$294.00 Million in Sales Expected for Cboe Global Markets Inc (CBOE) This Quarter

Wall Street brokerages expect Cboe Global Markets Inc (NASDAQ:CBOE) to report $294.00 million in sales for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Cboe Global Markets’ earnings, with the highest sales estimate coming in at $298.77 million and the lowest estimate coming in at $287.31 million. Cboe Global Markets posted sales of $265.60 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 10.7%. The company is scheduled to issue its next earnings results on Friday, February 8th.

On average, analysts expect that Cboe Global Markets will report full-year sales of $1.18 billion for the current fiscal year, with estimates ranging from $1.17 billion to $1.18 billion. For the next financial year, analysts anticipate that the firm will report sales of $1.20 billion, with estimates ranging from $1.19 billion to $1.22 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Cboe Global Markets.

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

Several brokerages recently issued reports on CBOE. Bank of America boosted their price target on Cboe Global Markets from $113.00 to $122.00 and gave the company a “buy” rating in a research note on Monday, November 5th. Citigroup set a $115.00 target price on Cboe Global Markets and gave the stock a “hold” rating in a research note on Monday, November 5th. Wells Fargo & Co restated a “buy” rating on shares of Cboe Global Markets in a research note on Friday, November 2nd. JPMorgan Chase & Co. upped their target price on Cboe Global Markets from $92.00 to $105.00 and gave the stock a “hold” rating in a research note on Wednesday, October 24th. Finally, Raymond James cut their target price on Cboe Global Markets from $115.00 to $112.00 and set an “outperform” rating for the company in a research note on Friday, October 5th. Nine analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $116.29.

Shares of CBOE stock traded down $0.58 during trading on Friday, hitting $107.39. The company had a trading volume of 236,729 shares, compared to its average volume of 1,119,002. Cboe Global Markets has a one year low of $91.10 and a one year high of $138.54.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, November 30th will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 1.15%. The ex-dividend date is Thursday, November 29th.

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

Several large investors have recently made changes to their positions in CBOE. LPL Financial LLC increased its holdings in shares of Cboe Global Markets by 25.8% during the first quarter. LPL Financial LLC now owns 2,625 shares of the financial services provider’s stock worth $299,000 after buying an additional 539 shares in the last quarter. Xact Kapitalforvaltning AB increased its holdings in Cboe Global Markets by 16.5% in the second quarter. Xact Kapitalforvaltning AB now owns 16,240 shares of the financial services provider’s stock valued at $1,690,000 after purchasing an additional 2,300 shares during the period. Oakbrook Investments LLC acquired a new stake in Cboe Global Markets in the second quarter valued at $979,000. Unigestion Holding SA acquired a new stake in Cboe Global Markets in the second quarter valued at $19,205,000. Finally, Janney Montgomery Scott LLC increased its holdings in Cboe Global Markets by 11.3% in the second quarter. Janney Montgomery Scott LLC now owns 4,902 shares of the financial services provider’s stock valued at $510,000 after purchasing an additional 497 shares during the period. Institutional investors own 81.98% of the company’s stock.

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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