MarketAxess (MKTX) Set to Announce Quarterly Earnings on Tuesday

MarketAxess (NASDAQ:MKTX) is scheduled to be announcing its earnings results before the market opens on Tuesday, May 7th. Analysts expect the company to announce earnings of $1.85 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

MarketAxess (NASDAQ:MKTX) last released its quarterly earnings data on Wednesday, January 31st. The financial services provider reported $1.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.73 by $0.11. The business had revenue of $197.20 million for the quarter, compared to the consensus estimate of $196.70 million. MarketAxess had a return on equity of 21.76% and a net margin of 34.29%. The company’s revenue was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.58 EPS. On average, analysts expect MarketAxess to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

MarketAxess Stock Performance

NASDAQ MKTX opened at $203.82 on Friday. The stock has a 50 day moving average price of $213.67 and a 200-day moving average price of $235.41. MarketAxess has a one year low of $199.33 and a one year high of $303.85. The company has a market capitalization of $7.66 billion, a P/E ratio of 29.75, a P/E/G ratio of 4.37 and a beta of 0.98.

Wall Street Analyst Weigh In

MKTX has been the topic of several recent research reports. Morgan Stanley upped their target price on shares of MarketAxess from $278.00 to $279.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 9th. Rosenblatt Securities lowered their price objective on MarketAxess from $229.00 to $210.00 and set a “sell” rating for the company in a research note on Thursday, February 1st. Piper Sandler dropped their target price on MarketAxess from $250.00 to $237.00 and set a “neutral” rating for the company in a report on Friday, April 12th. The Goldman Sachs Group decreased their price target on MarketAxess from $263.00 to $225.00 and set a “neutral” rating on the stock in a report on Thursday, February 1st. Finally, Barclays dropped their price objective on shares of MarketAxess from $239.00 to $236.00 and set an “equal weight” rating for the company in a research note on Monday, April 8th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, MarketAxess has a consensus rating of “Hold” and a consensus target price of $252.80.

Insider Buying and Selling at MarketAxess

In related news, CRO Kevin M. Mcpherson sold 2,000 shares of the firm’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $221.26, for a total transaction of $442,520.00. Following the sale, the executive now directly owns 70,092 shares of the company’s stock, valued at $15,508,555.92. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 2.00% of the company’s stock.

MarketAxess Company Profile

MarketAxess Holdings Inc, together with its subsidiaries, operates an electronic trading platform for institutional investor and broker-dealer companies worldwide. The company offers trading technology that provides liquidity access in U.S. high-grade bonds, U.S. high-yield bonds, emerging market debt, eurobonds, municipal bonds, U.S.