CBOE Holdings, Inc. (CBOE) Expected to Announce Earnings of $0.85 Per Share
Wall Street analysts forecast that CBOE Holdings, Inc. (NASDAQ:CBOE) will report earnings of $0.85 per share for the current quarter, according to Zacks. Four analysts have issued estimates for CBOE Holdings’ earnings, with the highest EPS estimate coming in at $0.89 and the lowest estimate coming in at $0.81. CBOE Holdings posted earnings of $0.58 per share in the same quarter last year, which would suggest a positive year over year growth rate of 46.6%. The firm is scheduled to issue its next earnings report on Friday, October 27th.
According to Zacks, analysts expect that CBOE Holdings will report full year earnings of $3.40 per share for the current year, with EPS estimates ranging from $3.30 to $3.45. For the next financial year, analysts expect that the firm will post earnings of $3.92 per share, with EPS estimates ranging from $3.75 to $4.10. Zacks’ EPS calculations are an average based on a survey of research firms that that provide coverage for CBOE Holdings.
CBOE Holdings (NASDAQ:CBOE) last announced its quarterly earnings results on Friday, August 4th. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.01. CBOE Holdings had a return on equity of 17.45% and a net margin of 17.81%. The company had revenue of $266.90 million during the quarter, compared to analyst estimates of $266.22 million. During the same quarter in the previous year, the firm posted $0.60 EPS. The firm’s quarterly revenue was up 85.2% on a year-over-year basis.
A number of equities research analysts recently commented on the company. BidaskClub upgraded CBOE Holdings from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 10th. Deutsche Bank AG increased their price objective on CBOE Holdings from $76.00 to $79.00 and gave the company a “hold” rating in a research report on Tuesday, July 4th. Zacks Investment Research lowered CBOE Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Jefferies Group LLC reiterated a “hold” rating and issued a $92.00 price objective (up from $85.00) on shares of CBOE Holdings in a research report on Monday, July 17th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $100.00 price objective (up from $90.00) on shares of CBOE Holdings in a research report on Thursday, July 13th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $80.09.
Shares of CBOE Holdings (NASDAQ:CBOE) traded down 0.28% on Friday, reaching $105.55. The company’s stock had a trading volume of 208,512 shares. The stock has a market capitalization of $11.90 billion, a price-to-earnings ratio of 57.71 and a beta of 0.49. The stock has a 50-day moving average of $98.73 and a 200 day moving average of $88.55. CBOE Holdings has a 52 week low of $61.58 and a 52 week high of $106.53.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be given a dividend of $0.27 per share. This is an increase from CBOE Holdings’s previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a yield of 1.02%. The ex-dividend date of this dividend is Wednesday, August 30th. CBOE Holdings’s payout ratio is currently 59.67%.
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In other CBOE Holdings news, Chairman Edward T. Tilly sold 5,000 shares of the company’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $105.52, for a total transaction of $527,600.00. Following the sale, the chairman now owns 75,611 shares of the company’s stock, valued at $7,978,472.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Carole E. Stone sold 1,520 shares of the company’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $97.14, for a total transaction of $147,652.80. Following the sale, the director now directly owns 14,241 shares in the company, valued at approximately $1,383,370.74. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 214,240 shares of company stock valued at $20,981,248. Company insiders own 1.86% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the business. Shell Asset Management Co. acquired a new position in shares of CBOE Holdings during the first quarter valued at about $326,000. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in shares of CBOE Holdings by 77.5% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 5,503 shares of the financial services provider’s stock valued at $446,000 after purchasing an additional 2,403 shares during the period. First Trust Advisors LP raised its holdings in shares of CBOE Holdings by 132.3% during the first quarter. First Trust Advisors LP now owns 67,837 shares of the financial services provider’s stock valued at $5,500,000 after purchasing an additional 38,632 shares during the period. Pictet Asset Management Ltd. acquired a new position in shares of CBOE Holdings during the first quarter valued at about $1,249,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of CBOE Holdings by 39.0% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,567 shares of the financial services provider’s stock valued at $289,000 after purchasing an additional 1,000 shares during the period. 82.49% of the stock is currently owned by institutional investors and hedge funds.
CBOE Holdings Company Profile
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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