Nasdaq, Inc. (NDAQ) Expected to Post Quarterly Sales of $599.45 Million
Brokerages forecast that Nasdaq, Inc. (NASDAQ:NDAQ) will post sales of $599.45 million for the current quarter, Zacks reports. Four analysts have provided estimates for Nasdaq’s earnings. The highest sales estimate is $606.00 million and the lowest is $593.00 million. Nasdaq posted sales of $585.00 million in the same quarter last year, which suggests a positive year-over-year growth rate of 2.5%. The firm is scheduled to issue its next earnings report on Wednesday, October 25th.
On average, analysts expect that Nasdaq will report full-year sales of $599.45 million for the current financial year, with estimates ranging from $2.38 billion to $2.42 billion. For the next fiscal year, analysts anticipate that the company will post sales of $2.52 billion per share, with estimates ranging from $2.49 billion to $2.56 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that cover Nasdaq.
Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $1.02 EPS for the quarter, topping the consensus estimate of $0.96 by $0.06. The business had revenue of $602.00 million during the quarter, compared to analysts’ expectations of $596.55 million. Nasdaq had a net margin of 5.76% and a return on equity of 12.19%. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period last year, the company posted $0.91 earnings per share.
A number of analysts have recently commented on the company. BidaskClub raised Nasdaq from a “sell” rating to a “hold” rating in a research note on Thursday, June 29th. Royal Bank Of Canada set a $74.00 price target on Nasdaq and gave the company a “hold” rating in a research note on Monday, July 17th. Zacks Investment Research upgraded Nasdaq from a “sell” rating to a “hold” rating in a research report on Monday, July 17th. Jefferies Group LLC reiterated a “hold” rating and issued a $71.00 price objective (up from $68.00) on shares of Nasdaq in a research report on Monday, July 17th. Finally, UBS AG reiterated a “buy” rating and issued a $85.00 price objective (up from $80.00) on shares of Nasdaq in a research report on Thursday, July 27th. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $76.10.
Shares of Nasdaq (NDAQ) opened at 74.74 on Thursday. The firm has a market capitalization of $12.47 billion, a PE ratio of 56.79 and a beta of 0.77. The company’s 50 day moving average is $75.16 and its 200 day moving average is $71.10. Nasdaq has a 12-month low of $63.30 and a 12-month high of $77.75.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date is Thursday, September 14th. Nasdaq’s dividend payout ratio (DPR) is currently 118.75%.
In other Nasdaq news, insider Ann M. Dennison sold 1,170 shares of the company’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $76.32, for a total transaction of $89,294.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Bjorn Sibbern sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $76.17, for a total value of $228,510.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 36,844 shares of company stock valued at $2,788,100. Insiders own 1.60% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the business. Massachusetts Financial Services Co. MA boosted its position in Nasdaq by 1.0% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 15,395,293 shares of the financial services provider’s stock worth $1,069,202,000 after acquiring an additional 146,050 shares during the last quarter. Vanguard Group Inc. boosted its position in Nasdaq by 1.8% during the 2nd quarter. Vanguard Group Inc. now owns 11,470,748 shares of the financial services provider’s stock worth $820,043,000 after acquiring an additional 208,253 shares during the last quarter. BlackRock Inc. boosted its position in Nasdaq by 3,831.1% during the 1st quarter. BlackRock Inc. now owns 9,546,334 shares of the financial services provider’s stock worth $662,992,000 after acquiring an additional 9,303,493 shares during the last quarter. State Street Corp boosted its position in Nasdaq by 0.4% during the 1st quarter. State Street Corp now owns 5,296,709 shares of the financial services provider’s stock worth $367,865,000 after acquiring an additional 20,813 shares during the last quarter. Finally, Clearbridge Investments LLC boosted its position in Nasdaq by 13.1% during the 1st quarter. Clearbridge Investments LLC now owns 3,094,734 shares of the financial services provider’s stock worth $214,929,000 after acquiring an additional 358,414 shares during the last quarter. 74.31% of the stock is owned by hedge funds and other institutional investors.
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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