$621.21 Million in Sales Expected for Nasdaq Inc (NDAQ) This Quarter
Equities analysts expect Nasdaq Inc (NASDAQ:NDAQ) to report sales of $621.21 million for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Nasdaq’s earnings, with the highest sales estimate coming in at $622.84 million and the lowest estimate coming in at $620.00 million. Nasdaq reported sales of $635.00 million in the same quarter last year, which would indicate a negative year over year growth rate of 2.2%. The company is expected to report its next earnings results on Wednesday, January 30th.
On average, analysts expect that Nasdaq will report full year sales of $2.50 billion for the current fiscal year, with estimates ranging from $2.50 billion to $2.51 billion. For the next fiscal year, analysts forecast that the company will post sales of $2.57 billion, with estimates ranging from $2.56 billion to $2.58 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Nasdaq.
Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings results on Wednesday, October 24th. The financial services provider reported $1.15 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.14 by $0.01. The company had revenue of $600.00 million during the quarter, compared to the consensus estimate of $605.67 million. Nasdaq had a return on equity of 13.69% and a net margin of 17.95%. Nasdaq’s revenue for the quarter was down .5% on a year-over-year basis. During the same period in the previous year, the business earned $1.01 EPS.
In other Nasdaq news, Director Lars Wedenborn sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, November 28th. The stock was sold at an average price of $89.94, for a total transaction of $224,850.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ann M. Dennison sold 1,553 shares of the company’s stock in a transaction that occurred on Monday, October 29th. The shares were sold at an average price of $83.67, for a total value of $129,939.51. The disclosure for this sale can be found here. 0.40% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently bought and sold shares of the business. First Hawaiian Bank purchased a new stake in Nasdaq during the 3rd quarter valued at approximately $101,000. Federated Investors Inc. PA acquired a new position in Nasdaq during the 3rd quarter worth approximately $106,000. Legacy Advisors LLC acquired a new position in Nasdaq during the 3rd quarter worth approximately $116,000. Piedmont Investment Advisors LLC acquired a new position in Nasdaq during the 2nd quarter worth approximately $125,000. Finally, Ancora Advisors LLC acquired a new position in Nasdaq during the 3rd quarter worth approximately $130,000. 75.53% of the stock is owned by hedge funds and other institutional investors.
NASDAQ NDAQ traded down $0.48 during trading on Friday, reaching $86.54. 535,862 shares of the company’s stock were exchanged, compared to its average volume of 901,522. The company has a market capitalization of $14.27 billion, a price-to-earnings ratio of 21.32, a price-to-earnings-growth ratio of 1.91 and a beta of 0.50. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.94 and a quick ratio of 0.94. Nasdaq has a 1 year low of $72.98 and a 1 year high of $96.84.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Stockholders of record on Friday, December 14th will be issued a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 2.03%. The ex-dividend date is Thursday, December 13th. Nasdaq’s payout ratio is currently 43.35%.
Nasdaq, Inc provides trading, clearing, marketplace technology, regulatory, securities listing, information, and public and private company services worldwide. The company's Market Services segment offers equity derivative trading and clearing; cash equity trading; fixed income and commodities trading and clearing; and trade management services.
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