Jefferies Group Analysts Reduce Earnings Estimates for Nasdaq, Inc. (NDAQ)
Nasdaq, Inc. (NASDAQ:NDAQ) – Equities research analysts at Jefferies Group lowered their Q1 2018 EPS estimates for Nasdaq in a report released on Monday. Jefferies Group analyst D. Fannon now anticipates that the financial services provider will earn $1.05 per share for the quarter, down from their previous forecast of $1.09. Jefferies Group has a “Hold” rating and a $71.00 price objective on the stock. Jefferies Group also issued estimates for Nasdaq’s Q2 2018 earnings at $1.12 EPS and FY2018 earnings at $4.45 EPS.
Nasdaq (NASDAQ:NDAQ) last announced its earnings results on Wednesday, July 26th. The financial services provider reported $1.02 EPS for the quarter, beating the consensus estimate of $0.96 by $0.06. Nasdaq had a return on equity of 12.19% and a net margin of 5.76%. The business had revenue of $602.00 million during the quarter, compared to the consensus estimate of $596.55 million. During the same period in the prior year, the business posted $0.91 earnings per share. Nasdaq’s revenue was up 7.7% compared to the same quarter last year. COPYRIGHT VIOLATION WARNING: This news story was originally posted by American Banking News and is the sole property of of American Banking News. If you are reading this news story on another domain, it was illegally stolen and republished in violation of U.S. & international copyright legislation. The original version of this news story can be read at https://www.americanbankingnews.com/2017/10/18/jefferies-group-analysts-reduce-earnings-estimates-for-nasdaq-inc-ndaq.html.
Several other research analysts have also issued reports on the company. BidaskClub upgraded Nasdaq from a “sell” rating to a “hold” rating in a research report on Thursday, June 29th. Keefe, Bruyette & Woods set a $76.00 price target on Nasdaq and gave the stock a “hold” rating in a research report on Thursday, August 17th. Royal Bank Of Canada restated a “hold” rating and issued a $76.00 price target on shares of Nasdaq in a research report on Monday, September 11th. Barclays PLC initiated coverage on Nasdaq in a research report on Friday, September 8th. They issued an “overweight” rating and a $85.00 price target on the stock. Finally, Citigroup Inc. initiated coverage on Nasdaq in a research report on Wednesday, July 12th. They issued a “neutral” rating and a $72.00 price target on the stock. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $76.50.
Shares of Nasdaq (NDAQ) traded up 0.13% during midday trading on Wednesday, hitting $74.81. The stock had a trading volume of 256,996 shares. The firm has a market capitalization of $12.48 billion, a PE ratio of 56.85 and a beta of 0.77. Nasdaq has a one year low of $63.30 and a one year high of $78.31. The firm’s 50-day moving average price is $75.64 and its 200-day moving average price is $72.02.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were issued a dividend of $0.38 per share. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $1.52 annualized dividend and a yield of 2.03%. Nasdaq’s dividend payout ratio is presently 118.75%.
In other news, Director Lars Wedenborn sold 3,045 shares of the business’s stock in a transaction dated Friday, August 18th. The stock was sold at an average price of $76.13, for a total value of $231,815.85. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Edward S. Knight sold 14,629 shares of the business’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $76.74, for a total value of $1,122,629.46. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 36,844 shares of company stock worth $2,788,100. Corporate insiders own 1.60% of the company’s stock.
Institutional investors have recently modified their holdings of the company. YorkBridge Wealth Partners LLC lifted its holdings in shares of Nasdaq by 13.9% in the second quarter. YorkBridge Wealth Partners LLC now owns 1,454 shares of the financial services provider’s stock valued at $104,000 after purchasing an additional 178 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in shares of Nasdaq by 8.6% in the second quarter. Pacer Advisors Inc. now owns 2,568 shares of the financial services provider’s stock valued at $184,000 after purchasing an additional 203 shares in the last quarter. MML Investors Services LLC bought a new stake in shares of Nasdaq in the second quarter valued at about $201,000. IFP Advisors Inc lifted its holdings in shares of Nasdaq by 9.4% in the second quarter. IFP Advisors Inc now owns 2,837 shares of the financial services provider’s stock valued at $203,000 after purchasing an additional 243 shares in the last quarter. Finally, Advisor Partners LLC bought a new stake in shares of Nasdaq in the second quarter valued at about $214,000. Institutional investors own 74.44% of the company’s stock.
Nasdaq Company Profile
Nasdaq, Inc (Nasdaq) is a holding company. The Company is a provider of trading, clearing, exchange technology, regulatory, securities listing, information and public company services. It manages, operates and provides its products and services through four segments: Market Services, Corporate Services, Information Services and Market Technology.
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