Analysts expect that MarketAxess Holdings Inc. (NASDAQ:MKTX) will post $115.95 million in sales for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for MarketAxess’ earnings. The lowest sales estimate is $113.00 million and the highest is $118.90 million. MarketAxess posted sales of $103.89 million in the same quarter last year, which suggests a positive year over year growth rate of 11.6%. The firm is scheduled to report its next quarterly earnings report on Wednesday, April 25th.
On average, analysts expect that MarketAxess will report full year sales of $115.95 million for the current financial year, with estimates ranging from $455.00 million to $455.60 million. For the next fiscal year, analysts anticipate that the business will post sales of $524.15 million per share, with estimates ranging from $511.70 million to $536.60 million. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for MarketAxess.
MarketAxess (NASDAQ:MKTX) last issued its quarterly earnings data on Wednesday, January 31st. The financial services provider reported $0.89 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.01. The firm had revenue of $99.57 million during the quarter, compared to analyst estimates of $98.70 million. MarketAxess had a return on equity of 29.54% and a net margin of 37.26%.
MarketAxess (NASDAQ:MKTX) opened at $223.15 on Tuesday. The firm has a market capitalization of $8,250.00, a PE ratio of 53.13 and a beta of 0.57. MarketAxess has a 12-month low of $171.45 and a 12-month high of $223.62.
The business also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Wednesday, February 14th were given a $0.42 dividend. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $1.68 annualized dividend and a yield of 0.75%. This is a positive change from MarketAxess’s previous quarterly dividend of $0.20. MarketAxess’s dividend payout ratio (DPR) is currently 40.00%.
In related news, CEO Richard M. Mcvey sold 35,000 shares of MarketAxess stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $190.61, for a total value of $6,671,350.00. Following the completion of the transaction, the chief executive officer now owns 1,115,767 shares in the company, valued at $212,676,347.87. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Nicholas Themelis sold 5,400 shares of MarketAxess stock in a transaction dated Friday, March 9th. The stock was sold at an average price of $218.11, for a total value of $1,177,794.00. Following the completion of the transaction, the insider now owns 57,927 shares of the company’s stock, valued at approximately $12,634,457.97. The disclosure for this sale can be found here. In the last quarter, insiders sold 52,625 shares of company stock valued at $10,290,970. 4.02% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Trexquant Investment LP purchased a new position in MarketAxess in the third quarter worth about $594,000. Eagle Asset Management Inc. grew its position in MarketAxess by 10.7% in the fourth quarter. Eagle Asset Management Inc. now owns 195,404 shares of the financial services provider’s stock worth $39,306,000 after acquiring an additional 18,952 shares in the last quarter. Canada Pension Plan Investment Board grew its position in MarketAxess by 20.2% in the third quarter. Canada Pension Plan Investment Board now owns 11,900 shares of the financial services provider’s stock worth $2,196,000 after acquiring an additional 2,000 shares in the last quarter. Jane Street Group LLC grew its position in MarketAxess by 39.3% in the third quarter. Jane Street Group LLC now owns 3,292 shares of the financial services provider’s stock worth $607,000 after acquiring an additional 929 shares in the last quarter. Finally, Atlantic Trust Group LLC purchased a new position in MarketAxess in the third quarter worth about $75,376,000. Institutional investors own 99.82% of the company’s stock.
MarketAxess Company Profile
MarketAxess Holdings Inc operates an electronic trading platform that enables fixed-income market participants to trade corporate bonds and other types of fixed-income instruments using its trading technology. Institutional investor and broker-dealer firms are users of trading platform, accessing global liquidity in the United States corporate bonds, emerging markets and high-yield bonds, European bonds, the United States agency bonds, municipal bonds, credit default swaps and other fixed-income securities.
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