Zacks: Brokerages Expect CBOE Holdings, Inc. (CBOE) Will Announce Quarterly Sales of $262.80 Million
Equities research analysts forecast that CBOE Holdings, Inc. (NASDAQ:CBOE) will announce sales of $262.80 million for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for CBOE Holdings’ earnings. The lowest sales estimate is $261.80 million and the highest is $263.83 million. CBOE Holdings posted sales of $156.21 million during the same quarter last year, which suggests a positive year over year growth rate of 68.2%. The firm is expected to announce its next quarterly earnings results before the market opens on Tuesday, November 7th.
On average, analysts expect that CBOE Holdings will report full-year sales of $262.80 million for the current financial year, with estimates ranging from $989.35 million to $997.00 million. For the next financial year, analysts expect that the business will post sales of $1.13 billion per share, with estimates ranging from $1.12 billion to $1.14 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow CBOE Holdings.
CBOE Holdings (NASDAQ:CBOE) last announced its quarterly earnings data on Friday, August 4th. The financial services provider reported $0.87 earnings per share for the quarter, topping the Thomson Reuters’ 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 for the quarter, compared to analyst estimates of $266.22 million. During the same quarter last year, the firm earned $0.60 EPS. CBOE Holdings’s revenue for the quarter was up 85.2% compared to the same quarter last year.
CBOE has been the topic of several research reports. Zacks Investment Research raised CBOE Holdings from a “hold” rating to a “buy” rating and set a $104.00 target price on the stock in a research report on Friday, July 14th. BidaskClub downgraded CBOE Holdings from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 22nd. Royal Bank Of Canada set a $100.00 target price on CBOE Holdings and gave the company a “buy” rating in a research report on Monday, September 11th. Barclays PLC initiated coverage on CBOE Holdings in a research report on Friday, September 8th. They issued an “equal weight” rating and a $105.00 target price on the stock. Finally, Deutsche Bank AG upped their target price on CBOE Holdings from $88.00 to $89.00 and gave the company a “hold” rating in a research report on Monday, August 7th. Seven investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $88.04.
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Shares of CBOE Holdings (NASDAQ:CBOE) opened at 108.80 on Friday. The firm has a market cap of $12.27 billion, a price-to-earnings ratio of 59.49 and a beta of 0.50. CBOE Holdings has a one year low of $61.58 and a one year high of $110.21. The stock’s 50 day moving average price is $103.60 and its 200 day moving average price is $91.52.
The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $1.08 dividend on an annualized basis and a yield of 1.00%. This is an increase from CBOE Holdings’s previous quarterly dividend of $0.25. CBOE Holdings’s dividend payout ratio is currently 59.67%.
In other CBOE Holdings news, Director Carole E. Stone sold 1,520 shares of the firm’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 sale, the director now owns 14,241 shares of the company’s stock, valued at approximately $1,383,370.74. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Christopher Mitchell sold 200,000 shares of the firm’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $97.65, for a total value of $19,530,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 214,240 shares of company stock worth $20,981,248. Company insiders own 1.86% of the company’s stock.
Several hedge funds have recently modified their holdings of CBOE. Strs Ohio acquired a new stake in shares of CBOE Holdings in the 2nd quarter valued at $120,000. Bronfman E.L. Rothschild L.P. boosted its holdings in shares of 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 purchasing an additional 20 shares in the last quarter. Royce & Associates LP acquired a new stake in shares of CBOE Holdings in the 1st quarter valued at $180,000. Huntington National Bank acquired a new stake in shares of CBOE Holdings in the 2nd quarter valued at $182,000. Finally, Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of CBOE Holdings in the 2nd quarter valued at $183,000. 82.45% of the stock is currently owned by hedge funds and other institutional investors.
About CBOE Holdings
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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