Wall Street analysts predict that Cboe Global Markets Inc (NASDAQ:CBOE) will post earnings per share of $1.10 for the current quarter, Zacks reports. Four analysts have provided estimates for Cboe Global Markets’ earnings, with the lowest EPS estimate coming in at $1.03 and the highest estimate coming in at $1.20. Cboe Global Markets reported earnings per share of $0.87 during the same quarter last year, which suggests a positive year-over-year growth rate of 26.4%. The firm is expected to report its next earnings report on Friday, August 3rd.

According to Zacks, analysts expect that Cboe Global Markets will report full year earnings of $4.68 per share for the current fiscal year, with EPS estimates ranging from $4.52 to $4.90. For the next financial year, analysts forecast that the business will report earnings of $5.00 per share, with EPS estimates ranging from $4.63 to $5.24. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that follow Cboe Global Markets.

Cboe Global Markets (NASDAQ:CBOE) last announced its quarterly earnings data on Friday, May 4th. The financial services provider reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.11. Cboe Global Markets had a return on equity of 15.06% and a net margin of 18.82%. The company had revenue of $328.50 million during the quarter, compared to analyst estimates of $313.78 million. During the same quarter last year, the firm posted $0.78 EPS. The firm’s revenue for the quarter was up 69.9% on a year-over-year basis.

CBOE has been the subject of several recent research reports. BidaskClub lowered Cboe Global Markets from a “buy” rating to a “hold” rating in a report on Thursday, February 1st. JPMorgan Chase & Co. downgraded Cboe Global Markets from an “overweight” rating to a “neutral” rating and set a $84.00 target price for the company. in a research note on Wednesday, February 7th. Goldman Sachs Group downgraded Cboe Global Markets from a “buy” rating to a “neutral” rating in a research note on Wednesday, February 7th. Wells Fargo & Co restated an “outperform” rating and issued a $120.00 target price (down previously from $138.00) on shares of Cboe Global Markets in a research note on Monday, February 12th. Finally, Citigroup cut their target price on Cboe Global Markets from $125.00 to $120.00 and set a “neutral” rating for the company in a research note on Monday, February 12th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $119.17.

CBOE traded up $0.31 during trading hours on Friday, hitting $103.09. The stock had a trading volume of 883,681 shares, compared to its average volume of 1,208,789. Cboe Global Markets has a 1 year low of $85.86 and a 1 year high of $138.54. The firm has a market cap of $11.60 billion, a P/E ratio of 30.14, a price-to-earnings-growth ratio of 1.30 and a beta of 0.63. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.33 and a current ratio of 1.33.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 15th. Shareholders of record on Friday, June 1st will be paid a $0.27 dividend. The ex-dividend date of this dividend is Thursday, May 31st. This represents a $1.08 annualized dividend and a yield of 1.05%. Cboe Global Markets’s dividend payout ratio is currently 31.58%.

Cboe Global Markets announced that its Board of Directors has initiated a share buyback plan on Tuesday, February 27th that allows the company to buyback $150.00 million in shares. This buyback authorization allows the financial services provider to reacquire shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

In other news, VP Brian N. Schell sold 5,000 shares of Cboe Global Markets stock in a transaction dated Friday, May 18th. The stock was sold at an average price of $108.30, for a total transaction of $541,500.00. Following the completion of the sale, the vice president now owns 50,541 shares in the company, valued at approximately $5,473,590.30. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.89% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. boosted its position in shares of Cboe Global Markets by 10.8% during the 4th quarter. BlackRock Inc. now owns 8,088,983 shares of the financial services provider’s stock valued at $1,007,804,000 after acquiring an additional 786,423 shares during the last quarter. Renaissance Technologies LLC lifted its position in Cboe Global Markets by 3.0% in the 4th quarter. Renaissance Technologies LLC now owns 4,520,000 shares of the financial services provider’s stock worth $563,147,000 after buying an additional 130,300 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Cboe Global Markets by 5.8% in the 4th quarter. Bank of New York Mellon Corp now owns 1,597,647 shares of the financial services provider’s stock worth $199,050,000 after buying an additional 87,229 shares during the last quarter. American Century Companies Inc. lifted its position in Cboe Global Markets by 19.2% in the 1st quarter. American Century Companies Inc. now owns 1,496,855 shares of the financial services provider’s stock worth $170,791,000 after buying an additional 241,485 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in Cboe Global Markets by 9.6% in the 4th quarter. Geode Capital Management LLC now owns 1,359,149 shares of the financial services provider’s stock worth $169,034,000 after buying an additional 118,812 shares during the last quarter. Hedge funds and other institutional investors own 82.66% of the company’s stock.

Cboe Global Markets Company Profile

Cboe Global Markets, Inc, through its subsidiaries, operates as an options exchange in the United States. The company operates in five segments: Options, U.S. Equities, Futures, European Equities, and Global FX. The Options segment trades in listed market indexes. The U.S. Equities segment trades in listed cash equities; and provides exchange-traded products (ETP) transaction and ETP listing services.

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

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