Cboe Global Markets, Inc. (NASDAQ:CBOE) Expected to Announce Earnings of $1.57 Per Share

Equities analysts expect Cboe Global Markets, Inc. (NASDAQ:CBOEGet Rating) to announce earnings per share (EPS) of $1.57 for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Cboe Global Markets’ earnings, with the highest EPS estimate coming in at $1.70 and the lowest estimate coming in at $1.48. Cboe Global Markets posted earnings per share of $1.38 in the same quarter last year, which suggests a positive year over year growth rate of 13.8%. The firm is expected to issue its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Cboe Global Markets will report full-year earnings of $6.29 per share for the current fiscal year, with EPS estimates ranging from $5.92 to $6.63. For the next year, analysts expect that the business will report earnings of $6.54 per share, with EPS estimates ranging from $5.85 to $6.78. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that that provide coverage for Cboe Global Markets.

Cboe Global Markets (NASDAQ:CBOEGet Rating) last issued its quarterly earnings data on Friday, April 29th. The company reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $1.68 by $0.05. Cboe Global Markets had a return on equity of 18.94% and a net margin of 14.46%. The company had revenue of $418.10 million for the quarter, compared to analysts’ expectations of $414.88 million. During the same quarter in the previous year, the firm posted $1.53 earnings per share. The firm’s quarterly revenue was up 14.4% on a year-over-year basis.

A number of analysts have recently issued reports on CBOE shares. Citigroup dropped their price objective on shares of Cboe Global Markets from $155.00 to $145.00 in a research note on Wednesday, April 13th. Oppenheimer cut their price objective on shares of Cboe Global Markets from $146.00 to $142.00 and set an “outperform” rating on the stock in a report on Monday, February 7th. Zacks Investment Research raised Cboe Global Markets from a “hold” rating to a “buy” rating and set a $124.00 target price on the stock in a research report on Monday, January 17th. Credit Suisse Group began coverage on Cboe Global Markets in a research note on Tuesday, February 15th. They issued a “neutral” rating and a $144.00 price target on the stock. Finally, StockNews.com initiated coverage on Cboe Global Markets in a report on Thursday, March 31st. They set a “hold” rating on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $135.36.

A number of institutional investors have recently added to or reduced their stakes in the business. Paragon Capital Management Ltd bought a new position in shares of Cboe Global Markets during the fourth quarter valued at approximately $26,000. Canada Pension Plan Investment Board acquired a new stake in Cboe Global Markets in the fourth quarter worth $29,000. Prospera Financial Services Inc bought a new stake in Cboe Global Markets in the first quarter valued at $43,000. Farmers & Merchants Investments Inc. increased its holdings in shares of Cboe Global Markets by 645.5% in the 1st quarter. Farmers & Merchants Investments Inc. now owns 410 shares of the company’s stock worth $47,000 after acquiring an additional 355 shares during the period. Finally, Retirement Planning Co of New England Inc. acquired a new position in Cboe Global Markets during the 4th quarter valued at about $58,000. 81.73% of the stock is owned by hedge funds and other institutional investors.

Cboe Global Markets stock opened at $108.24 on Wednesday. The firm has a market capitalization of $11.49 billion, a PE ratio of 23.23 and a beta of 0.63. Cboe Global Markets has a one year low of $105.72 and a one year high of $139.00. The stock’s 50 day moving average price is $115.03 and its 200 day moving average price is $121.79. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.31 and a current ratio of 1.25.

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 15th. Stockholders of record on Monday, February 28th were given a $0.48 dividend. The ex-dividend date was Friday, February 25th. This represents a $1.92 annualized dividend and a dividend yield of 1.77%. Cboe Global Markets’s payout ratio is 41.20%.

Cboe Global Markets Company Profile (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.

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Earnings History and Estimates for Cboe Global Markets (NASDAQ:CBOE)

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