Nasdaq Inc (NDAQ) Expected to Announce Quarterly Sales of $627.93 Million

Wall Street brokerages expect that Nasdaq Inc (NASDAQ:NDAQ) will report sales of $627.93 million for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Nasdaq’s earnings. The highest sales estimate is $636.00 million and the lowest is $616.72 million. Nasdaq reported sales of $599.00 million during the same quarter last year, which indicates a positive year-over-year growth rate of 4.8%. The firm is expected to report its next earnings report before the market opens on Wednesday, January 31st.

According to Zacks, analysts expect that Nasdaq will report full-year sales of $627.93 million for the current year, with estimates ranging from $2.41 billion to $2.43 billion. For the next fiscal year, analysts anticipate that the company will post sales of $2.58 billion per share, with estimates ranging from $2.55 billion to $2.61 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover Nasdaq.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $1.06 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.04. The business had revenue of $607.00 million for the quarter, compared to analyst estimates of $599.84 million. Nasdaq had a return on equity of 12.69% and a net margin of 6.72%. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.91 earnings per share.

NDAQ has been the topic of a number of analyst reports. UBS Group reaffirmed a “buy” rating and set a $89.00 price objective (up previously from $83.00) on shares of Nasdaq in a research note on Monday, December 11th. ValuEngine raised Nasdaq from a “hold” rating to a “buy” rating in a research note on Wednesday, November 15th. Zacks Investment Research raised Nasdaq from a “hold” rating to a “buy” rating and set a $90.00 price objective on the stock in a research note on Wednesday, January 10th. BidaskClub raised Nasdaq from a “hold” rating to a “buy” rating in a research note on Friday, January 12th. Finally, Royal Bank of Canada set a $78.00 price objective on Nasdaq and gave the company a “hold” rating in a research note on Monday, October 16th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $81.23.

Shares of Nasdaq (NASDAQ:NDAQ) opened at $80.07 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.15 and a current ratio of 1.15. The company has a market capitalization of $13,269.85, a price-to-earnings ratio of 52.68, a P/E/G ratio of 1.68 and a beta of 0.79. Nasdaq has a 52 week low of $65.98 and a 52 week high of $82.15.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 15th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $1.52 annualized dividend and a yield of 1.90%. Nasdaq’s dividend payout ratio (DPR) is presently 100.00%.

In related news, EVP Pc Nelson Griggs sold 2,064 shares of the stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $76.58, for a total transaction of $158,061.12. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Bradley J. Peterson sold 19,169 shares of the stock in a transaction dated 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 owns 32,214 shares in the company, valued at $2,599,669.80. The disclosure for this sale can be found here. Insiders have sold 22,629 shares of company stock worth $1,809,309 over the last quarter. 1.60% of the stock is currently owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the company. Kornitzer Capital Management Inc. KS raised its holdings in shares of Nasdaq by 2.7% in the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 334,786 shares of the financial services provider’s stock worth $25,969,000 after purchasing an additional 8,695 shares during the period. M&T Bank Corp raised its holdings in shares of Nasdaq by 2.9% in the 2nd quarter. M&T Bank Corp now owns 15,246 shares of the financial services provider’s stock worth $1,090,000 after purchasing an additional 431 shares during the period. TIAA CREF Investment Management LLC raised its holdings in shares of Nasdaq by 1.5% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 404,761 shares of the financial services provider’s stock worth $28,936,000 after purchasing an additional 5,861 shares during the period. Sapience Investments LLC purchased a new position in shares of Nasdaq in the 2nd quarter worth about $1,358,000. Finally, Ontario Teachers Pension Plan Board raised its holdings in shares of Nasdaq by 8.8% in the 2nd quarter. Ontario Teachers Pension Plan Board now owns 94,316 shares of the financial services provider’s stock worth $6,743,000 after purchasing an additional 7,656 shares during the period. Institutional investors own 75.97% of the company’s stock.

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About Nasdaq

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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