CME Group (NASDAQ:CME) Posts Quarterly Earnings Results, Misses Expectations By $0.02 EPS

CME Group (NASDAQ:CME) issued its quarterly earnings results on Wednesday. The financial services provider reported $1.52 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.54 by ($0.02), Briefing.com reports. CME Group had a return on equity of 9.54% and a net margin of 40.93%. The firm had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.16 billion. During the same quarter in the previous year, the firm posted $1.77 earnings per share. The firm’s revenue for the quarter was down 7.9% compared to the same quarter last year.

NASDAQ:CME traded up $2.43 during trading hours on Friday, hitting $210.74. The company had a trading volume of 4,317 shares, compared to its average volume of 1,368,615. CME Group has a 1 year low of $161.05 and a 1 year high of $224.91. The company has a market cap of $75.09 billion, a P/E ratio of 37.09, a P/E/G ratio of 4.80 and a beta of 0.14. The company has a 50-day moving average of $208.11 and a 200 day moving average of $208.14. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.14.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 25th. Shareholders of record on Tuesday, March 10th will be paid a dividend of $0.85 per share. The ex-dividend date of this dividend is Monday, March 9th. This represents a $3.40 dividend on an annualized basis and a yield of 1.61%. This is a positive change from CME Group’s previous quarterly dividend of $0.75. CME Group’s payout ratio is 43.99%.

In other news, Director Martin J. Gepsman sold 1,000 shares of the stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $201.16, for a total value of $201,160.00. Following the completion of the sale, the director now owns 34,905 shares of the company’s stock, valued at approximately $7,021,489.80. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Terrence A. Duffy sold 39,309 shares of the stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $202.38, for a total transaction of $7,955,355.42. Following the completion of the sale, the chief executive officer now directly owns 46,684 shares of the company’s stock, valued at approximately $9,447,907.92. The disclosure for this sale can be found here. 1.20% of the stock is owned by company insiders.

A number of brokerages have weighed in on CME. JPMorgan Chase & Co. lowered their target price on shares of CME Group from $183.00 to $173.00 and set an “underweight” rating on the stock in a research note on Friday, December 6th. Deutsche Bank increased their target price on shares of CME Group from $245.00 to $252.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Cfra increased their target price on shares of CME Group from $210.00 to $218.00 and gave the company a “hold” rating in a research report on Thursday. Sanford C. Bernstein downgraded shares of CME Group from an “outperform” rating to a “market perform” rating in a research note on Friday, January 10th. Finally, Oppenheimer started coverage on shares of CME Group in a research report on Wednesday. They set a “buy” rating and a $234.00 price target on the stock. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the stock. CME Group has an average rating of “Hold” and a consensus target price of $209.17.

CME Group Company Profile

CME Group Inc, through its subsidiaries, operates contract markets for the trading of futures and options on futures contracts worldwide. It offers a range of products across various asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, and metals, as well as fixed income products.

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Earnings History for CME Group (NASDAQ:CME)

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