Zacks: Analysts Anticipate Cboe Global Markets Inc (CBOE) to Announce $1.19 EPS

Wall Street analysts expect Cboe Global Markets Inc (NASDAQ:CBOE) to post earnings per share (EPS) of $1.19 for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Cboe Global Markets’ earnings, with estimates ranging from $1.13 to $1.26. Cboe Global Markets reported earnings of $0.87 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 36.8%. The company is scheduled to issue its next quarterly earnings report on Friday, February 8th.

On average, analysts expect that Cboe Global Markets will report full year earnings of $4.64 per share for the current year, with EPS estimates ranging from $4.47 to $4.75. For the next financial year, analysts forecast that the company will report earnings of $4.97 per share, with EPS estimates ranging from $4.79 to $5.38. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that cover Cboe Global Markets.

Cboe Global Markets (NASDAQ:CBOE) last announced its earnings results on Friday, November 2nd. The financial services provider reported $1.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.01 by $0.05. The firm had revenue of $270.50 million during the quarter, compared to analysts’ expectations of $269.08 million. During the same period in the prior year, the company posted $0.89 EPS. The company’s revenue was up .3% compared to the same quarter last year.

Several equities research analysts have recently weighed in on the stock. BidaskClub raised shares of Cboe Global Markets from a “sell” rating to a “hold” rating in a research note on Saturday, August 25th. Raymond James reduced their target price on shares of Cboe Global Markets from $115.00 to $112.00 and set an “outperform” rating on the stock in a research note on Friday, October 5th. Zacks Investment Research raised shares of Cboe Global Markets from a “hold” rating to a “buy” rating and set a $108.00 target price on the stock in a research note on Wednesday, October 3rd. Bank of America increased their target price on shares of Cboe Global Markets from $113.00 to $122.00 and gave the company a “buy” rating in a research note on Monday, November 5th. Finally, Citigroup set a $115.00 price target on shares of Cboe Global Markets and gave the stock a “hold” rating in a report on Monday, November 5th. Nine analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $116.29.

In other Cboe Global Markets news, Director Frank E. Jr. English sold 1,000 shares of the stock in a transaction dated Monday, November 5th. The shares were sold at an average price of $113.55, for a total transaction of $113,550.00. Following the transaction, the director now directly owns 3,137 shares in the company, valued at approximately $356,206.35. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Frank E. Jr. English sold 1,185 shares of the stock in a transaction dated Tuesday, September 11th. The stock was sold at an average price of $104.17, for a total transaction of $123,441.45. Following the transaction, the director now owns 4,137 shares in the company, valued at $430,951.29. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 10,905 shares of company stock worth $1,109,253. Company insiders own 0.89% of the company’s stock.

A number of institutional investors have recently modified their holdings of the business. Renaissance Technologies LLC grew its holdings in Cboe Global Markets by 15.2% during the 2nd quarter. Renaissance Technologies LLC now owns 5,190,200 shares of the financial services provider’s stock worth $540,144,000 after acquiring an additional 683,700 shares in the last quarter. FMR LLC grew its holdings in Cboe Global Markets by 5.1% during the 3rd quarter. FMR LLC now owns 4,648,975 shares of the financial services provider’s stock worth $446,116,000 after acquiring an additional 226,883 shares in the last quarter. CI Global Investments Inc. grew its holdings in Cboe Global Markets by 14.3% during the 3rd quarter. CI Global Investments Inc. now owns 2,455,421 shares of the financial services provider’s stock worth $235,622,000 after acquiring an additional 307,660 shares in the last quarter. William Blair Investment Management LLC grew its holdings in Cboe Global Markets by 47.1% during the 3rd quarter. William Blair Investment Management LLC now owns 2,305,008 shares of the financial services provider’s stock worth $221,189,000 after acquiring an additional 738,063 shares in the last quarter. Finally, Janus Henderson Group PLC grew its holdings in Cboe Global Markets by 6.1% during the 2nd quarter. Janus Henderson Group PLC now owns 1,889,802 shares of the financial services provider’s stock worth $196,672,000 after acquiring an additional 109,034 shares in the last quarter. Institutional investors own 81.98% of the company’s stock.

Shares of CBOE traded down $0.58 during midday trading on Friday, hitting $107.39. The stock had a trading volume of 82,057 shares, compared to its average volume of 1,122,906. Cboe Global Markets has a 1 year low of $91.10 and a 1 year high of $138.54.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 30th will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date of this dividend is Thursday, November 29th.

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.

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

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