Brokerages Expect Cboe Global Markets Inc (CBOE) Will Post Quarterly Sales of $267.10 Million

Wall Street analysts predict that Cboe Global Markets Inc (NASDAQ:CBOE) will announce sales of $267.10 million for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Cboe Global Markets’ earnings. The lowest sales estimate is $266.58 million and the highest is $268.02 million. Cboe Global Markets reported sales of $163.24 million during the same quarter last year, which would suggest a positive year over year growth rate of 63.6%. The business is expected to announce its next earnings results before the market opens on Friday, February 9th.

On average, analysts expect that Cboe Global Markets will report full-year sales of $267.10 million for the current fiscal year, with estimates ranging from $996.80 million to $998.02 million. For the next fiscal year, analysts forecast that the company will post sales of $1.14 billion per share, with estimates ranging from $1.12 billion to $1.16 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that cover Cboe Global Markets.

Cboe Global Markets (NASDAQ:CBOE) last released its quarterly earnings data on Tuesday, November 7th. The financial services provider reported $0.89 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.01. The firm had revenue of $269.70 million for the quarter, compared to analyst estimates of $270.14 million. Cboe Global Markets had a net margin of 10.55% and a return on equity of 14.70%. The business’s quarterly revenue was up 98.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.72 earnings per share.

A number of analysts have recently weighed in on CBOE shares. Bank of America increased their price objective on shares of Cboe Global Markets from $113.00 to $120.00 and gave the stock a “buy” rating in a research note on Monday, October 9th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $108.00 price objective on shares of Cboe Global Markets in a research note on Thursday, October 12th. Zacks Investment Research upgraded shares of Cboe Global Markets from a “hold” rating to a “buy” rating and set a $121.00 price objective on the stock in a research note on Monday, October 9th. Deutsche Bank increased their price objective on shares of Cboe Global Markets from $106.00 to $108.00 and gave the stock a “hold” rating in a research note on Wednesday, November 8th. Finally, Citigroup increased their price objective on shares of Cboe Global Markets from $93.00 to $115.00 and gave the stock a “neutral” rating in a research note on Thursday, October 19th. Eight research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $111.50.

Shares of Cboe Global Markets (CBOE) opened at $127.60 on Friday. The firm has a market cap of $14,800.00, a price-to-earnings ratio of 68.97, a PEG ratio of 1.77 and a beta of 0.52. Cboe Global Markets has a 52 week low of $72.64 and a 52 week high of $128.32. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.46.

The company also recently declared a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were given a dividend of $0.27 per share. The ex-dividend date was Thursday, November 30th. This represents a $1.08 annualized dividend and a yield of 0.85%. Cboe Global Markets’s dividend payout ratio is presently 58.38%.

In other Cboe Global Markets news, Director Frank E. Jr. English sold 300 shares of the stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $123.80, for a total transaction of $37,140.00. Following the transaction, the director now directly owns 4,214 shares of the company’s stock, valued at $521,693.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider David S. Reynolds sold 4,000 shares of the stock in a transaction on Thursday, October 12th. The shares were sold at an average price of $109.12, for a total transaction of $436,480.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 16,989 shares of company stock worth $2,059,320. 1.86% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of CBOE. Vanguard Group Inc. lifted its holdings in Cboe Global Markets by 23.8% during the second quarter. Vanguard Group Inc. now owns 9,823,514 shares of the financial services provider’s stock valued at $897,869,000 after purchasing an additional 1,886,113 shares in the last quarter. FMR LLC lifted its holdings in Cboe Global Markets by 16.1% during the second quarter. FMR LLC now owns 10,979,841 shares of the financial services provider’s stock valued at $1,003,557,000 after purchasing an additional 1,519,882 shares in the last quarter. BlackRock Inc. lifted its holdings in Cboe Global Markets by 30.7% during the second quarter. BlackRock Inc. now owns 6,411,674 shares of the financial services provider’s stock valued at $586,026,000 after purchasing an additional 1,507,072 shares in the last quarter. BT Investment Management Ltd purchased a new position in Cboe Global Markets during the second quarter valued at $108,155,000. Finally, State Street Corp lifted its stake in shares of Cboe Global Markets by 17.2% in the second quarter. State Street Corp now owns 4,114,972 shares of the financial services provider’s stock worth $376,120,000 after buying an additional 604,328 shares in the last quarter. 83.65% of the stock is currently owned by institutional investors and hedge funds.

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About Cboe Global Markets

Cboe Global Markets, Inc, formerly CBOE Holdings, Inc, is a holding company. The Company provides trading and investment solutions to investors around the world. It offers trading across a diverse range of products in multiple asset classes and geographies, including options, futures, United States and European equities, exchange-traded products (ETPs), global foreign exchange (FX) and multi-asset volatility products based on the Cboe Volatility Index (VIX Index).

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