Brokerages Expect Cboe Global Markets Inc (CBOE) Will Post Earnings of $1.02 Per Share

Analysts forecast that Cboe Global Markets Inc (NASDAQ:CBOE) will post $1.02 earnings per share for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Cboe Global Markets’ earnings, with the lowest EPS estimate coming in at $0.98 and the highest estimate coming in at $1.07. Cboe Global Markets posted earnings per share of $0.89 during the same quarter last year, which indicates a positive year over year growth rate of 14.6%. The firm is expected to report its next earnings results before the market opens on Friday, November 2nd.

According to Zacks, analysts expect that Cboe Global Markets will report full-year earnings of $4.55 per share for the current year, with EPS estimates ranging from $4.47 to $4.62. For the next fiscal year, analysts forecast that the firm will post earnings of $4.86 per share, with EPS estimates ranging from $4.59 to $5.13. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow Cboe Global Markets.

Cboe Global Markets (NASDAQ:CBOE) last posted its quarterly earnings data on Friday, August 3rd. The financial services provider reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.02. The business had revenue of $283.50 million for the quarter, compared to analyst estimates of $278.57 million. Cboe Global Markets had a return on equity of 14.16% and a net margin of 19.22%. The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.87 earnings per share.

CBOE has been the topic of a number of recent research reports. JPMorgan Chase & Co. raised Cboe Global Markets from an “underweight” rating to a “neutral” rating in a report on Tuesday, June 26th. Compass Point assumed coverage on Cboe Global Markets in a report on Monday, July 9th. They issued a “buy” rating and a $115.00 target price on the stock. Zacks Investment Research downgraded Cboe Global Markets from a “hold” rating to a “sell” rating in a report on Tuesday, July 10th. Jefferies Financial Group reissued a “hold” rating and issued a $105.00 target price on shares of Cboe Global Markets in a report on Sunday, July 15th. Finally, Barclays reduced their target price on Cboe Global Markets from $110.00 to $107.00 and set an “equal weight” rating on the stock in a report on Monday, July 30th. Ten equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Cboe Global Markets currently has a consensus rating of “Hold” and an average target price of $115.40.

In other Cboe Global Markets news, Director Frank E. Jr. English sold 1,185 shares of the stock in a transaction dated Tuesday, September 11th. The shares were sold at an average price of $104.17, for a total value of $123,441.45. Following the transaction, the director now directly owns 4,137 shares of the company’s stock, valued at approximately $430,951.29. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Christopher A. Isaacson sold 8,720 shares of the stock in a transaction dated Thursday, August 30th. The shares were sold at an average price of $100.03, for a total transaction of $872,261.60. Following the completion of the transaction, the vice president now directly owns 86,220 shares in the company, valued at $8,624,586.60. The disclosure for this sale can be found here. Company insiders own 0.89% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. grace capital bought a new position in Cboe Global Markets in the 2nd quarter valued at about $291,000. Sentry Investment Management LLC bought a new position in Cboe Global Markets in the 2nd quarter valued at about $774,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in Cboe Global Markets in the 2nd quarter valued at about $1,226,000. Private Advisor Group LLC raised its holdings in Cboe Global Markets by 81.1% in the 2nd quarter. Private Advisor Group LLC now owns 6,868 shares of the financial services provider’s stock valued at $713,000 after acquiring an additional 3,076 shares during the period. Finally, Janney Montgomery Scott LLC raised its holdings in Cboe Global Markets by 11.3% in the 2nd quarter. Janney Montgomery Scott LLC now owns 4,902 shares of the financial services provider’s stock valued at $510,000 after acquiring an additional 497 shares during the period. 81.98% of the stock is currently owned by hedge funds and other institutional investors.

Shares of CBOE opened at $97.21 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.86 and a current ratio of 0.86. The stock has a market cap of $11.65 billion, a P/E ratio of 28.42, a PEG ratio of 1.95 and a beta of 0.52. Cboe Global Markets has a 12-month low of $91.10 and a 12-month high of $138.54.

The company also recently announced a quarterly dividend, which was paid on Friday, September 14th. Investors of record on Friday, August 31st were paid a $0.31 dividend. This is an increase from Cboe Global Markets’s previous quarterly dividend of $0.27. This represents a $1.24 annualized dividend and a yield of 1.28%. The ex-dividend date was Thursday, August 30th. Cboe Global Markets’s dividend payout ratio (DPR) is 36.26%.

About Cboe Global Markets

Cboe Global Markets, Inc, through its subsidiaries, operates as an options exchange in the United States. The company operates in five segments: Options, U.S. Equities, Futures, European Equities, and Global FX. The Options segment trades in listed market indexes. The U.S. Equities segment trades in listed cash equities; and provides exchange-traded products (ETP) transaction and ETP listing services.

Featured Article: Leveraged Buyout (LBO) Explained

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

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

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.

Leave a Reply