$266.49 Million in Sales Anticipated for CBOE Stake, Inc (CBOE) This Quarter

$266.49 Million in Sales Anticipated for CBOE Stake, Inc (CBOE) This Quarter

Equities research analysts expect CBOE Holdings, Inc (NASDAQ:CBOE) to announce $266.49 million in sales for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for CBOE Holdings’ earnings. The lowest sales estimate is $265.80 million and the highest is $267.31 million. CBOE Holdings reported sales of $163.33 million during the same quarter last year, which suggests a positive year-over-year growth rate of 63.2%. The firm is scheduled to issue its next quarterly earnings results on Friday, August 4th.

On average, analysts expect that CBOE Holdings will report full-year sales of $266.49 million for the current financial year, with estimates ranging from $976.80 million to $993.22 million. For the next year, analysts expect that the firm will post sales of $1.12 billion per share, with estimates ranging from $1.11 billion to $1.13 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for CBOE Holdings.

CBOE Holdings (NASDAQ:CBOE) last released its quarterly earnings data on Tuesday, May 9th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.10. CBOE Holdings had a net margin of 28.74% and a return on equity of 70.50%. The company had revenue of $193.40 million during the quarter, compared to the consensus estimate of $208.30 million. During the same quarter in the prior year, the firm posted $0.60 earnings per share. CBOE Holdings’s revenue for the quarter was up 35.2% on a year-over-year basis.

CBOE has been the subject of several research analyst reports. Deutsche Bank AG boosted their target price on shares of CBOE Holdings from $76.00 to $79.00 and gave the stock a “hold” rating in a research report on Thursday, April 6th. Zacks Investment Research raised shares of CBOE Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, March 22nd. Royal Bank of Canada reissued an “outperform” rating and issued a $90.00 target price on shares of CBOE Holdings in a research report on Friday, March 31st. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $85.00 target price on shares of CBOE Holdings in a research report on Monday, April 10th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $73.63.

In other news, Director Christopher Mitchell sold 470,000 shares of CBOE Holdings stock in a transaction dated Tuesday, March 7th. The shares were sold at an average price of $78.26, for a total value of $36,782,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Edward T. Tilly sold 5,000 shares of CBOE Holdings stock in a transaction dated Monday, March 27th. The shares were sold at an average price of $78.61, for a total transaction of $393,050.00. Following the completion of the transaction, the chairman now directly owns 85,611 shares of the company’s stock, valued at $6,729,880.71. The disclosure for this sale can be found here. Insiders own 0.96% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD raised its position in CBOE Holdings by 1.9% in the third quarter. Price T Rowe Associates Inc. MD now owns 10,743,170 shares of the financial services provider’s stock worth $696,695,000 after buying an additional 199,463 shares during the last quarter. FMR LLC raised its position in CBOE Holdings by 52.0% in the first quarter. FMR LLC now owns 9,459,959 shares of the financial services provider’s stock worth $766,920,000 after buying an additional 3,238,234 shares during the last quarter. Vanguard Group Inc. raised its position in CBOE Holdings by 29.4% in the first quarter. Vanguard Group Inc. now owns 7,937,401 shares of the financial services provider’s stock worth $643,485,000 after buying an additional 1,803,114 shares during the last quarter. BlackRock Inc. raised its position in CBOE Holdings by 9,849.9% in the first quarter. BlackRock Inc. now owns 4,904,602 shares of the financial services provider’s stock worth $397,614,000 after buying an additional 4,855,309 shares during the last quarter. Finally, Renaissance Technologies LLC raised its position in CBOE Holdings by 1.9% in the first quarter. Renaissance Technologies LLC now owns 4,467,300 shares of the financial services provider’s stock worth $362,164,000 after buying an additional 81,200 shares during the last quarter. 74.33% of the stock is owned by hedge funds and other institutional investors.

CBOE Holdings (NASDAQ CBOE) traded down 0.08% during trading on Thursday, reaching $86.75. 878,828 shares of the company’s stock traded hands. CBOE Holdings has a 1-year low of $61.58 and a 1-year high of $87.00. The stock has a 50-day moving average price of $84.22 and a 200 day moving average price of $78.50. The stock has a market capitalization of $9.72 billion, a P/E ratio of 48.41 and a beta of 0.66.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 16th. Stockholders of record on Friday, June 2nd will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.15%. The ex-dividend date of this dividend is Wednesday, May 31st. CBOE Holdings’s dividend payout ratio (DPR) is presently 44.05%.

About CBOE Holdings

CBOE Holdings, Inc is a holding company. The Company’s principal business is operating markets that offer for trading options on various market indexes (index options), on an exclusive basis, and futures contracts, as well as on non-exclusive multiply listed options, such as options on the stocks of individual corporations (equity options), and options on other exchange-traded products (ETP options), such as exchange-traded funds (ETF options) and exchange-traded notes (ETN options).new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:CBOE”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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