Equities research analysts forecast that MarketAxess Holdings Inc. (NASDAQ:MKTX) will announce $103.85 million in sales for the current quarter, according to Zacks. Three analysts have issued estimates for MarketAxess’ earnings. The lowest sales estimate is $100.85 million and the highest is $105.80 million. MarketAxess reported sales of $96.70 million in the same quarter last year, which would suggest a positive year over year growth rate of 7.4%. The business is expected to report its next earnings results on Wednesday, October 24th.

According to Zacks, analysts expect that MarketAxess will report full-year sales of $434.47 million for the current financial year, with estimates ranging from $432.30 million to $436.10 million. For the next financial year, analysts forecast that the company will report sales of $500.02 million per share, with estimates ranging from $485.30 million to $507.77 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that that provide coverage for MarketAxess.

MarketAxess (NASDAQ:MKTX) last released its quarterly earnings data on Wednesday, July 25th. The financial services provider reported $1.07 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.05 by $0.02. The company had revenue of $106.96 million during the quarter, compared to the consensus estimate of $106.41 million. MarketAxess had a net margin of 37.33% and a return on equity of 29.49%. MarketAxess’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same period last year, the firm earned $1.00 EPS.

Several research analysts recently commented on the stock. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $210.00 price objective on shares of MarketAxess in a report on Thursday, July 26th. BidaskClub raised shares of MarketAxess from a “hold” rating to a “buy” rating in a report on Friday, July 20th. Barclays initiated coverage on shares of MarketAxess in a report on Friday, September 7th. They issued an “equal weight” rating and a $200.00 price target for the company. Zacks Investment Research downgraded shares of MarketAxess from a “hold” rating to a “sell” rating in a report on Monday, September 10th. Finally, ValuEngine downgraded shares of MarketAxess from a “buy” rating to a “hold” rating in a report on Wednesday, June 6th. Two analysts have rated the stock with a sell rating and ten have assigned a hold rating to the stock. MarketAxess has a consensus rating of “Hold” and an average price target of $210.88.

MKTX traded up $2.32 on Wednesday, hitting $184.18. The company’s stock had a trading volume of 202,200 shares, compared to its average volume of 212,752. The company has a market cap of $6.83 billion, a PE ratio of 47.23, a price-to-earnings-growth ratio of 8.31 and a beta of 0.50. MarketAxess has a 12 month low of $171.45 and a 12 month high of $229.84.

In other news, CEO Richard M. Mcvey sold 10,959 shares of the firm’s stock in a transaction on Friday, August 3rd. The shares were sold at an average price of $189.31, for a total transaction of $2,074,648.29. Following the sale, the chief executive officer now owns 1,054,743 shares in the company, valued at approximately $199,673,397.33. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Nicholas Themelis sold 12,831 shares of the firm’s stock in a transaction on Tuesday, August 14th. The shares were sold at an average price of $186.51, for a total transaction of $2,393,109.81. The disclosure for this sale can be found here. Over the last three months, insiders sold 66,804 shares of company stock valued at $12,555,086. Insiders own 3.52% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. State of Alaska Department of Revenue raised its position in shares of MarketAxess by 32.2% during the 2nd quarter. State of Alaska Department of Revenue now owns 4,470 shares of the financial services provider’s stock valued at $884,000 after buying an additional 1,090 shares in the last quarter. BlackRock Inc. raised its position in shares of MarketAxess by 3.6% during the 2nd quarter. BlackRock Inc. now owns 3,411,494 shares of the financial services provider’s stock valued at $674,996,000 after buying an additional 117,686 shares in the last quarter. Riverhead Capital Management LLC raised its position in shares of MarketAxess by 2.8% during the 2nd quarter. Riverhead Capital Management LLC now owns 13,842 shares of the financial services provider’s stock valued at $2,739,000 after buying an additional 372 shares in the last quarter. Artisan Partners Limited Partnership purchased a new stake in shares of MarketAxess during the 2nd quarter valued at $54,723,000. Finally, Sterling Capital Management LLC purchased a new stake in shares of MarketAxess during the 2nd quarter valued at $1,245,000. Hedge funds and other institutional investors own 99.98% of the company’s stock.

About MarketAxess

MarketAxess Holdings Inc, together with its subsidiaries, operates an electronic trading platform that enables fixed-income market participants to trade corporate bonds and other types of fixed-income instruments worldwide. It offers institutional investor and broker-dealer the access to global liquidity in U.S.

Featured Story: S&P 500 Index

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

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

Earnings History and Estimates for MarketAxess (NASDAQ:MKTX)

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