Cboe Global Markets, Inc. Expected to Post Q3 2021 Earnings of $1.37 Per Share (NASDAQ:CBOE)

Cboe Global Markets, Inc. (NASDAQ:CBOE) – Research analysts at Oppenheimer increased their Q3 2021 earnings per share (EPS) estimates for Cboe Global Markets in a report issued on Tuesday, October 12th. Oppenheimer analyst O. Lau now anticipates that the company will post earnings of $1.37 per share for the quarter, up from their prior forecast of $1.23. Oppenheimer also issued estimates for Cboe Global Markets’ Q4 2021 earnings at $1.29 EPS, FY2021 earnings at $5.57 EPS, Q1 2022 earnings at $1.48 EPS, Q2 2022 earnings at $1.40 EPS, Q3 2022 earnings at $1.50 EPS, Q4 2022 earnings at $1.45 EPS, FY2022 earnings at $5.83 EPS and FY2023 earnings at $6.36 EPS.

Cboe Global Markets (NASDAQ:CBOE) last posted its earnings results on Thursday, July 29th. The company reported $1.38 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.36 by $0.02. The company had revenue of $350.60 million during the quarter, compared to analyst estimates of $346.64 million. Cboe Global Markets had a return on equity of 16.65% and a net margin of 12.73%. The business’s revenue was up 18.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.31 earnings per share.

Other equities analysts have also issued reports about the company. Zacks Investment Research lowered Cboe Global Markets from a “buy” rating to a “hold” rating and set a $124.00 target price for the company. in a report on Tuesday, June 22nd. UBS Group upped their target price on Cboe Global Markets from $111.00 to $124.00 and gave the company a “neutral” rating in a report on Wednesday, July 7th. Argus boosted their price objective on Cboe Global Markets from $120.00 to $133.00 and gave the stock a “buy” rating in a research report on Wednesday, August 4th. Compass Point upgraded Cboe Global Markets from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $125.00 to $140.00 in a research report on Thursday, October 7th. Finally, Piper Sandler boosted their price objective on Cboe Global Markets from $113.00 to $117.00 and gave the stock an “overweight” rating in a research report on Monday, July 12th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, Cboe Global Markets has an average rating of “Buy” and an average target price of $191.57.

NASDAQ:CBOE opened at $124.96 on Thursday. The firm has a market capitalization of $13.33 billion, a PE ratio of 30.70 and a beta of 0.66. The stock has a 50 day moving average of $124.62 and a 200-day moving average of $116.06. Cboe Global Markets has a 52 week low of $77.63 and a 52 week high of $139.00. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.38.

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 15th. Shareholders of record on Tuesday, August 31st were given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 1.54%. This is an increase from Cboe Global Markets’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Monday, August 30th. Cboe Global Markets’s dividend payout ratio is 36.43%.

In other Cboe Global Markets news, CEO Edward T. Tilly sold 7,500 shares of the company’s stock in a transaction that occurred on Tuesday, August 3rd. The stock was sold at an average price of $119.93, for a total value of $899,475.00. Following the completion of the sale, the chief executive officer now directly owns 162,574 shares in the company, valued at $19,497,499.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.56% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. PNC Managed Account Solutions Inc. bought a new position in shares of Cboe Global Markets in the second quarter valued at $28,000. Ameritas Investment Company LLC bought a new position in shares of Cboe Global Markets in the first quarter valued at $34,000. Advisory Services Network LLC bought a new position in shares of Cboe Global Markets in the second quarter valued at $34,000. Berman Capital Advisors LLC increased its holdings in shares of Cboe Global Markets by 296.4% in the second quarter. Berman Capital Advisors LLC now owns 333 shares of the company’s stock valued at $39,000 after buying an additional 249 shares in the last quarter. Finally, Fifth Third Bancorp increased its holdings in shares of Cboe Global Markets by 33.9% in the second quarter. Fifth Third Bancorp now owns 332 shares of the company’s stock valued at $40,000 after buying an additional 84 shares in the last quarter. 79.76% of the stock is currently owned by institutional investors.

Cboe Global Markets Company Profile

Cboe Global Markets, Inc engages in the provision of trading and investment solutions to investors. It operates through the following business segments: Options, North American Equities, Futures, European Equities, and Global FX. The Options segment includes options exchange business, which lists for trading options on market indexes (index options), as well as on non-exclusive multiply-listed options.

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Earnings History and Estimates for Cboe Global Markets (NASDAQ:CBOE)

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