$640.14 Million in Sales Expected for Nasdaq Inc (NDAQ) This Quarter
Wall Street brokerages expect Nasdaq Inc (NASDAQ:NDAQ) to post $640.14 million in sales for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Nasdaq’s earnings. The highest sales estimate is $649.00 million and the lowest is $629.00 million. Nasdaq posted sales of $666.00 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 3.9%. The firm is expected to report its next earnings results on Wednesday, April 24th.
On average, analysts expect that Nasdaq will report full year sales of $2.60 billion for the current financial year, with estimates ranging from $2.57 billion to $2.63 billion. For the next financial year, analysts anticipate that the business will post sales of $2.74 billion, with estimates ranging from $2.69 billion to $2.79 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Nasdaq.
Nasdaq (NASDAQ:NDAQ) last posted its earnings results on Wednesday, January 30th. The financial services provider reported $1.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.24 by $0.02. Nasdaq had a net margin of 10.71% and a return on equity of 14.53%. The company had revenue of $645.00 million during the quarter, compared to analysts’ expectations of $642.95 million. During the same quarter in the previous year, the company posted $1.05 earnings per share. Nasdaq’s quarterly revenue was up 2.4% compared to the same quarter last year.
In other Nasdaq news, EVP Pc Nelson Griggs sold 1,339 shares of Nasdaq stock in a transaction on Monday, February 25th. The shares were sold at an average price of $90.24, for a total transaction of $120,831.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Bradley J. Peterson sold 6,159 shares of Nasdaq stock in a transaction on Wednesday, January 30th. The stock was sold at an average price of $85.48, for a total transaction of $526,471.32. Following the sale, the insider now directly owns 39,482 shares of the company’s stock, valued at approximately $3,374,921.36. The disclosure for this sale can be found here. Insiders sold a total of 13,339 shares of company stock valued at $1,114,349 in the last 90 days. 0.40% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Verity & Verity LLC grew its holdings in Nasdaq by 11.2% during the 4th quarter. Verity & Verity LLC now owns 32,227 shares of the financial services provider’s stock worth $2,629,000 after acquiring an additional 3,240 shares during the period. Huntington National Bank grew its holdings in Nasdaq by 20.2% during the 4th quarter. Huntington National Bank now owns 34,509 shares of the financial services provider’s stock worth $2,815,000 after acquiring an additional 5,805 shares during the period. Penserra Capital Management LLC grew its holdings in Nasdaq by 386.6% during the 3rd quarter. Penserra Capital Management LLC now owns 20,242 shares of the financial services provider’s stock worth $1,736,000 after acquiring an additional 16,082 shares during the period. FMR LLC grew its holdings in Nasdaq by 0.5% during the 3rd quarter. FMR LLC now owns 1,659,626 shares of the financial services provider’s stock worth $142,396,000 after acquiring an additional 7,987 shares during the period. Finally, Ardevora Asset Management LLP grew its holdings in Nasdaq by 2.4% during the 4th quarter. Ardevora Asset Management LLP now owns 413,726 shares of the financial services provider’s stock worth $33,748,000 after acquiring an additional 9,800 shares during the period. 76.23% of the stock is owned by hedge funds and other institutional investors.
Shares of NASDAQ:NDAQ traded down $1.06 during trading on Monday, reaching $83.99. The stock had a trading volume of 744,179 shares, compared to its average volume of 899,451. Nasdaq has a 52 week low of $75.49 and a 52 week high of $96.84. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $14.07 billion, a P/E ratio of 17.35, a price-to-earnings-growth ratio of 2.05 and a beta of 0.64.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 15th will be given a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 2.10%. The ex-dividend date is Thursday, March 14th. Nasdaq’s dividend payout ratio (DPR) is presently 36.36%.
Nasdaq Company Profile
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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