Brokerages Anticipate MarketAxess Holdings Inc. (NASDAQ:MKTX) to Post $1.76 EPS

Wall Street analysts expect that MarketAxess Holdings Inc. (NASDAQ:MKTXGet Rating) will announce earnings per share (EPS) of $1.76 for the current quarter, according to Zacks. Five analysts have issued estimates for MarketAxess’ earnings. The highest EPS estimate is $1.90 and the lowest is $1.68. MarketAxess posted earnings of $1.77 per share during the same quarter last year, which would suggest a negative year over year growth rate of 0.6%. The company is expected to announce its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that MarketAxess will report full-year earnings of $6.98 per share for the current year, with EPS estimates ranging from $6.60 to $7.62. For the next financial year, analysts expect that the company will post earnings of $8.00 per share, with EPS estimates ranging from $7.27 to $8.40. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover MarketAxess.

MarketAxess (NASDAQ:MKTXGet Rating) last announced its earnings results on Wednesday, April 20th. The financial services provider reported $1.71 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.02. MarketAxess had a net margin of 35.13% and a return on equity of 23.46%. The business had revenue of $186.10 million during the quarter, compared to analysts’ expectations of $186.34 million. During the same period in the prior year, the company earned $2.11 earnings per share. The firm’s revenue was down 4.8% on a year-over-year basis.

A number of analysts have commented on the stock. Compass Point raised shares of MarketAxess from a “sell” rating to a “neutral” rating and set a $275.00 target price for the company in a report on Thursday, April 21st. StockNews.com initiated coverage on shares of MarketAxess in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of MarketAxess from $314.00 to $300.00 and set a “hold” rating for the company in a research note on Thursday, April 21st. Zacks Investment Research cut shares of MarketAxess from a “hold” rating to a “sell” rating and set a $345.00 price objective for the company. in a research note on Friday, January 28th. Finally, Raymond James cut shares of MarketAxess from an “outperform” rating to a “market perform” rating in a research note on Wednesday, April 6th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $368.67.

In related news, Director Richard Leon Prager purchased 1,000 shares of MarketAxess stock in a transaction on Friday, April 22nd. The shares were bought at an average cost of $271.25 per share, for a total transaction of $271,250.00. Following the acquisition, the director now owns 2,149 shares in the company, valued at approximately $582,916.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.19% of the company’s stock.

Large investors have recently modified their holdings of the business. Epoch Investment Partners Inc. grew its stake in shares of MarketAxess by 196.2% in the 3rd quarter. Epoch Investment Partners Inc. now owns 63,284 shares of the financial services provider’s stock worth $26,623,000 after buying an additional 41,921 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in shares of MarketAxess by 16.1% during the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 17,662 shares of the financial services provider’s stock worth $7,009,000 after purchasing an additional 2,449 shares during the period. US Bancorp DE boosted its stake in shares of MarketAxess by 2.6% during the 3rd quarter. US Bancorp DE now owns 16,717 shares of the financial services provider’s stock worth $7,033,000 after purchasing an additional 421 shares during the period. Stevens Capital Management LP purchased a new position in shares of MarketAxess during the 4th quarter worth about $461,000. Finally, CWM LLC purchased a new position in shares of MarketAxess during the 4th quarter worth about $113,000. 96.50% of the stock is owned by institutional investors and hedge funds.

MKTX stock traded down $10.93 during midday trading on Friday, reaching $265.04. 354,133 shares of the company’s stock traded hands, compared to its average volume of 508,419. MarketAxess has a 52-week low of $256.26 and a 52-week high of $498.97. The stock has a market cap of $9.93 billion, a P/E ratio of 41.61 and a beta of 0.56. The stock’s 50-day moving average is $313.89 and its 200 day moving average is $357.39.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 18th. Shareholders of record on Wednesday, May 4th will be issued a $0.70 dividend. The ex-dividend date is Tuesday, May 3rd. This represents a $2.80 dividend on an annualized basis and a yield of 1.06%. MarketAxess’s dividend payout ratio is currently 43.96%.

About MarketAxess (Get Rating)

MarketAxess Holdings Inc, together with its subsidiaries, operates an electronic trading platform for institutional investor and broker-dealer companies worldwide. It offers the access to liquidity in the U.S. investment-grade bonds, U.S. high-yield bonds, and U.S. Treasuries, as well as municipal bonds, emerging market debts, Eurobonds, and other fixed income securities.

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