Cboe Global Markets (CBOE) Issues Earnings Results, Misses Estimates By $0.01 EPS
Cboe Global Markets (NASDAQ:CBOE) posted its quarterly earnings data on Friday. The financial services provider reported $0.87 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.88 by ($0.01), Bloomberg Earnings reports. Cboe Global Markets had a net margin of 10.55% and a return on equity of 14.70%. The company had revenue of $265.60 million for the quarter, compared to the consensus estimate of $267.25 million. During the same period last year, the business earned $0.63 EPS. The firm’s quarterly revenue was up 85.7% on a year-over-year basis.
Cboe Global Markets (NASDAQ CBOE) traded down $4.04 during trading on Friday, hitting $107.11. The company’s stock had a trading volume of 6,806,650 shares, compared to its average volume of 1,464,676. The company has a market cap of $12,152.49, a price-to-earnings ratio of 30.17, a price-to-earnings-growth ratio of 1.15 and a beta of 0.46. Cboe Global Markets has a twelve month low of $76.75 and a twelve month high of $138.54. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.46.
A number of research analysts recently weighed in on CBOE shares. Goldman Sachs Group lowered Cboe Global Markets from a “buy” rating to a “neutral” rating in a research report on Wednesday. Wells Fargo & Co raised their price objective on Cboe Global Markets from $4.75 to $138.00 and gave the company an “outperform” rating in a research report on Friday, January 5th. BidaskClub lowered Cboe Global Markets from a “buy” rating to a “hold” rating in a research report on Tuesday, January 16th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $130.00 price objective on shares of Cboe Global Markets in a research report on Friday, December 22nd. Finally, Citigroup lifted their target price on Cboe Global Markets from $93.00 to $115.00 and gave the stock a “neutral” rating in a report on Thursday, October 19th. Nine investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $114.70.
Several hedge funds have recently added to or reduced their stakes in CBOE. Thrivent Financial For Lutherans boosted its stake in shares of Cboe Global Markets by 3.6% in the 2nd quarter. Thrivent Financial For Lutherans now owns 3,480 shares of the financial services provider’s stock worth $318,000 after buying an additional 120 shares during the last quarter. Advisor Group Inc. boosted its stake in shares of Cboe Global Markets by 0.9% in the 2nd quarter. Advisor Group Inc. now owns 2,278 shares of the financial services provider’s stock worth $208,000 after buying an additional 21 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Cboe Global Markets by 0.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 407,945 shares of the financial services provider’s stock worth $37,286,000 after buying an additional 3,126 shares during the last quarter. Employees Retirement System of Texas boosted its stake in shares of Cboe Global Markets by 56.4% in the 2nd quarter. Employees Retirement System of Texas now owns 22,185 shares of the financial services provider’s stock worth $2,028,000 after buying an additional 8,000 shares during the last quarter. Finally, AHL Partners LLP purchased a new position in shares of Cboe Global Markets in the 2nd quarter worth $955,000. Hedge funds and other institutional investors own 83.99% of the company’s stock.
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Cboe Global Markets Company Profile
Cboe Global Markets, Inc, formerly CBOE Holdings, Inc, is a holding company. The Company provides trading and investment solutions to investors around the world. It offers trading across a diverse range of products in multiple asset classes and geographies, including options, futures, United States and European equities, exchange-traded products (ETPs), global foreign exchange (FX) and multi-asset volatility products based on the Cboe Volatility Index (VIX Index).
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