Zacks: Analysts Expect CBOE Holdings, Inc. (CBOE) Will Announce Quarterly Sales of $262.80 Million
Equities analysts expect CBOE Holdings, Inc. (NASDAQ:CBOE) to report sales of $262.80 million for the current quarter, Zacks reports. Four analysts have made estimates for CBOE Holdings’ earnings, with the highest sales estimate coming in at $263.83 million and the lowest estimate coming in at $261.80 million. CBOE Holdings posted sales of $156.21 million in the same quarter last year, which suggests a positive year over year growth rate of 68.2%. The company is expected to issue its next earnings report on Friday, October 27th.
On average, analysts expect that CBOE Holdings will report full-year sales of $262.80 million for the current year, with estimates ranging from $984.00 million to $992.80 million. For the next financial year, analysts anticipate that the business will post sales of $1.12 billion per share, with estimates ranging from $1.10 billion to $1.14 billion. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for CBOE Holdings.
CBOE Holdings (NASDAQ:CBOE) last posted its quarterly earnings results on Friday, August 4th. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.01. CBOE Holdings had a net margin of 17.81% and a return on equity of 17.45%. The firm had revenue of $266.90 million for the quarter, compared to analyst estimates of $266.22 million. During the same period in the prior year, the firm posted $0.60 earnings per share. The company’s quarterly revenue was up 85.2% compared to the same quarter last year.
A number of equities analysts have issued reports on the stock. Zacks Investment Research downgraded shares of CBOE Holdings from a “buy” rating to a “hold” rating in a report on Friday. Royal Bank Of Canada set a $100.00 price objective on shares of CBOE Holdings and gave the stock a “buy” rating in a report on Monday, September 11th. Barclays PLC assumed coverage on shares of CBOE Holdings in a report on Friday, September 8th. They set an “equal weight” rating and a $105.00 price objective on the stock. Jefferies Group LLC reaffirmed a “hold” rating and set a $92.00 price objective on shares of CBOE Holdings in a report on Thursday, August 24th. Finally, BidaskClub raised shares of CBOE Holdings from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $80.09.
Shares of CBOE Holdings (NASDAQ:CBOE) opened at 104.67 on Friday. The company has a market capitalization of $11.80 billion, a price-to-earnings ratio of 57.23 and a beta of 0.49. The firm’s 50-day moving average is $99.06 and its 200 day moving average is $88.73. CBOE Holdings has a 52-week low of $61.58 and a 52-week high of $106.53.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 1st were paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.03%. This is a boost from CBOE Holdings’s previous quarterly dividend of $0.25. The ex-dividend date was Wednesday, August 30th. CBOE Holdings’s payout ratio is presently 59.67%.
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In other news, Chairman Edward T. Tilly sold 5,000 shares of CBOE Holdings stock in a transaction on Monday, September 11th. The stock was sold at an average price of $105.52, for a total transaction of $527,600.00. Following the sale, the chairman now directly owns 75,611 shares in the company, valued at approximately $7,978,472.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Christopher A. Isaacson sold 7,020 shares of CBOE Holdings stock in a transaction on Friday, September 1st. The stock was sold at an average price of $100.61, for a total value of $706,282.20. Following the sale, the vice president now owns 97,897 shares in the company, valued at $9,849,417.17. The disclosure for this sale can be found here. Insiders have sold a total of 214,240 shares of company stock worth $20,981,248 over the last quarter. Company insiders own 1.86% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in CBOE. Strs Ohio bought a new stake in shares of CBOE Holdings during the 2nd quarter worth $120,000. Bronfman E.L. Rothschild L.P. raised its stake in CBOE Holdings by 1.5% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,346 shares of the financial services provider’s stock valued at $123,000 after acquiring an additional 20 shares during the period. Royce & Associates LP bought a new stake in CBOE Holdings in the 1st quarter valued at about $180,000. Huntington National Bank bought a new stake in CBOE Holdings in the 2nd quarter valued at about $182,000. Finally, Livforsakringsbolaget Skandia Omsesidigt bought a new stake in CBOE Holdings in the 2nd quarter valued at about $183,000. Institutional investors own 82.49% of the company’s stock.
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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