Cboe Global Markets Inc (CBOE) Expected to Post Earnings of $0.88 Per Share

Equities research analysts expect that Cboe Global Markets Inc (NASDAQ:CBOE) will post earnings per share of $0.88 for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Cboe Global Markets’ earnings, with the highest EPS estimate coming in at $0.90 and the lowest estimate coming in at $0.87. Cboe Global Markets posted earnings of $0.63 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 39.7%. The business is expected to issue its next quarterly earnings report before the market opens on Friday, February 9th.

According to Zacks, analysts expect that Cboe Global Markets will report full-year earnings of $3.43 per share for the current financial year, with EPS estimates ranging from $3.41 to $3.46. For the next financial year, analysts expect that the company will report earnings of $4.75 per share, with EPS estimates ranging from $4.63 to $4.99. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow 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, beating the consensus estimate of $0.88 by $0.01. Cboe Global Markets had a net margin of 10.55% and a return on equity of 14.70%. The firm had revenue of $269.70 million during the quarter, compared to analysts’ expectations of $270.14 million. During the same period in the previous year, the company earned $0.72 earnings per share. The firm’s quarterly revenue was up 98.0% on a year-over-year basis.

A number of analysts have commented on the stock. BidaskClub cut shares of Cboe Global Markets from a “buy” rating to a “hold” rating in a report on Tuesday. Royal Bank of Canada cut shares of Cboe Global Markets from an “outperform” rating to a “sector perform” rating and upped their target price for the company from $100.00 to $108.00 in a report on Monday, October 16th. Wells Fargo & Co upped their target price on shares of Cboe Global Markets from $4.75 to $138.00 and gave the company an “outperform” rating in a report on Friday, January 5th. Jefferies Group reaffirmed a “hold” rating and set a $92.00 target price on shares of Cboe Global Markets in a report on Tuesday, October 3rd. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $108.00 target price on shares of Cboe Global Markets in a report on Thursday, October 12th. Eight analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $114.10.

In other Cboe Global Markets news, Director Christopher Mitchell sold 670 shares of the company’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $120.89, for a total value of $80,996.30. Following the completion of the transaction, the director now directly owns 8,808 shares in the company, valued at $1,064,799.12. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Edward T. Tilly sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $126.28, for a total transaction of $631,400.00. Following the completion of the transaction, the chairman now owns 70,611 shares of the company’s stock, valued at $8,916,757.08. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,989 shares of company stock valued at $1,622,840. 1.86% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently bought and sold shares of CBOE. Franklin Resources Inc. bought a new position in shares of Cboe Global Markets in the second quarter worth approximately $4,677,000. Alliancebernstein L.P. boosted its position in shares of Cboe Global Markets by 12.7% during the second quarter. Alliancebernstein L.P. now owns 162,534 shares of the financial services provider’s stock worth $14,856,000 after acquiring an additional 18,361 shares during the last quarter. Riverhead Capital Management LLC boosted its position in shares of Cboe Global Markets by 297.2% during the second quarter. Riverhead Capital Management LLC now owns 3,575 shares of the financial services provider’s stock worth $327,000 after acquiring an additional 2,675 shares during the last quarter. Teachers Advisors LLC boosted its position in shares of Cboe Global Markets by 30.0% during the second quarter. Teachers Advisors LLC now owns 133,160 shares of the financial services provider’s stock worth $12,171,000 after acquiring an additional 30,716 shares during the last quarter. Finally, TIAA CREF Investment Management LLC boosted its position in shares of Cboe Global Markets by 39.9% during the second quarter. TIAA CREF Investment Management LLC now owns 389,962 shares of the financial services provider’s stock worth $35,643,000 after acquiring an additional 111,252 shares during the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Shares of Cboe Global Markets (NASDAQ CBOE) traded up $0.97 during mid-day trading on Friday, reaching $133.88. 885,343 shares of the company’s stock were exchanged, compared to its average volume of 1,110,000. Cboe Global Markets has a twelve month low of $75.60 and a twelve month high of $134.15. The stock has a market capitalization of $15,210.00, a PE ratio of 72.37, a P/E/G ratio of 1.42 and a beta of 0.52. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.46.

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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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