Zacks: Brokerages Expect Nasdaq Inc (NDAQ) to Post $1.00 Earnings Per Share
Equities research analysts forecast that Nasdaq Inc (NASDAQ:NDAQ) will post earnings per share (EPS) of $1.00 for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Nasdaq’s earnings, with estimates ranging from $0.99 to $1.01. Nasdaq posted earnings per share of $0.95 in the same quarter last year, which would suggest a positive year over year growth rate of 5.3%. The company is expected to report its next earnings results before the market opens on Wednesday, January 31st.
According to Zacks, analysts expect that Nasdaq will report full year earnings of $4.19 per share for the current fiscal year, with EPS estimates ranging from $4.18 to $4.20. For the next year, analysts anticipate that the business will post earnings of $4.85 per share, with EPS estimates ranging from $4.59 to $5.04. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that follow Nasdaq.
Nasdaq (NASDAQ:NDAQ) last issued its earnings results on Wednesday, October 25th. The financial services provider reported $1.06 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.04. Nasdaq had a return on equity of 12.69% and a net margin of 6.72%. The company had revenue of $607.00 million during the quarter, compared to the consensus estimate of $599.84 million. During the same quarter in the prior year, the business earned $0.91 earnings per share. The company’s revenue was up 3.8% compared to the same quarter last year.
Shares of Nasdaq (NDAQ) traded up $0.04 during midday trading on Thursday, hitting $80.46. The stock had a trading volume of 681,100 shares, compared to its average volume of 862,636. Nasdaq has a 52 week low of $65.98 and a 52 week high of $82.15. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.15 and a quick ratio of 1.15. The stock has a market capitalization of $13,290.00, a P/E ratio of 53.28, a price-to-earnings-growth ratio of 1.74 and a beta of 0.79.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 15th were issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date of this dividend was Thursday, December 14th. Nasdaq’s dividend payout ratio is currently 100.66%.
In other Nasdaq news, insider Pc Nelson Griggs sold 1,396 shares of the stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $74.72, for a total transaction of $104,309.12. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Bradley J. Peterson sold 19,169 shares of the stock in a transaction that occurred on Friday, January 12th. The stock was sold at an average price of $80.70, for a total value of $1,546,938.30. Following the transaction, the insider now directly owns 32,214 shares in the company, valued at approximately $2,599,669.80. The disclosure for this sale can be found here. Insiders sold 22,629 shares of company stock valued at $1,809,309 in the last three months. 1.60% of the stock is currently owned by company insiders.
A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in Nasdaq by 1.8% during the 2nd quarter. Vanguard Group Inc. now owns 11,470,748 shares of the financial services provider’s stock worth $820,043,000 after buying an additional 208,253 shares during the last quarter. Bessemer Group Inc. lifted its holdings in Nasdaq by 2.9% during the 3rd quarter. Bessemer Group Inc. now owns 2,400,450 shares of the financial services provider’s stock worth $186,204,000 after buying an additional 67,975 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Nasdaq by 7.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,210,659 shares of the financial services provider’s stock worth $171,614,000 after buying an additional 151,864 shares during the last quarter. Frontier Capital Management Co. LLC lifted its holdings in Nasdaq by 1.3% during the 3rd quarter. Frontier Capital Management Co. LLC now owns 1,249,927 shares of the financial services provider’s stock worth $96,957,000 after buying an additional 16,264 shares during the last quarter. Finally, Cramer Rosenthal Mcglynn LLC raised its position in shares of Nasdaq by 14.8% during the 2nd quarter. Cramer Rosenthal Mcglynn LLC now owns 867,163 shares of the financial services provider’s stock worth $61,993,000 after purchasing an additional 111,875 shares during the period. 75.97% of the stock is currently owned by institutional investors.
Nasdaq Company Profile
Nasdaq, Inc (Nasdaq) is a holding company. The Company is a provider of trading, clearing, exchange technology, regulatory, securities listing, information and public company services. It manages, operates and provides its products and services through four segments: Market Services, Corporate Services, Information Services and Market Technology.
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