Brokerages Anticipate Cboe Global Markets, Inc. (NYSE:CBOE) Will Announce Quarterly Sales of $401.36 Million

Equities analysts forecast that Cboe Global Markets, Inc. (NYSE:CBOEGet Rating) will post $401.36 million in sales for the current fiscal quarter, Zacks Investment Research reports. Five analysts have made estimates for Cboe Global Markets’ earnings, with the highest sales estimate coming in at $415.30 million and the lowest estimate coming in at $386.54 million. Cboe Global Markets reported sales of $365.50 million during the same quarter last year, which would suggest a positive year over year growth rate of 9.8%. The business is expected to issue its next quarterly earnings results before the market opens on Monday, January 1st.

On average, analysts expect that Cboe Global Markets will report full year sales of $1.58 billion for the current fiscal year, with estimates ranging from $1.54 billion to $1.61 billion. For the next year, analysts anticipate that the business will report sales of $1.66 billion, with estimates ranging from $1.63 billion to $1.70 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Cboe Global Markets.

Cboe Global Markets (NYSE:CBOEGet Rating) last issued its quarterly earnings results on Friday, February 4th. The company reported $1.70 EPS for the quarter, beating analysts’ consensus estimates of $1.53 by $0.17. The company had revenue of $390.50 million for the quarter, compared to analyst estimates of $387.21 million. Cboe Global Markets had a return on equity of 17.48% and a net margin of 14.65%.

A number of research analysts have recently commented on CBOE shares. Oppenheimer lowered their price target on Cboe Global Markets from $146.00 to $142.00 and set an “outperform” rating on the stock in a report on Monday, February 7th. Rosenblatt Securities lifted their target price on Cboe Global Markets from $150.00 to $152.00 and gave the stock a “buy” rating in a report on Tuesday, March 8th. Credit Suisse Group assumed coverage on Cboe Global Markets in a report on Tuesday, February 15th. They set a “neutral” rating and a $144.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on Cboe Global Markets from $153.00 to $150.00 and set a “buy” rating on the stock in a report on Monday, February 7th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $134.33.

Shares of CBOE traded down $1.59 during trading hours on Friday, reaching $116.35. 495,268 shares of the company’s stock traded hands, compared to its average volume of 631,220. The firm has a market capitalization of $12.35 billion, a price-to-earnings ratio of 24.60, a P/E/G ratio of 2.86 and a beta of 0.63. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.23 and a quick ratio of 1.23. Cboe Global Markets has a twelve month low of $99.57 and a twelve month high of $139.00. The business’s fifty day simple moving average is $117.07 and its two-hundred day simple moving average is $123.41.

About Cboe Global Markets (Get Rating)

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

Read More

Get a free copy of the Zacks research report on Cboe Global Markets (CBOE)

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

Receive News & Ratings for Cboe Global Markets Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cboe Global Markets and related companies with MarketBeat.com's FREE daily email newsletter.