MarketAxess Holdings, Inc. (MKTX) Expected to Announce Earnings of $0.95 Per Share
Analysts expect MarketAxess Holdings, Inc. (NASDAQ:MKTX) to post earnings per share of $0.95 for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for MarketAxess Holdings’ earnings. The highest EPS estimate is $0.96 and the lowest is $0.94. MarketAxess Holdings reported earnings per share of $0.82 during the same quarter last year, which suggests a positive year-over-year growth rate of 15.9%. The company is scheduled to issue its next quarterly earnings report on Wednesday, October 25th.
On average, analysts expect that MarketAxess Holdings will report full year earnings of $4.06 per share for the current fiscal year, with EPS estimates ranging from $4.02 to $4.10. For the next financial year, analysts forecast that the company will report earnings of $4.95 per share, with EPS estimates ranging from $4.89 to $5.00. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for MarketAxess Holdings.
MarketAxess Holdings (NASDAQ:MKTX) last released its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.08. The firm had revenue of $97.31 million for the quarter, compared to analyst estimates of $96.42 million. MarketAxess Holdings had a return on equity of 30.38% and a net margin of 37.46%. The business’s revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.88 earnings per share.
Several equities research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of MarketAxess Holdings from a “sell” rating to a “hold” rating in a report on Wednesday. BidaskClub downgraded shares of MarketAxess Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, August 16th. Raymond James Financial, Inc. raised their price objective 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. Finally, Keefe, Bruyette & Woods restated a “buy” rating and set a $210.00 price objective on shares of MarketAxess Holdings in a research report on Friday, July 14th. Four analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $197.17.
MarketAxess Holdings (NASDAQ:MKTX) traded down 0.01% during mid-day trading on Friday, reaching $190.60. The company’s stock had a trading volume of 140,375 shares. The company has a market cap of $7.15 billion, a price-to-earnings ratio of 50.13 and a beta of 0.69. The firm has a 50 day moving average price of $196.45 and a 200 day moving average price of $192.74. MarketAxess Holdings has a 52-week low of $145.10 and a 52-week high of $211.06.
The firm also recently declared a quarterly dividend, which was paid on Thursday, August 24th. Stockholders of record on Thursday, August 10th were issued a $0.33 dividend. The ex-dividend date was Tuesday, August 8th. This represents a $1.32 annualized dividend and a dividend yield of 0.69%. MarketAxess Holdings’s dividend payout ratio is currently 34.65%.
In related news, insider Kevin M. Mcpherson sold 9,286 shares of the business’s stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $201.35, for a total transaction of $1,869,736.10. Following the completion of the transaction, the insider now owns 90,929 shares in the company, valued at approximately $18,308,554.15. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Nicholas Themelis sold 5,596 shares of the business’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $200.84, for a total transaction of $1,123,900.64. Following the transaction, the insider now owns 67,763 shares of the company’s stock, valued at approximately $13,609,520.92. The disclosure for this sale can be found here. In the last quarter, insiders have sold 34,882 shares of company stock valued at $6,966,237. 4.51% of the stock is currently owned by company insiders.
A number of hedge funds have recently added to or reduced their stakes in the company. Cutler Group LP bought a new stake in MarketAxess Holdings during the second quarter valued at $110,000. First Personal Financial Services increased its stake in MarketAxess Holdings by 2.6% in the second quarter. First Personal Financial Services now owns 631 shares of the financial services provider’s stock valued at $127,000 after buying an additional 16 shares in the last quarter. GQG Partners LLC bought a new stake in MarketAxess Holdings during the second quarter valued at $127,000. Traynor Capital Management Inc. bought a new stake in MarketAxess Holdings during the second quarter valued at $203,000. Finally, Puzo Michael J bought a new stake in MarketAxess Holdings during the first quarter valued at $212,000. 90.36% of the stock is currently owned by institutional investors.
About MarketAxess Holdings
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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