MarketAxess Holdings, Inc. (NASDAQ:MKTX) Expected to Announce Earnings of $0.95 Per Share
Analysts forecast that MarketAxess Holdings, Inc. (NASDAQ:MKTX) will announce $0.95 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for MarketAxess Holdings’ earnings, with estimates ranging from $0.94 to $0.96. MarketAxess Holdings reported earnings of $0.82 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 15.9%. The firm is scheduled to announce its next earnings results on Wednesday, October 25th.
On average, analysts expect that MarketAxess Holdings will report full year earnings of $4.06 per share for the current year, with EPS estimates ranging from $4.02 to $4.10. For the next fiscal year, analysts anticipate that the company will report earnings of $4.95 per share, with EPS estimates ranging from $4.89 to $5.00. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover MarketAxess Holdings.
MarketAxess Holdings (NASDAQ:MKTX) last announced its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $1.00 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.92 by $0.08. MarketAxess Holdings had a return on equity of 30.38% and a net margin of 37.46%. The firm had revenue of $97.31 million during the quarter, compared to analyst estimates of $96.42 million. During the same quarter in the previous year, the business earned $0.88 EPS. MarketAxess Holdings’s revenue for the quarter was up .7% compared to the same quarter last year.
A number of equities research analysts have recently issued reports on the stock. Raymond James Financial, Inc. lifted their price target on shares of MarketAxess Holdings from $216.00 to $219.00 and gave the company an “outperform” rating in a research report on Thursday, July 27th. BidaskClub upgraded shares of MarketAxess Holdings from a “hold” rating to a “buy” rating in a research report on Monday, July 31st. Zacks Investment Research downgraded shares of MarketAxess Holdings from a “hold” rating to a “sell” rating in a research report on Monday, July 10th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and set a $210.00 price target on shares of MarketAxess Holdings in a research report on Friday, July 14th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $197.17.
In other news, insider Nicholas Themelis sold 5,596 shares of the firm’s stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $200.84, for a total transaction of $1,123,900.64. Following the completion of the transaction, the insider now directly owns 67,763 shares of the company’s stock, valued at approximately $13,609,520.92. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Stephen P. Casper sold 230 shares of the firm’s stock in a transaction that occurred on Wednesday, May 17th. The stock was sold at an average price of $184.70, for a total transaction of $42,481.00. Following the transaction, the director now directly owns 50,464 shares of the company’s stock, valued at $9,320,700.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 15,112 shares of company stock valued at $3,036,118. Insiders own 4.51% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. Cutler Group LP acquired a new position in shares of MarketAxess Holdings during the second quarter worth $110,000. First Personal Financial Services boosted its position in shares of MarketAxess Holdings by 2.6% in the second quarter. First Personal Financial Services now owns 631 shares of the financial services provider’s stock worth $127,000 after buying an additional 16 shares during the period. Traynor Capital Management Inc. acquired a new position in shares of MarketAxess Holdings during the second quarter worth $203,000. Puzo Michael J acquired a new position in shares of MarketAxess Holdings during the first quarter worth $212,000. Finally, Gardiner Nancy B acquired a new position in shares of MarketAxess Holdings during the first quarter worth $224,000. 90.05% of the stock is owned by institutional investors and hedge funds.
MarketAxess Holdings (NASDAQ:MKTX) traded down 1.25% during midday trading on Tuesday, reaching $199.05. The company’s stock had a trading volume of 61,286 shares. MarketAxess Holdings has a 52 week low of $145.10 and a 52 week high of $211.06. The company’s 50-day moving average is $200.12 and its 200 day moving average is $190.23. The firm has a market capitalization of $7.47 billion, a P/E ratio of 52.35 and a beta of 0.69.
The business also recently declared a quarterly dividend, which will be paid on Thursday, August 24th. Stockholders of record on Thursday, August 10th will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Tuesday, August 8th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.65%. MarketAxess Holdings’s payout ratio is 34.65%.
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MarketAxess Holdings Company Profile
MarketAxess Holdings Inc operates an electronic trading platform that enables fixed-income market participants to trade corporate bonds and other types of fixed-income instruments using its trading technology. Institutional investor and broker-dealer firms are users of trading platform, accessing global liquidity in the United States corporate bonds, emerging markets and high-yield bonds, European bonds, the United States agency bonds, municipal bonds, credit default swaps and other fixed-income securities.
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