Analysts expect MarketAxess Holdings, Inc. (NASDAQ:MKTX) to announce $99.00 million in sales for the current quarter, Zacks reports. Two analysts have provided estimates for MarketAxess Holdings’ earnings. The lowest sales estimate is $95.20 million and the highest is $102.80 million. MarketAxess Holdings posted sales of $94.44 million in the same quarter last year, which suggests a positive year over year growth rate of 4.8%. The firm is scheduled to announce its next quarterly earnings results on Wednesday, January 24th.

According to Zacks, analysts expect that MarketAxess Holdings will report full year sales of $99.00 million for the current year, with estimates ranging from $393.20 million to $400.70 million. For the next year, analysts expect that the firm will report sales of $463.65 million per share, with estimates ranging from $461.00 million to $466.30 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover MarketAxess Holdings.

MarketAxess Holdings (NASDAQ:MKTX) last announced its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $0.90 EPS for the quarter, meeting the consensus estimate of $0.90. The business had revenue of $96.70 million during the quarter, compared to analyst estimates of $96.35 million. MarketAxess Holdings had a return on equity of 30.12% and a net margin of 37.67%. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.82 earnings per share.

Several research firms have recently issued reports on MKTX. Zacks Investment Research lowered MarketAxess Holdings from a “hold” rating to a “sell” rating in a research report on Thursday, October 5th. BidaskClub lowered MarketAxess Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, August 16th. Finally, Raymond James Financial, Inc. lifted their price target on MarketAxess Holdings from $216.00 to $219.00 and gave the stock an “outperform” rating in a research report on Thursday, July 27th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $192.40.

MarketAxess Holdings (NASDAQ MKTX) opened at $173.49 on Friday. The stock has a market capitalization of $6,512.29, a PE ratio of 44.60 and a beta of 0.66. MarketAxess Holdings has a 52-week low of $145.10 and a 52-week high of $211.06.

MarketAxess Holdings announced that its board has approved a stock repurchase program on Wednesday, October 25th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the financial services provider to purchase shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its shares are undervalued.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Wednesday, November 8th will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 0.76%. The ex-dividend date of this dividend is Tuesday, November 7th. MarketAxess Holdings’s dividend payout ratio is presently 33.93%.

TRADEMARK VIOLATION NOTICE: “$99.00 Million in Sales Expected for MarketAxess Holdings, Inc. (MKTX) This Quarter” was first reported by Watch List News and is the sole property of of Watch List News. If you are reading this report on another website, it was copied illegally and reposted in violation of US & international trademark & copyright laws. The correct version of this report can be read at https://www.watchlistnews.com/99-00-million-in-sales-expected-for-marketaxess-holdings-inc-mktx-this-quarter/1697577.html.

In related news, CEO Richard M. Mcvey sold 35,000 shares of MarketAxess Holdings stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $178.29, for a total value of $6,240,150.00. Following the completion of the sale, the chief executive officer now directly owns 1,113,076 shares in the company, valued at approximately $198,450,320.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Nicholas Themelis sold 4,000 shares of MarketAxess Holdings stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $176.40, for a total value of $705,600.00. The disclosure for this sale can be found here. 4.02% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MKTX. Janus Henderson Group PLC increased its holdings in MarketAxess Holdings by 178.5% in the 2nd quarter. Janus Henderson Group PLC now owns 807,088 shares of the financial services provider’s stock worth $162,306,000 after buying an additional 517,309 shares in the last quarter. Eagle Asset Management Inc. bought a new stake in MarketAxess Holdings in the 2nd quarter worth about $32,252,000. Baillie Gifford & Co. increased its holdings in MarketAxess Holdings by 5.1% in the 2nd quarter. Baillie Gifford & Co. now owns 2,752,949 shares of the financial services provider’s stock worth $553,618,000 after buying an additional 134,588 shares in the last quarter. FMR LLC increased its holdings in MarketAxess Holdings by 36.7% in the 2nd quarter. FMR LLC now owns 491,713 shares of the financial services provider’s stock worth $98,883,000 after buying an additional 131,911 shares in the last quarter. Finally, Wells Fargo & Company MN increased its holdings in MarketAxess Holdings by 10.3% in the 3rd quarter. Wells Fargo & Company MN now owns 1,232,534 shares of the financial services provider’s stock worth $227,415,000 after buying an additional 115,038 shares in the last quarter. Institutional investors own 90.02% of the company’s stock.

About MarketAxess Holdings

MarketAxess Holdings Inc operates an electronic trading platform that enables fixed-income market participants to trade corporate bonds and other types of fixed-income instruments using its trading technology. Institutional investor and broker-dealer firms are users of trading platform, accessing global liquidity in the United States corporate bonds, emerging markets and high-yield bonds, European bonds, the United States agency bonds, municipal bonds, credit default swaps and other fixed-income securities.

Get a free copy of the Zacks research report on MarketAxess Holdings (MKTX)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for MarketAxess Holdings (NASDAQ:MKTX)

Receive News & Ratings for MarketAxess Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MarketAxess Holdings Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.