Equities analysts predict that Nasdaq Inc (NASDAQ:NDAQ) will announce earnings of $0.98 per share for the current quarter, Zacks reports. Four analysts have issued estimates for Nasdaq’s earnings. The highest EPS estimate is $0.99 and the lowest is $0.95. Nasdaq posted earnings of $0.91 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 7.7%. The firm is expected to report its next quarterly earnings results on Wednesday, July 26th.
According to Zacks, analysts expect that Nasdaq will report full-year earnings of $4.13 per share for the current financial year, with EPS estimates ranging from $4.07 to $4.21. For the next year, analysts anticipate that the business will post earnings of $4.52 per share, with EPS estimates ranging from $4.40 to $4.66. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that follow Nasdaq.
Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings results on Wednesday, April 26th. The financial services provider reported $1.10 EPS for the quarter, topping the Zacks’ consensus estimate of $1.05 by $0.05. The firm had revenue of $583 million for the quarter, compared to analyst estimates of $593.46 million. Nasdaq had a net margin of 2.94% and a return on equity of 10.99%. The business’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.91 EPS.
Several equities research analysts recently weighed in on the stock. Royal Bank of Canada restated a “sector perform” rating and issued a $71.00 price target on shares of Nasdaq in a research report on Thursday, March 30th. Zacks Investment Research cut shares of Nasdaq from a “buy” rating to a “hold” rating in a research report on Monday, January 9th. Jefferies Group LLC restated a “hold” rating and issued a $68.00 price target on shares of Nasdaq in a research report on Monday, April 10th. Evercore ISI restated an “in-line” rating and issued a $74.00 price target on shares of Nasdaq in a research report on Friday, April 28th. Finally, Deutsche Bank AG reduced their price target on shares of Nasdaq from $80.00 to $79.00 and set a “buy” rating on the stock in a research report on Friday, April 28th. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Nasdaq has an average rating of “Hold” and a consensus target price of $73.60.
In other Nasdaq news, Director Lars Wedenborn sold 10,000 shares of the business’s stock in a transaction on Thursday, April 27th. The shares were sold at an average price of $68.38, for a total transaction of $683,800.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 2.20% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Norges Bank bought a new position in Nasdaq during the fourth quarter worth approximately $99,066,000. Endeavour Capital Advisors Inc. bought a new position in Nasdaq during the fourth quarter worth approximately $38,431,000. Columbia Wanger Asset Management LLC bought a new position in Nasdaq during the fourth quarter worth approximately $36,406,000. State Street Corp boosted its position in Nasdaq by 9.4% in the fourth quarter. State Street Corp now owns 5,275,896 shares of the financial services provider’s stock worth $354,120,000 after buying an additional 451,446 shares during the last quarter. Finally, Tudor Investment Corp Et Al boosted its position in Nasdaq by 3,973.3% in the fourth quarter. Tudor Investment Corp Et Al now owns 344,604 shares of the financial services provider’s stock worth $23,130,000 after buying an additional 336,144 shares during the last quarter. Hedge funds and other institutional investors own 73.64% of the company’s stock.
Shares of Nasdaq (NASDAQ:NDAQ) traded down 0.07% during trading on Wednesday, hitting $67.91. 579,121 shares of the stock were exchanged. The firm has a 50 day moving average of $69.21 and a 200-day moving average of $68.18. The stock has a market cap of $11.31 billion, a PE ratio of 79.15 and a beta of 0.89. Nasdaq has a 52-week low of $61.19 and a 52-week high of $72.52.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Friday, June 16th will be given a dividend of $0.38 per share. This is a boost from Nasdaq’s previous quarterly dividend of $0.32. The ex-dividend date is Wednesday, June 14th. This represents a $1.52 dividend on an annualized basis and a yield of 2.24%. Nasdaq’s payout ratio is 206.45%.
Nasdaq, Inc (Nasdaq) is a holding company. The Company is a provider of trading, clearing, exchange technology, regulatory, securities listing, information and public company services. It manages, operates and provides its products and services through four segments: Market Services, Corporate Services, Information Services and Market Technology.
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