CBOE Holdings, Inc. Expected to Earn Q3 2017 Earnings of $0.88 Per Share (CBOE)
CBOE Holdings, Inc. (NASDAQ:CBOE) – Equities researchers at Jefferies Group upped their Q3 2017 earnings per share (EPS) estimates for shares of CBOE Holdings in a report issued on Monday. Jefferies Group analyst D. Fannon now anticipates that the financial services provider will post earnings of $0.88 per share for the quarter, up from their previous forecast of $0.81. Jefferies Group has a “Hold” rating and a $92.00 price objective on the stock. Jefferies Group also issued estimates for CBOE Holdings’ FY2017 earnings at $3.38 EPS, Q1 2018 earnings at $0.96 EPS, Q2 2018 earnings at $0.99 EPS, Q3 2018 earnings at $0.97 EPS, Q4 2018 earnings at $0.95 EPS and FY2018 earnings at $3.87 EPS.
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 the 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 firm had revenue of $266.90 million during the quarter, compared to analysts’ expectations of $266.22 million. During the same period in the prior year, the firm posted $0.60 earnings per share. The business’s quarterly revenue was up 85.2% compared to the same quarter last year. ILLEGAL ACTIVITY NOTICE: “CBOE Holdings, Inc. Expected to Earn Q3 2017 Earnings of $0.88 Per Share (CBOE)” was originally reported by American Banking News and is the property of of American Banking News. If you are viewing this article on another website, it was copied illegally and republished in violation of U.S. & international trademark & copyright laws. The legal version of this article can be accessed at https://www.americanbankingnews.com/2017/10/18/cboe-holdings-inc-expected-to-earn-q3-2017-earnings-of-0-88-per-share-cboe.html.
A number of other brokerages have also commented on CBOE. Royal Bank Of Canada lowered CBOE Holdings from an “outperform” rating to a “sector perform” rating and boosted their price objective for the stock from $100.00 to $108.00 in a report on Monday. Wells Fargo & Company reissued an “outperform” rating and set a $120.00 price objective (up from $106.00) on shares of CBOE Holdings in a report on Thursday, October 5th. They noted that the move was a valuation call. Keefe, Bruyette & Woods reissued a “hold” rating and set a $108.00 price objective on shares of CBOE Holdings in a report on Thursday, October 12th. Zacks Investment Research raised CBOE Holdings from a “hold” rating to a “buy” rating and set a $121.00 price objective for the company in a report on Monday, October 9th. Finally, Bank of America Corporation boosted their price objective on CBOE Holdings from $113.00 to $120.00 and gave the stock a “buy” rating in a report on Monday, October 9th. Seven analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $101.64.
CBOE Holdings (CBOE) opened at 109.53 on Wednesday. CBOE Holdings has a 12 month low of $61.58 and a 12 month high of $110.67. The firm has a market capitalization of $12.35 billion, a PE ratio of 59.89 and a beta of 0.50. The company’s 50-day moving average price is $105.74 and its 200 day moving average price is $92.98.
In other news, Director Carole E. Stone sold 1,520 shares of CBOE Holdings stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 14,241 shares in the company, valued at $1,383,370.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David S. Reynolds sold 4,000 shares of CBOE Holdings stock in a transaction that occurred on Thursday, October 12th. The shares were sold at an average price of $109.12, for a total transaction of $436,480.00. The disclosure for this sale can be found here. Insiders have sold 218,240 shares of company stock valued at $21,417,728 over the last quarter. Company insiders own 1.86% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio lifted its holdings in shares of CBOE Holdings by 5.3% during the first quarter. Public Employees Retirement System of Ohio now owns 87,937 shares of the financial services provider’s stock valued at $7,129,000 after purchasing an additional 4,461 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in shares of CBOE Holdings by 6,258.0% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 349,880 shares of the financial services provider’s stock valued at $31,979,000 after purchasing an additional 344,377 shares during the last quarter. State Street Corp lifted its holdings in shares of CBOE Holdings by 68.2% during the first quarter. State Street Corp now owns 3,510,644 shares of the financial services provider’s stock valued at $284,612,000 after purchasing an additional 1,424,071 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in shares of CBOE Holdings by 3.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 460,966 shares of the financial services provider’s stock valued at $42,133,000 after purchasing an additional 15,956 shares during the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of CBOE Holdings by 135.3% during the second quarter. American Century Companies Inc. now owns 1,258,358 shares of the financial services provider’s stock valued at $115,014,000 after purchasing an additional 723,512 shares during the last quarter. Hedge funds and other institutional investors own 82.29% 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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