Analysts Expect CBOE Holdings, Inc. (CBOE) Will Announce Earnings of $0.85 Per Share
Analysts expect CBOE Holdings, Inc. (NASDAQ:CBOE) to post earnings per share (EPS) of $0.85 for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for CBOE Holdings’ earnings. The lowest EPS estimate is $0.81 and the highest is $0.89. CBOE Holdings posted earnings of $0.58 per share during the same quarter last year, which suggests a positive year over year growth rate of 46.6%. The business is expected to issue its next earnings report before the market opens on Tuesday, November 7th.
On average, analysts expect that CBOE Holdings will report full year earnings of $3.40 per share for the current financial year, with EPS estimates ranging from $3.30 to $3.45. For the next fiscal year, analysts forecast that the firm will post earnings of $3.92 per share, with EPS estimates ranging from $3.75 to $4.10. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that follow CBOE Holdings.
CBOE Holdings (NASDAQ:CBOE) last issued its quarterly earnings results on Friday, August 4th. The financial services provider reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.01. CBOE Holdings had a return on equity of 17.45% and a net margin of 17.81%. The firm had revenue of $266.90 million during the quarter, compared to the consensus estimate of $266.22 million. During the same quarter in the prior year, the business posted $0.60 earnings per share. CBOE Holdings’s revenue for the quarter was up 85.2% on a year-over-year basis.
CBOE has been the topic of a number of research analyst reports. Jefferies Group LLC reiterated a “hold” rating and issued a $92.00 target price on shares of CBOE Holdings in a research note on Tuesday. Deutsche Bank AG boosted their target price on shares of CBOE Holdings from $88.00 to $89.00 and gave the stock a “hold” rating in a research report on Monday, August 7th. BidaskClub lowered shares of CBOE Holdings from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Royal Bank Of Canada restated an “outperform” rating and set a $100.00 price target (up from $90.00) on shares of CBOE Holdings in a report on Thursday, July 13th. Finally, Zacks Investment Research cut shares of CBOE Holdings from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Seven investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. CBOE Holdings presently has an average rating of “Buy” and an average price target of $84.75.
Shares of CBOE Holdings (CBOE) opened at 109.07 on Wednesday. The firm’s 50-day moving average price is $102.96 and its 200 day moving average price is $91.26. CBOE Holdings has a 12-month low of $61.58 and a 12-month high of $109.61. The stock has a market capitalization of $12.30 billion, a P/E ratio of 59.63 and a beta of 0.50.
The company also recently declared a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were issued a $0.27 dividend. This is a boost from CBOE Holdings’s previous quarterly dividend of $0.25. The ex-dividend date was Wednesday, August 30th. This represents a $1.08 annualized dividend and a yield of 0.99%. CBOE Holdings’s dividend payout ratio is 59.67%.
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In related news, Director Carole E. Stone sold 1,520 shares of the company’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $97.14, for a total value of $147,652.80. Following the completion of the transaction, the director now directly owns 14,241 shares in the company, valued at $1,383,370.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Frank E. Jr. English sold 700 shares of the company’s stock in a transaction on Friday, August 25th. The shares were sold at an average price of $99.59, for a total value of $69,713.00. Following the completion of the transaction, the director now owns 4,514 shares of the company’s stock, valued at $449,549.26. 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 in the last three months. 1.86% of the stock is owned by insiders.
A number of hedge funds have recently modified their holdings of the stock. Vantage Investment Advisors LLC boosted its stake in CBOE Holdings by 0.3% during the second quarter. Vantage Investment Advisors LLC now owns 3,006 shares of the financial services provider’s stock worth $275,000 after buying an additional 8 shares in the last quarter. Gateway Investment Advisers LLC increased its holdings in CBOE Holdings by 0.3% in the 2nd quarter. Gateway Investment Advisers LLC now owns 5,592 shares of the financial services provider’s stock valued at $511,000 after buying an additional 16 shares during the period. Bronfman E.L. Rothschild L.P. increased its holdings 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 buying an additional 20 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of CBOE Holdings by 0.3% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,826 shares of the financial services provider’s stock valued at $624,000 after buying an additional 21 shares in the last quarter. Finally, Advisor Group Inc. raised its stake in shares of CBOE Holdings by 0.9% in the 2nd quarter. Advisor Group Inc. now owns 2,278 shares of the financial services provider’s stock valued at $208,000 after buying an additional 21 shares in the last quarter. 82.45% of the stock is owned by hedge funds and other institutional investors.
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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