Nasdaq, Inc. (NDAQ) Set to Announce Earnings on Tuesday
Nasdaq, Inc. (NASDAQ:NDAQ) will be posting its quarterly earnings results before the market opens on Tuesday, October 24th. Analysts expect Nasdaq to post earnings of $1.03 per share for the quarter.
Nasdaq (NASDAQ:NDAQ) last issued its earnings results on Wednesday, July 26th. The financial services provider reported $1.02 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.06. Nasdaq had a net margin of 5.76% and a return on equity of 12.19%. The company had revenue of $602.00 million for the quarter, compared to analysts’ expectations of $596.55 million. During the same quarter last year, the company posted $0.91 earnings per share. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. On average, analysts expect Nasdaq to post $4.16 EPS for the current fiscal year and $4.51 EPS for the next fiscal year.
Shares of Nasdaq, Inc. (NASDAQ:NDAQ) opened at 72.92 on Friday. The stock has a market cap of $12.16 billion, a PE ratio of 55.41 and a beta of 0.77. Nasdaq, Inc. has a one year low of $63.30 and a one year high of $78.31. The company has a 50-day moving average of $75.42 and a 200 day moving average of $72.14.
The business also recently declared a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were paid a dividend of $0.38 per share. The ex-dividend date was Thursday, September 14th. This represents a $1.52 dividend on an annualized basis and a yield of 2.08%. Nasdaq’s payout ratio is 118.75%.
A number of research analysts have issued reports on NDAQ shares. BidaskClub upgraded shares of Nasdaq from a “hold” rating to a “buy” rating in a research note on Friday, August 4th. Barclays PLC began coverage on shares of Nasdaq in a report on Friday, September 8th. They issued an “overweight” rating and a $85.00 price objective on the stock. Zacks Investment Research downgraded shares of Nasdaq from a “hold” rating to a “sell” rating in a report on Monday, October 9th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $78.00 price objective on shares of Nasdaq in a report on Thursday, October 12th. Finally, Royal Bank Of Canada set a $74.00 price objective on shares of Nasdaq and gave the company a “hold” rating in a report on Monday, July 17th. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $77.50.
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In related news, insider Ann M. Dennison sold 1,170 shares of the stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $76.32, for a total transaction of $89,294.40. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Lars Wedenborn sold 3,045 shares of the stock in a transaction on Friday, August 18th. The stock was sold at an average price of $76.13, for a total transaction of $231,815.85. The disclosure for this sale can be found here. Insiders have sold 36,844 shares of company stock worth $2,788,100 over the last three months. 1.60% of the stock is currently owned by insiders.
Nasdaq, Inc (Nasdaq) is a holding company. The Company is a provider of trading, clearing, exchange technology, regulatory, securities listing, information and public company services. It manages, operates and provides its products and services through four segments: Market Services, Corporate Services, Information Services and Market Technology.
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