CBOE Stake, Inc (CBOE) Anticipated to Announce Revenue of $0.86 Per Share

CBOE Stake, Inc (CBOE) Anticipated to Announce Revenue of $0.86 Per Share

Analysts expect CBOE Holdings, Inc (NASDAQ:CBOE) to announce earnings of $0.86 per share for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for CBOE Holdings’ earnings. The lowest EPS estimate is $0.83 and the highest is $0.92. CBOE Holdings posted earnings of $0.60 per share in the same quarter last year, which would suggest a positive year over year growth rate of 43.3%. The firm is expected to report its next earnings report on Friday, August 4th.

On average, analysts expect that CBOE Holdings will report full-year earnings of $3.38 per share for the current financial year, with EPS estimates ranging from $3.27 to $3.60. For the next financial year, analysts expect that the firm will post earnings of $3.84 per share, with EPS estimates ranging from $3.72 to $4.11. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow CBOE Holdings.

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

Several brokerages have recently commented on CBOE. Royal Bank of Canada set a $90.00 price objective on CBOE Holdings and gave the stock an “outperform” rating in a report on Friday, May 12th. Zacks Investment Research raised CBOE Holdings from a “hold” rating to a “strong-buy” rating and set a $98.00 price objective for the company in a report on Friday, May 12th. Jefferies Group LLC reissued a “hold” rating and set a $85.00 price objective on shares of CBOE Holdings in a report on Monday, April 10th. Finally, Deutsche Bank AG boosted their price objective on CBOE Holdings from $76.00 to $79.00 and gave the stock a “hold” rating in a report on Thursday, April 6th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $73.63.

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

A number of hedge funds have recently made changes to their positions in CBOE. TrimTabs Asset Management LLC increased its stake in shares of CBOE Holdings by 89.0% in the first quarter. TrimTabs Asset Management LLC now owns 1,580 shares of the financial services provider’s stock valued at $128,000 after buying an additional 744 shares during the last quarter. Massmutual Trust Co. FSB ADV bought a new stake in shares of CBOE Holdings during the fourth quarter valued at $130,000. Royce & Associates LP bought a new stake in shares of CBOE Holdings during the first quarter valued at $180,000. Oppenheimer & Co. Inc. bought a new stake in shares of CBOE Holdings during the first quarter valued at $201,000. Finally, Bessemer Group Inc. bought a new stake in shares of CBOE Holdings during the fourth quarter valued at $205,000. Hedge funds and other institutional investors own 74.33% of the company’s stock.

CBOE Holdings (NASDAQ CBOE) traded down 0.08% on Tuesday, hitting $86.75. 878,653 shares of the stock were exchanged. The firm has a market cap of $9.72 billion, a PE ratio of 48.41 and a beta of 0.66. The company has a 50-day moving average price of $84.06 and a 200-day moving average price of $78.37. CBOE Holdings has a 52-week low of $61.58 and a 52-week high of $87.00.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 16th. Shareholders of record on Friday, June 2nd will be given a $0.25 dividend. The ex-dividend date is Wednesday, May 31st. This represents a $1.00 annualized dividend and a yield of 1.15%. CBOE Holdings’s payout ratio is currently 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”});

Get a free copy of the Zacks research report on CBOE Holdings (CBOE)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Related posts

Leave a Comment