$270.63 Million in Sales Expected for Cboe Global Markets Inc (CBOE) This Quarter
Wall Street brokerages forecast that Cboe Global Markets Inc (NASDAQ:CBOE) will announce sales of $270.63 million for the current quarter, according to Zacks. Four analysts have provided estimates for Cboe Global Markets’ earnings. The lowest sales estimate is $269.00 million and the highest is $271.90 million. Cboe Global Markets reported sales of $156.21 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 73.2%. The company is scheduled to report its next quarterly earnings report before the market opens on Tuesday, November 7th.
On average, analysts expect that Cboe Global Markets will report full year sales of $270.63 million for the current financial year, with estimates ranging from $997.00 million to $1.00 billion. For the next fiscal year, analysts anticipate that the company will report sales of $1.14 billion per share, with estimates ranging from $1.12 billion to $1.15 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Cboe Global Markets.
Cboe Global Markets (NASDAQ:CBOE) last released its earnings results on Friday, August 4th. The financial services provider reported $0.87 EPS for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.01. Cboe Global Markets had a return on equity of 9.71% and a net margin of 10.61%. 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 previous year, the company posted $0.60 earnings per share. The company’s revenue was up 85.2% compared to the same quarter last year.
A number of research analysts recently issued reports on the company. Citigroup Inc. raised their price target on Cboe Global Markets from $93.00 to $115.00 and gave the stock a “neutral” rating in a research note on Thursday, October 19th. Royal Bank Of Canada downgraded Cboe Global Markets from an “outperform” rating to a “sector perform” rating and raised their price target for the stock from $100.00 to $108.00 in a research note on Monday, October 16th. Keefe, Bruyette & Woods restated a “hold” rating and set a $108.00 price target on shares of Cboe Global Markets in a research note on Thursday, October 12th. Zacks Investment Research upgraded Cboe Global Markets from a “hold” rating to a “buy” rating and set a $121.00 price target on the stock in a research note on Monday, October 9th. Finally, Bank of America Corporation raised their price target on Cboe Global Markets from $113.00 to $120.00 and gave the stock a “buy” rating in a research note on Monday, October 9th. Seven investment 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. The company currently has a consensus rating of “Buy” and a consensus price target of $103.64.
Shares of Cboe Global Markets (CBOE) opened at 110.69 on Tuesday. The company’s 50 day moving average price is $107.17 and its 200-day moving average price is $94.25. The firm has a market cap of $12.48 billion, a P/E ratio of 60.52 and a beta of 0.50. Cboe Global Markets has a 12-month low of $61.58 and a 12-month high of $111.04.
TRADEMARK VIOLATION NOTICE: “$270.63 Million in Sales Expected for Cboe Global Markets Inc (CBOE) This Quarter” was published by American Banking News and is the sole property of of American Banking News. If you are viewing this article on another website, it was stolen and republished in violation of U.S. & international copyright and trademark legislation. The legal version of this article can be accessed at https://www.americanbankingnews.com/2017/10/24/270-63-million-in-sales-expected-for-cboe-global-markets-inc-cboe-this-quarter.html.
In other Cboe Global Markets news, Director Carole E. Stone sold 1,520 shares of Cboe Global Markets stock in a transaction that occurred 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 transaction, the director now directly owns 14,241 shares in the company, valued at approximately $1,383,370.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Frank E. Jr. English sold 700 shares of Cboe Global Markets stock in a transaction that occurred 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 in the company, valued at $449,549.26. The disclosure for this sale can be found here. Insiders sold a total of 218,240 shares of company stock worth $21,417,728 over the last quarter. Company insiders own 1.86% of the company’s stock.
Several hedge funds have recently made changes to their positions in CBOE. UBS Asset Management Americas Inc. grew its stake in shares of Cboe Global Markets by 40.3% in the 1st quarter. UBS Asset Management Americas Inc. now owns 106,212 shares of the financial services provider’s stock valued at $8,611,000 after purchasing an additional 30,484 shares during the last quarter. Teachers Advisors LLC grew its stake in shares of Cboe Global Markets by 29.1% in the 1st quarter. Teachers Advisors LLC now owns 102,444 shares of the financial services provider’s stock valued at $8,305,000 after purchasing an additional 23,074 shares during the last quarter. Royce & Associates LP purchased a new position in shares of Cboe Global Markets in the 1st quarter valued at approximately $180,000. Legal & General Group Plc grew its stake in shares of Cboe Global Markets by 98.8% in the 1st quarter. Legal & General Group Plc now owns 49,395 shares of the financial services provider’s stock valued at $4,005,000 after purchasing an additional 24,544 shares during the last quarter. Finally, MARSHALL WACE ASIA Ltd purchased a new position in shares of Cboe Global Markets in the 1st quarter valued at approximately $256,000. Institutional investors own 82.29% of the company’s stock.
About Cboe Global Markets
Cboe Global Markets, Inc, formerly 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).
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Cboe Global Markets Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cboe Global Markets Inc and related companies with MarketBeat.com's FREE daily email newsletter.