CBOE Holdings, Inc. (CBOE) Scheduled to Post Quarterly Earnings on Tuesday
CBOE Holdings, Inc. (NASDAQ:CBOE) is set to issue its quarterly earnings data before the market opens on Tuesday, November 7th. Analysts expect the company to announce earnings of $0.86 per share for the quarter.
CBOE Holdings (NASDAQ:CBOE) last announced its earnings results on Friday, August 4th. The financial services provider reported $0.87 earnings per share 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 the consensus estimate of $266.22 million. During the same quarter in the prior year, the company earned $0.60 EPS. The firm’s revenue for the quarter was up 85.2% compared to the same quarter last year. On average, analysts expect CBOE Holdings to post $3.44 EPS for the current fiscal year and $3.99 EPS for the next fiscal year.
Shares of CBOE Holdings, Inc. (NASDAQ CBOE) opened at 112.30 on Tuesday. The company has a market cap of $12.66 billion, a P/E ratio of 61.40 and a beta of 0.49. The company’s 50-day moving average price is $108.11 and its 200 day moving average price is $95.33. CBOE Holdings, Inc. has a 52 week low of $62.58 and a 52 week high of $112.73.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date of this dividend is Thursday, November 30th. CBOE Holdings’s dividend payout ratio (DPR) is presently 59.67%.
In related news, Director Frank E. Jr. English sold 700 shares of the business’s stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of $99.59, for a total value of $69,713.00. Following the completion of the sale, the director now directly owns 4,514 shares in the company, valued at $449,549.26. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Chairman Edward T. Tilly sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $105.52, for a total value of $527,600.00. Following the completion of the sale, the chairman now owns 75,611 shares of the company’s stock, valued at $7,978,472.72. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 218,240 shares of company stock valued at $21,417,728. Corporate insiders own 1.86% of the company’s stock.
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A number of brokerages have weighed in on CBOE. Deutsche Bank AG boosted their price target on CBOE Holdings from $88.00 to $89.00 and gave the stock a “hold” rating in a research report on Monday, August 7th. BidaskClub downgraded CBOE Holdings from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Royal Bank Of Canada downgraded CBOE Holdings from an “outperform” rating to a “sector perform” rating and boosted their price target for the stock from $100.00 to $108.00 in a research report on Monday, October 16th. Jefferies Group LLC reissued a “hold” rating and set a $92.00 price target on shares of CBOE Holdings in a research report on Tuesday, October 3rd. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $108.00 price target on shares of CBOE Holdings in a research report on Thursday, October 12th. Seven analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. CBOE Holdings has an average rating of “Buy” and a consensus price target of $103.64.
About CBOE Holdings
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).
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