Equities analysts expect Cboe Global Markets Inc (CBOE:CBOE) to report $287.90 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Cboe Global Markets’ earnings. The highest sales estimate is $306.64 million and the lowest is $279.35 million. Cboe Global Markets posted sales of $283.50 million in the same quarter last year, which suggests a positive year over year growth rate of 1.6%. The business is scheduled to issue its next quarterly earnings report on Friday, August 2nd.
According to Zacks, analysts expect that Cboe Global Markets will report full year sales of $1.15 billion for the current fiscal year, with estimates ranging from $1.13 billion to $1.19 billion. For the next fiscal year, analysts expect that the business will report sales of $1.23 billion, with estimates ranging from $1.19 billion to $1.26 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that cover Cboe Global Markets.
Cboe Global Markets (CBOE:CBOE) last issued its quarterly earnings results on Friday, May 3rd. The financial services provider reported $1.11 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.12. The firm had revenue of $280.50 million during the quarter, compared to analysts’ expectations of $279.49 million.
Several brokerages recently weighed in on CBOE. Raymond James cut Cboe Global Markets from an “outperform” rating to a “market perform” rating in a research note on Tuesday. Bank of America boosted their target price on Cboe Global Markets from $105.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, May 16th. UBS Group dropped their target price on Cboe Global Markets from $105.00 to $103.00 and set a “neutral” rating on the stock in a report on Monday, May 6th. Zacks Investment Research downgraded Cboe Global Markets from a “hold” rating to a “sell” rating in a report on Monday, April 29th. Finally, Rosenblatt Securities downgraded Cboe Global Markets from a “buy” rating to a “neutral” rating in a report on Thursday, April 18th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $110.83.
In other news, EVP John Deters sold 834 shares of the company’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $103.78, for a total transaction of $86,552.52. Following the transaction, the executive vice president now directly owns 3,121 shares of the company’s stock, valued at $323,897.38. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Christopher A. Isaacson sold 10,000 shares of the company’s stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $104.93, for a total value of $1,049,300.00. Following the transaction, the chief operating officer now directly owns 74,644 shares in the company, valued at $7,832,394.92. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 25,134 shares of company stock worth $2,679,406. Corporate insiders own 0.89% of the company’s stock.
Shares of CBOE stock opened at $107.70 on Thursday. Cboe Global Markets has a twelve month low of $87.87 and a twelve month high of $115.11.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date is Thursday, May 30th.
About Cboe Global Markets
Cboe Global Markets, Inc engages in the provision of trading and investment solutions to investors. It operates through the following business segments: Options, U.S. Equities, Futures, European Equities, and Global FX. The Options segment includes options exchange business, which lists for trading options on market indexes (index options), as well as on non-exclusive multiply-listed options.
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