CME Group (CME) Scheduled to Post Quarterly Earnings on Wednesday

CME Group (NASDAQ:CME) is set to release its earnings data before the market opens on Wednesday, April 24th. Analysts expect CME Group to post earnings of $2.44 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

CME Group (NASDAQ:CME) last issued its quarterly earnings results on Wednesday, February 14th. The financial services provider reported $2.37 earnings per share for the quarter, topping analysts’ consensus estimates of $2.27 by $0.10. CME Group had a return on equity of 12.32% and a net margin of 57.83%. The company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same quarter in the prior year, the company posted $1.92 EPS. The business’s revenue for the quarter was up 19.2% compared to the same quarter last year. On average, analysts expect CME Group to post $10 EPS for the current fiscal year and $10 EPS for the next fiscal year.

CME Group Trading Up 0.1 %

Shares of CME Group stock opened at $206.48 on Wednesday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.13. The firm has a market cap of $74.33 billion, a PE ratio of 23.28, a P/E/G ratio of 5.95 and a beta of 0.49. The business’s fifty day moving average is $214.09 and its two-hundred day moving average is $211.65. CME Group has a fifty-two week low of $175.73 and a fifty-two week high of $223.80.

CME Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Friday, March 8th were given a $1.15 dividend. This is a positive change from CME Group’s previous quarterly dividend of $1.10. This represents a $4.60 annualized dividend and a dividend yield of 2.23%. The ex-dividend date of this dividend was Thursday, March 7th. CME Group’s dividend payout ratio (DPR) is 51.86%.

Institutional Investors Weigh In On CME Group

Hedge funds have recently made changes to their positions in the business. Harbour Investments Inc. increased its stake in shares of CME Group by 10.2% during the fourth quarter. Harbour Investments Inc. now owns 528 shares of the financial services provider’s stock valued at $111,000 after acquiring an additional 49 shares during the period. Parkside Financial Bank & Trust increased its holdings in shares of CME Group by 17.5% in the first quarter. Parkside Financial Bank & Trust now owns 436 shares of the financial services provider’s stock valued at $104,000 after buying an additional 65 shares in the last quarter. Industrial Alliance Investment Management Inc. increased its holdings in shares of CME Group by 21.6% in the first quarter. Industrial Alliance Investment Management Inc. now owns 371 shares of the financial services provider’s stock valued at $88,000 after buying an additional 66 shares in the last quarter. Fortis Capital Advisors LLC bought a new position in shares of CME Group in the fourth quarter valued at $81,000. Finally, Sunbelt Securities Inc. bought a new position in shares of CME Group in the first quarter valued at $81,000. Institutional investors own 87.75% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CME. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $210.00 price target (down from $235.00) on shares of CME Group in a report on Friday, April 5th. The Goldman Sachs Group downgraded CME Group from a “neutral” rating to a “sell” rating and set a $195.00 price target for the company. in a report on Wednesday, January 3rd. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $229.00 price target on shares of CME Group in a report on Wednesday, April 3rd. Barclays raised their target price on CME Group from $225.00 to $226.00 and gave the company an “equal weight” rating in a research note on Monday, April 8th. Finally, Morgan Stanley raised their target price on CME Group from $222.00 to $225.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 9th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $215.70.

CME Group Company Profile

CME Group Inc, together with its subsidiaries, operates contract markets for the trading of futures and options on futures contracts worldwide. It offers futures and options products based on interest rates, equity indexes, foreign exchange, agricultural commodities, energy, and metals, as well as fixed income and foreign currency trading services.