Analysts predict that CBOE Holdings, Inc. (NASDAQ:CBOE) will announce sales of $267.10 million for the current quarter, Zacks reports. Four analysts have provided estimates for CBOE’s earnings, with the highest sales estimate coming in at $268.02 million and the lowest estimate coming in at $266.58 million. CBOE reported sales of $163.24 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 63.6%. The business is scheduled to report its next quarterly earnings results on Monday, February 5th.
On average, analysts expect that CBOE will report full-year sales of $267.10 million for the current financial year, with estimates ranging from $996.80 million to $998.02 million. For the next year, analysts expect that the company will post sales of $1.14 billion per share, with estimates ranging from $1.12 billion to $1.16 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that cover CBOE.
CBOE (NASDAQ:CBOE) last issued its quarterly earnings data on Tuesday, November 7th. The financial services provider reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.01. CBOE had a return on equity of 14.70% and a net margin of 10.55%. The firm had revenue of $269.70 million for the quarter, compared to analyst estimates of $270.14 million. During the same period in the prior year, the firm posted $0.72 EPS. The company’s revenue for the quarter was up 98.0% on a year-over-year basis.
CBOE has been the subject of several recent analyst reports. Bank of America upped their price objective on CBOE from $113.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday, October 9th. Zacks Investment Research upgraded CBOE from a “hold” rating to a “buy” rating and set a $121.00 price objective for the company in a research report on Monday, October 9th. Jefferies Group reiterated a “hold” rating and issued a $92.00 target price on shares of CBOE in a research report on Tuesday, October 3rd. Royal Bank of Canada set a $100.00 target price on CBOE and gave the company a “buy” rating in a research report on Monday, September 11th. Finally, Wells Fargo & Company reiterated an “outperform” rating and issued a $120.00 target price (up from $106.00) on shares of CBOE in a research report on Thursday, October 5th. They noted that the move was a valuation call. Eight analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $107.50.
In other news, VP Christopher A. Isaacson sold 7,019 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $124.42, for a total value of $873,303.98. Following the transaction, the vice president now owns 90,229 shares in the company, valued at $11,226,292.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Edward T. Tilly sold 5,000 shares of CBOE stock in a transaction on Monday, December 11th. The stock was sold at an average price of $126.28, for a total value of $631,400.00. Following the sale, the chairman now owns 70,611 shares in the company, valued at $8,916,757.08. The disclosure for this sale can be found here. Insiders sold 16,989 shares of company stock worth $2,059,320 in the last 90 days. Corporate insiders own 1.86% of the company’s stock.
A number of institutional investors have recently modified their holdings of the stock. FMR LLC grew its position in shares of CBOE by 16.1% in the second quarter. FMR LLC now owns 10,979,841 shares of the financial services provider’s stock valued at $1,003,557,000 after purchasing an additional 1,519,882 shares in the last quarter. Vanguard Group Inc. grew its position in CBOE by 23.8% during the second quarter. Vanguard Group Inc. now owns 9,823,514 shares of the financial services provider’s stock worth $897,869,000 after buying an additional 1,886,113 shares in the last quarter. BlackRock Inc. grew its position in CBOE by 30.7% during the second quarter. BlackRock Inc. now owns 6,411,674 shares of the financial services provider’s stock worth $586,026,000 after buying an additional 1,507,072 shares in the last quarter. State Street Corp grew its position in CBOE by 17.2% during the second quarter. State Street Corp now owns 4,114,972 shares of the financial services provider’s stock worth $376,120,000 after buying an additional 604,328 shares in the last quarter. Finally, Artisan Partners Limited Partnership grew its position in CBOE by 2.2% during the third quarter. Artisan Partners Limited Partnership now owns 2,318,655 shares of the financial services provider’s stock worth $249,557,000 after buying an additional 50,004 shares in the last quarter. Institutional investors and hedge funds own 83.65% of the company’s stock.
Shares of CBOE (NASDAQ:CBOE) traded down $1.14 during midday trading on Wednesday, reaching $124.65. The company’s stock had a trading volume of 1,585,000 shares, compared to its average volume of 1,116,313. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.46. CBOE has a 52-week low of $72.54 and a 52-week high of $128.32. The firm has a market cap of $14,271.86, a price-to-earnings ratio of 39.68, a price-to-earnings-growth ratio of 2.11 and a beta of 0.52.
The business also recently announced a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were issued a $0.27 dividend. The ex-dividend date was Thursday, November 30th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.87%. CBOE’s dividend payout ratio is presently 58.70%.
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CBOE 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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