Jefferies Group Weighs in on CME Group Inc’s Q1 2018 Earnings (CME)

CME Group Inc (NASDAQ:CME) – Jefferies Group issued their Q1 2018 earnings estimates for CME Group in a research note issued on Tuesday. Jefferies Group analyst D. Fannon anticipates that the financial services provider will post earnings per share of $1.49 for the quarter. Jefferies Group also issued estimates for CME Group’s Q2 2018 earnings at $1.59 EPS, Q3 2018 earnings at $1.56 EPS, Q4 2018 earnings at $1.51 EPS, FY2018 earnings at $6.15 EPS and FY2019 earnings at $6.67 EPS.

Several other research analysts also recently issued reports on CME. Citigroup upped their price objective on CME Group from $138.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday, October 19th. BidaskClub downgraded shares of CME Group from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, October 18th. Zacks Investment Research raised shares of CME Group from a “hold” rating to a “buy” rating and set a $164.00 target price for the company in a research report on Tuesday, January 2nd. Keefe, Bruyette & Woods reissued a “hold” rating and set a $133.00 target price on shares of CME Group in a research report on Thursday, September 21st. Finally, Wells Fargo & Co increased their target price on shares of CME Group from $130.00 to $145.00 and gave the company a “market perform” rating in a research report on Wednesday, October 4th. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $144.22.

CME Group (NASDAQ CME) traded down $0.75 during mid-day trading on Thursday, hitting $151.45. 1,469,800 shares of the stock were exchanged, compared to its average volume of 1,192,073. The company has a market capitalization of $51,700.00, a PE ratio of 34.34, a P/E/G ratio of 2.03 and a beta of 0.72. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.05 and a quick ratio of 1.05. CME Group has a 52-week low of $114.82 and a 52-week high of $155.29.

CME Group (NASDAQ:CME) last posted its quarterly earnings data on Thursday, October 26th. The financial services provider reported $1.19 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.16 by $0.03. CME Group had a net margin of 40.94% and a return on equity of 7.89%. The business had revenue of $890.80 million during the quarter, compared to analysts’ expectations of $890.22 million. During the same quarter in the prior year, the business posted $1.05 earnings per share. CME Group’s revenue was up 5.8% compared to the same quarter last year.

The firm also recently declared a dividend, which was paid on Tuesday, January 16th. Shareholders of record on Thursday, December 28th were issued a dividend of $3.50 per share. This is a boost from CME Group’s previous dividend of $3.25. The ex-dividend date of this dividend was Wednesday, December 27th. CME Group’s dividend payout ratio is presently 59.86%.

In other CME Group news, insider Kimberly S. Taylor sold 8,125 shares of the firm’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $150.00, for a total transaction of $1,218,750.00. Following the transaction, the insider now directly owns 120,590 shares in the company, valued at approximately $18,088,500. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Sunil Cutinho sold 2,600 shares of the firm’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $139.57, for a total value of $362,882.00. Following the transaction, the insider now owns 22,301 shares in the company, valued at $3,112,550.57. The disclosure for this sale can be found here. Over the last quarter, insiders sold 42,603 shares of company stock worth $6,250,726. 0.57% of the stock is owned by company insiders.

A number of large investors have recently modified their holdings of the business. ST Germain D J Co. Inc. purchased a new stake in CME Group in the 3rd quarter worth about $232,000. Nippon Life Global Investors Americas Inc. increased its holdings in CME Group by 6.1% in the 3rd quarter. Nippon Life Global Investors Americas Inc. now owns 87,970 shares of the financial services provider’s stock worth $11,935,000 after acquiring an additional 5,080 shares during the last quarter. California Public Employees Retirement System increased its holdings in CME Group by 7.8% in the 3rd quarter. California Public Employees Retirement System now owns 837,382 shares of the financial services provider’s stock worth $113,616,000 after acquiring an additional 60,652 shares during the last quarter. First National Trust Co. increased its holdings in CME Group by 21.8% in the 3rd quarter. First National Trust Co. now owns 16,699 shares of the financial services provider’s stock worth $2,266,000 after acquiring an additional 2,990 shares during the last quarter. Finally, Leavell Investment Management Inc. increased its holdings in CME Group by 2.5% in the 3rd quarter. Leavell Investment Management Inc. now owns 32,435 shares of the financial services provider’s stock worth $4,401,000 after acquiring an additional 800 shares during the last quarter. Institutional investors and hedge funds own 82.78% of the company’s stock.

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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.

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