CME Group Inc. (CME) Issues Quarterly Earnings Results
CME Group Inc. (NASDAQ:CME) announced its earnings results on Thursday. The financial services provider reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.03, Bloomberg Earnings reports. CME Group had a net margin of 46.05% and a return on equity of 7.61%. The company had revenue of $890.80 million for the quarter, compared to the consensus estimate of $890.22 million. During the same period in the previous year, the business earned $1.05 EPS. The company’s revenue was up 5.8% on a year-over-year basis.
Shares of CME Group (NASDAQ:CME) traded up 2.07% during midday trading on Thursday, reaching $136.62. 1,354,776 shares of the company were exchanged. CME Group has a 52-week low of $98.95 and a 52-week high of $138.49. The stock has a 50-day moving average price of $134.16 and a 200 day moving average price of $124.90. The company has a market capitalization of $46.44 billion, a P/E ratio of 27.89 and a beta of 0.73.
CME has been the topic of several recent analyst reports. Deutsche Bank AG cut their target price on shares of CME Group from $139.00 to $136.00 and set a “buy” rating on the stock in a research note on Tuesday, July 4th. Jefferies Group LLC reissued a “buy” rating and set a $128.00 target price on shares of CME Group in a research note on Monday, July 10th. Zacks Investment Research downgraded shares of CME Group from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Citigroup Inc initiated coverage on shares of CME Group in a research note on Wednesday, July 12th. They set a “buy” rating and a $140.00 target price on the stock. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $127.00 target price on shares of CME Group in a research note on Friday, July 14th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company’s stock. CME Group presently has an average rating of “Hold” and an average price target of $138.89.
COPYRIGHT VIOLATION NOTICE: “CME Group Inc. (CME) Issues Quarterly Earnings Results” was reported by American Banking News and is the property of of American Banking News. If you are accessing this story on another website, it was illegally copied and republished in violation of US & international copyright & trademark laws. The legal version of this story can be accessed at https://www.americanbankingnews.com/2017/10/26/cme-group-inc-cme-issues-quarterly-earnings-results.html.
About CME Group
CME Group Inc, through its exchanges, provides products across all asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural products and metals. The Company’s segment primarily consists of the Chicago Mercantile Exchange Inc (CME), Board of Trade of the City of Chicago, Inc (CBOT), New York Mercantile Exchange, Inc (NYMEX) and Commodity Exchange, Inc (COMEX) exchanges.
Receive News & Ratings for CME Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CME Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.