Nasdaq, Inc. (NASDAQ:NDAQ) Expected to Post Q1 2021 Earnings of $1.57 Per Share


Share on StockTwits

Nasdaq, Inc. (NASDAQ:NDAQ) – Investment analysts at Piper Sandler boosted their Q1 2021 earnings estimates for shares of Nasdaq in a report issued on Tuesday, January 12th. Piper Sandler analyst R. Repetto now forecasts that the financial services provider will earn $1.57 per share for the quarter, up from their prior estimate of $1.54. Piper Sandler also issued estimates for Nasdaq’s Q2 2021 earnings at $1.53 EPS, Q4 2021 earnings at $1.54 EPS, FY2021 earnings at $6.16 EPS, Q2 2022 earnings at $1.58 EPS, Q3 2022 earnings at $1.62 EPS, Q4 2022 earnings at $1.66 EPS and FY2022 earnings at $6.43 EPS.

Nasdaq (NASDAQ:NDAQ) last announced its earnings results on Wednesday, October 21st. The financial services provider reported $1.53 EPS for the quarter, topping the consensus estimate of $1.45 by $0.08. The firm had revenue of $715.00 million for the quarter, compared to the consensus estimate of $691.07 million. Nasdaq had a net margin of 17.41% and a return on equity of 17.15%. The business’s quarterly revenue was up 13.1% on a year-over-year basis. During the same period last year, the company posted $1.27 EPS.

Other analysts also recently issued reports about the stock. Keefe, Bruyette & Woods upgraded shares of Nasdaq from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $141.00 to $143.50 in a report on Friday, November 20th. BidaskClub upgraded Nasdaq from a “sell” rating to a “hold” rating in a research note on Saturday, October 17th. ValuEngine lowered Nasdaq from a “hold” rating to a “sell” rating in a research note on Thursday, December 10th. Deutsche Bank Aktiengesellschaft raised their target price on Nasdaq from $159.00 to $163.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Barclays raised their target price on Nasdaq from $147.00 to $155.00 and gave the stock an “overweight” rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $134.17.

Shares of NDAQ stock opened at $142.49 on Thursday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.16 and a current ratio of 1.16. The company has a market capitalization of $23.37 billion, a P/E ratio of 26.10 and a beta of 0.77. The company’s 50 day moving average price is $129.96 and its two-hundred day moving average price is $127.83. Nasdaq has a 52 week low of $71.66 and a 52 week high of $143.50.

A number of hedge funds have recently modified their holdings of NDAQ. Jeppson Wealth Management LLC purchased a new position in Nasdaq in the 3rd quarter worth $31,000. NuWave Investment Management LLC increased its position in shares of Nasdaq by 1,029.2% during the 3rd quarter. NuWave Investment Management LLC now owns 271 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 247 shares in the last quarter. CWM LLC grew its holdings in Nasdaq by 182.6% during the 3rd quarter. CWM LLC now owns 568 shares of the financial services provider’s stock worth $70,000 after acquiring an additional 367 shares during the last quarter. Harvest Fund Management Co. Ltd grew its holdings in Nasdaq by 56.0% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 794 shares of the financial services provider’s stock worth $99,000 after acquiring an additional 285 shares during the last quarter. Finally, FinTrust Capital Advisors LLC grew its holdings in Nasdaq by 6,500.0% during the 2nd quarter. FinTrust Capital Advisors LLC now owns 1,320 shares of the financial services provider’s stock worth $157,000 after acquiring an additional 1,300 shares during the last quarter. Institutional investors and hedge funds own 72.59% of the company’s stock.

In other Nasdaq news, EVP Bryan Everard Smith sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 1st. The stock was sold at an average price of $130.00, for a total transaction of $130,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.60% of the company’s stock.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 18th. Stockholders of record on Friday, December 4th were paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date of this dividend was Thursday, December 3rd. Nasdaq’s dividend payout ratio (DPR) is 39.20%.

About Nasdaq

Nasdaq, Inc operates as a technology company that serves capital markets and other industries worldwide. The company's Market Services segment includes equity derivative trading and clearing, cash equity trading, fixed income and commodities trading and clearing, and trade management service businesses.

Further Reading: What is Call Option Volume?

Earnings History and Estimates for Nasdaq (NASDAQ:NDAQ)

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