Zacks Research Brokers Boost Earnings Estimates for Cboe Global Markets, Inc. (BATS:CBOE)

Cboe Global Markets, Inc. (BATS:CBOE) – Equities research analysts at Zacks Research increased their Q2 2024 earnings estimates for Cboe Global Markets in a research note issued on Friday, May 24th. Zacks Research analyst T. De now forecasts that the company will post earnings per share of $1.95 for the quarter, up from their previous estimate of $1.88. The consensus estimate for Cboe Global Markets’ current full-year earnings is $6.41 per share. Zacks Research also issued estimates for Cboe Global Markets’ Q3 2024 earnings at $2.06 EPS, Q4 2024 earnings at $2.14 EPS, FY2024 earnings at $8.31 EPS, Q3 2025 earnings at $2.30 EPS, Q1 2026 earnings at $2.27 EPS and FY2026 earnings at $9.34 EPS.

Several other analysts have also recently weighed in on CBOE. Oppenheimer reaffirmed an “outperform” rating and set a $206.00 price objective on shares of Cboe Global Markets in a research report on Monday, May 6th. Morgan Stanley reaffirmed an “equal weight” rating and set a $199.00 target price (down previously from $211.00) on shares of Cboe Global Markets in a research note on Tuesday, April 9th. Barclays raised their price objective on Cboe Global Markets from $211.00 to $215.00 and gave the company an “overweight” rating in a research report on Monday, May 6th. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $197.00 target price on shares of Cboe Global Markets in a research note on Thursday, April 4th. Finally, Rosenblatt Securities upped their target price on shares of Cboe Global Markets from $200.00 to $205.00 and gave the company a “buy” rating in a research note on Monday, May 6th. Six analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $191.00.

Cboe Global Markets Trading Up 1.2 %

BATS CBOE opened at $182.58 on Monday. The stock has a 50 day simple moving average of $180.85 and a two-hundred day simple moving average of $181.54. Cboe Global Markets has a fifty-two week low of $103.82 and a fifty-two week high of $139.00. The stock has a market cap of $19.36 billion, a P/E ratio of 94.11 and a beta of 0.61. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.21 and a current ratio of 1.21.

Cboe Global Markets (BATS:CBOE) last posted its quarterly earnings results on Friday, May 3rd. The company reported $2.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.04 by $0.11. The business had revenue of $502.10 million for the quarter, compared to analyst estimates of $504.80 million. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. Cboe Global Markets’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period last year, the company earned $1.90 EPS.

Institutional Investors Weigh In On Cboe Global Markets

Several institutional investors have recently made changes to their positions in CBOE. Pinnacle Associates Ltd. lifted its position in shares of Cboe Global Markets by 5.2% during the fourth quarter. Pinnacle Associates Ltd. now owns 1,366 shares of the company’s stock worth $244,000 after purchasing an additional 67 shares during the last quarter. Allworth Financial LP grew its holdings in Cboe Global Markets by 75.3% during the 4th quarter. Allworth Financial LP now owns 170 shares of the company’s stock worth $30,000 after acquiring an additional 73 shares in the last quarter. Moors & Cabot Inc. raised its holdings in shares of Cboe Global Markets by 2.3% in the 3rd quarter. Moors & Cabot Inc. now owns 3,305 shares of the company’s stock valued at $516,000 after purchasing an additional 75 shares in the last quarter. Marion Wealth Management raised its holdings in shares of Cboe Global Markets by 0.7% in the 1st quarter. Marion Wealth Management now owns 10,315 shares of the company’s stock valued at $1,895,000 after purchasing an additional 76 shares in the last quarter. Finally, Motley Fool Asset Management LLC lifted its position in shares of Cboe Global Markets by 4.3% in the 1st quarter. Motley Fool Asset Management LLC now owns 2,021 shares of the company’s stock worth $371,000 after purchasing an additional 83 shares during the period. Institutional investors own 81.73% of the company’s stock.

Insider Activity at Cboe Global Markets

In related news, EVP Catherine R. Clay sold 1,100 shares of the firm’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $185.06, for a total value of $203,566.00. Following the completion of the transaction, the executive vice president now directly owns 4,656 shares of the company’s stock, valued at $861,639.36. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.51% of the stock is owned by corporate insiders.

Cboe Global Markets Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be issued a $0.55 dividend. The ex-dividend date is Friday, May 31st. This represents a $2.20 annualized dividend and a dividend yield of 1.20%. Cboe Global Markets’s dividend payout ratio (DPR) is 98.97%.

About Cboe Global Markets

Cboe Global Markets, Inc, through its subsidiaries, operates as an options exchange worldwide. It operates through six segments: Options, North American Equities, Europe and Asia Pacific, Futures, Global FX, and Digital. The Options segment trades in listed market indices. The North American Equities segment trades in listed U.S.