58 and a 12-month high of $94.59. The company’s 50-day moving average price is $91.30 and its 200 day moving average price is $83.44.
A number of equities analysts recently commented on CBOE shares. BidaskClub downgraded CBOE Holdings from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 22nd. Zacks Investment Research upgraded CBOE Holdings from a “hold” rating to a “buy” rating and set a $91.00 price objective on the stock in a research report on Tuesday, April 11th. Jefferies Group LLC reiterated a “hold” rating and set a $85.00 price objective on shares of CBOE Holdings in a research report on Monday, April 10th. Deutsche Bank AG lifted their price objective on CBOE Holdings from $76.00 to $79.00 and gave the stock a “hold” rating in a research report on Thursday, April 6th. Finally, Citigroup Inc. started coverage on CBOE Holdings in a research report on Wednesday, July 12th. They set a “neutral” rating and a $93.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $76.38.
In other news, Chairman Edward T. Tilly sold 5,000 shares of CBOE Holdings stock in a transaction on Monday, June 5th. The stock was sold at an average price of $86.85, for a total value of $434,250.00. Following the completion of the sale, the chairman now directly owns 80,611 shares of the company’s stock, valued at $7,001,065.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Christopher Mitchell sold 225,000 shares of CBOE Holdings stock in a transaction on Friday, June 9th. The shares were sold at an average price of $89.17, for a total value of $20,063,250.00. The disclosure for this sale can be found here. Insiders sold 237,316 shares of company stock valued at $21,150,160 over the last ninety days. Insiders own 0.96% of the company’s stock.
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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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