Analysts expect that Nasdaq Inc (NASDAQ:NDAQ) will announce $621.21 million in sales for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Nasdaq’s earnings. The highest sales estimate is $622.84 million and the lowest is $620.00 million. Nasdaq reported sales of $635.00 million in the same quarter last year, which indicates a negative year-over-year growth rate of 2.2%. The firm is scheduled to announce its next earnings results on Wednesday, January 30th.
On average, analysts expect that Nasdaq will report full year sales of $2.50 billion for the current financial year, with estimates ranging from $2.50 billion to $2.51 billion. For the next fiscal year, analysts forecast that the company will report sales of $2.57 billion, with estimates ranging from $2.56 billion to $2.58 billion. Zacks’ sales calculations are an average based on a survey of analysts that follow Nasdaq.
Nasdaq (NASDAQ:NDAQ) last announced its earnings results on Wednesday, October 24th. The financial services provider reported $1.15 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.01. The business had revenue of $600.00 million for the quarter, compared to analysts’ expectations of $605.67 million. Nasdaq had a net margin of 17.95% and a return on equity of 13.69%. The company’s quarterly revenue was down .5% on a year-over-year basis. During the same period in the previous year, the company posted $1.01 EPS.
A number of equities analysts have recently commented on the stock. BidaskClub cut shares of Nasdaq from a “sell” rating to a “strong sell” rating in a report on Tuesday, October 16th. Citigroup cut their target price on shares of Nasdaq from $93.00 to $88.00 and set a “neutral” rating on the stock in a report on Thursday, October 25th. Zacks Investment Research raised shares of Nasdaq from a “sell” rating to a “buy” rating and set a $101.00 target price on the stock in a report on Tuesday, September 25th. Rosenblatt Securities started coverage on shares of Nasdaq in a research note on Wednesday, September 5th. They issued a “neutral” rating and a $99.00 price objective on the stock. Finally, Atlantic Securities started coverage on shares of Nasdaq in a research note on Wednesday, November 28th. They issued an “overweight” rating and a $105.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $96.79.
In other Nasdaq news, Director Lars Wedenborn sold 2,500 shares of the business’s stock in a transaction on Wednesday, November 28th. The shares were sold at an average price of $89.94, for a total value of $224,850.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Ann M. Dennison sold 1,553 shares of the business’s stock in a transaction on Monday, October 29th. The shares were sold at an average price of $83.67, for a total transaction of $129,939.51. The disclosure for this sale can be found here. Insiders own 0.40% of the company’s stock.
Several large investors have recently bought and sold shares of the company. CIBC Asset Management Inc grew its stake in shares of Nasdaq by 4.6% during the 2nd quarter. CIBC Asset Management Inc now owns 12,547 shares of the financial services provider’s stock worth $1,145,000 after purchasing an additional 553 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its stake in shares of Nasdaq by 3.8% during the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 15,742 shares of the financial services provider’s stock worth $1,437,000 after purchasing an additional 578 shares during the period. DNB Asset Management AS grew its stake in shares of Nasdaq by 4.3% during the 3rd quarter. DNB Asset Management AS now owns 14,500 shares of the financial services provider’s stock worth $1,244,000 after purchasing an additional 600 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its stake in shares of Nasdaq by 1.9% during the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 37,825 shares of the financial services provider’s stock worth $3,245,000 after purchasing an additional 697 shares during the period. Finally, Highstreet Asset Management Inc. grew its stake in shares of Nasdaq by 14.5% during the 2nd quarter. Highstreet Asset Management Inc. now owns 5,641 shares of the financial services provider’s stock worth $515,000 after purchasing an additional 713 shares during the period. 75.53% of the stock is currently owned by institutional investors and hedge funds.
Shares of Nasdaq stock opened at $87.36 on Friday. The firm has a market capitalization of $14.82 billion, a PE ratio of 21.52, a price-to-earnings-growth ratio of 1.98 and a beta of 0.50. Nasdaq has a 12 month low of $72.98 and a 12 month high of $96.84. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.94 and a current ratio of 0.94.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Friday, December 14th will be paid a $0.44 dividend. The ex-dividend date is Thursday, December 13th. This represents a $1.76 annualized dividend and a yield of 2.01%. Nasdaq’s dividend payout ratio is currently 43.35%.
Nasdaq Company Profile
Nasdaq, Inc provides trading, clearing, marketplace technology, regulatory, securities listing, information, and public and private company services worldwide. The company's Market Services segment offers equity derivative trading and clearing; cash equity trading; fixed income and commodities trading and clearing; and trade management services.
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