Nasdaq, Inc. (NDAQ) Expected to Post Earnings of $1.02 Per Share
Wall Street analysts expect that Nasdaq, Inc. (NASDAQ:NDAQ) will announce $1.02 earnings per share for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Nasdaq’s earnings. The highest EPS estimate is $1.03 and the lowest is $1.01. Nasdaq reported earnings per share of $0.91 during the same quarter last year, which would indicate a positive year over year growth rate of 12.1%. The company is scheduled to issue its next quarterly earnings report before the market opens on Wednesday, October 25th.
On average, analysts expect that Nasdaq will report full-year earnings of $4.16 per share for the current fiscal year, with EPS estimates ranging from $4.16 to $4.17. For the next fiscal year, analysts forecast that the firm will report earnings of $4.51 per share, with EPS estimates ranging from $4.45 to $4.64. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that cover Nasdaq.
Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.06. Nasdaq had a net margin of 5.76% and a return on equity of 12.19%. The company had revenue of $602.00 million for the quarter, compared to analysts’ expectations of $596.55 million. During the same quarter in the previous year, the business posted $0.91 earnings per share. Nasdaq’s quarterly revenue was up 7.7% on a year-over-year basis.
NDAQ has been the topic of a number of research reports. UBS AG restated a “buy” rating and issued a $85.00 price objective (up previously from $80.00) on shares of Nasdaq in a report on Thursday, July 27th. BidaskClub upgraded Nasdaq from a “hold” rating to a “buy” rating in a report on Friday, August 4th. Keefe, Bruyette & Woods set a $76.00 price objective on Nasdaq and gave the company a “hold” rating in a report on Thursday, August 17th. Royal Bank Of Canada restated a “hold” rating and issued a $76.00 price objective on shares of Nasdaq in a report on Monday, September 11th. Finally, Zacks Investment Research upgraded Nasdaq from a “sell” rating to a “hold” rating in a report on Monday, July 17th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $77.50.
In other news, insider Edward S. Knight sold 14,629 shares of Nasdaq stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $76.74, for a total value of $1,122,629.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Lars Wedenborn sold 3,045 shares of Nasdaq stock in a transaction dated Friday, August 18th. The shares were sold at an average price of $76.13, for a total value of $231,815.85. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 36,844 shares of company stock valued at $2,788,100. 1.60% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently made changes to their positions in the company. YorkBridge Wealth Partners LLC boosted its stake in shares of Nasdaq by 13.9% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,454 shares of the financial services provider’s stock valued at $104,000 after buying an additional 178 shares during the period. Pacer Advisors Inc. boosted its stake in shares of Nasdaq by 8.6% in the 2nd quarter. Pacer Advisors Inc. now owns 2,568 shares of the financial services provider’s stock valued at $184,000 after buying an additional 203 shares during the period. MML Investors Services LLC purchased a new position in shares of Nasdaq in the 2nd quarter valued at about $201,000. IFP Advisors Inc boosted its stake in shares of Nasdaq by 9.4% in the 2nd quarter. IFP Advisors Inc now owns 2,837 shares of the financial services provider’s stock valued at $203,000 after buying an additional 243 shares during the period. Finally, Advisor Partners LLC purchased a new position in shares of Nasdaq in the 2nd quarter valued at about $214,000. Institutional investors and hedge funds own 74.44% of the company’s stock.
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Shares of Nasdaq (NDAQ) traded down 0.062% during midday trading on Friday, reaching $72.895. 653,627 shares of the company traded hands. The firm has a market capitalization of $12.16 billion, a PE ratio of 55.391 and a beta of 0.77. Nasdaq has a 1-year low of $63.30 and a 1-year high of $78.31. The stock has a 50 day moving average price of $75.49 and a 200 day moving average price of $72.12.
The company also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 2.08%. The ex-dividend date was Thursday, September 14th. Nasdaq’s dividend payout ratio is currently 118.75%.
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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