Brokerages predict that Cboe Global Markets Inc (NASDAQ:CBOE) will report $1.19 earnings per share for the current quarter, Zacks reports. Four analysts have issued estimates for Cboe Global Markets’ earnings, with the highest EPS estimate coming in at $1.30 and the lowest estimate coming in at $1.05. Cboe Global Markets reported earnings per share of $0.78 in the same quarter last year, which would suggest a positive year-over-year growth rate of 52.6%. The firm is scheduled to announce its next earnings report on Tuesday, May 8th.
On average, analysts expect that Cboe Global Markets will report full-year earnings of $4.64 per share for the current financial year, with EPS estimates ranging from $4.45 to $4.92. For the next year, analysts forecast that the company will post earnings of $5.13 per share, with EPS estimates ranging from $4.95 to $5.41. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that follow Cboe Global Markets.
Cboe Global Markets (NASDAQ:CBOE) last posted its quarterly earnings results on Friday, February 9th. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.88 by ($0.01). Cboe Global Markets had a net margin of 17.80% and a return on equity of 12.74%. The firm had revenue of $265.60 million for the quarter, compared to analyst estimates of $267.25 million. During the same period in the prior year, the company posted $0.63 earnings per share. The business’s revenue was up 85.7% on a year-over-year basis.
Several large investors have recently added to or reduced their stakes in CBOE. Nationwide Fund Advisors grew its stake in shares of Cboe Global Markets by 6.1% in the third quarter. Nationwide Fund Advisors now owns 104,250 shares of the financial services provider’s stock worth $11,220,000 after purchasing an additional 6,036 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in shares of Cboe Global Markets by 90.4% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 14,282 shares of the financial services provider’s stock worth $1,537,000 after purchasing an additional 6,780 shares in the last quarter. Canada Pension Plan Investment Board bought a new position in shares of Cboe Global Markets in the third quarter worth $4,671,000. State of Wisconsin Investment Board grew its stake in shares of Cboe Global Markets by 8.2% in the third quarter. State of Wisconsin Investment Board now owns 95,227 shares of the financial services provider’s stock worth $10,249,000 after purchasing an additional 7,178 shares in the last quarter. Finally, Prudential Financial Inc. grew its stake in shares of Cboe Global Markets by 10.8% in the third quarter. Prudential Financial Inc. now owns 141,193 shares of the financial services provider’s stock worth $15,197,000 after purchasing an additional 13,761 shares in the last quarter. 84.03% of the stock is owned by institutional investors.
Shares of Cboe Global Markets (NASDAQ:CBOE) traded down $0.72 during midday trading on Monday, reaching $123.82. The company’s stock had a trading volume of 1,250,000 shares, compared to its average volume of 2,190,000. Cboe Global Markets has a 1 year low of $78.31 and a 1 year high of $138.54. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.30 and a quick ratio of 1.30. The firm has a market capitalization of $14,050.00, a price-to-earnings ratio of 66.57, a PEG ratio of 1.53 and a beta of 0.63.
Cboe Global Markets declared that its board has initiated a stock buyback program on Tuesday, February 27th that allows the company to repurchase $150.00 million in shares. This repurchase authorization allows the financial services provider to buy shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s board believes its stock is undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Friday, March 2nd will be paid a $0.27 dividend. The ex-dividend date of this dividend is Thursday, March 1st. This represents a $1.08 annualized dividend and a dividend yield of 0.87%. Cboe Global Markets’s payout ratio is 58.06%.
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Cboe Global Markets Company Profile
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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