Brokerages expect Nasdaq Inc (NASDAQ:NDAQ) to report $620.66 million in sales for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Nasdaq’s earnings, with the lowest sales estimate coming in at $612.63 million and the highest estimate coming in at $637.00 million. Nasdaq reported sales of $599.00 million in the same quarter last year, which indicates a positive year over year growth rate of 3.6%. The business is expected to report its next earnings report before the market opens on Wednesday, January 31st.
On average, analysts expect that Nasdaq will report full-year sales of $620.66 million for the current year, with estimates ranging from $2.40 billion to $2.43 billion. For the next fiscal year, analysts forecast that the firm will report sales of $2.56 billion per share, with estimates ranging from $2.50 billion to $2.61 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for Nasdaq.
Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $1.06 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.04. Nasdaq had a net margin of 6.72% and a return on equity of 12.69%. The business had revenue of $607.00 million during the quarter, compared to analyst estimates of $599.84 million. During the same period in the prior year, the business earned $0.91 EPS. The company’s revenue for the quarter was up 3.8% on a year-over-year basis.
Several research analysts have commented on NDAQ shares. Barclays started coverage on shares of Nasdaq in a report on Friday, September 8th. They issued an “overweight” rating and a $85.00 price objective for the company. Royal Bank of Canada restated a “hold” rating and issued a $76.00 price objective on shares of Nasdaq in a report on Monday, September 11th. Bank of America lowered shares of Nasdaq from a “neutral” rating to an “underperform” rating and decreased their price objective for the stock from $77.00 to $75.00 in a report on Monday, October 9th. Zacks Investment Research lowered shares of Nasdaq from a “hold” rating to a “sell” rating in a report on Monday, October 9th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $78.00 price objective on shares of Nasdaq in a report on Thursday, October 12th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. Nasdaq presently has a consensus rating of “Hold” and an average price target of $78.67.
In other news, EVP Pc Nelson Griggs sold 2,064 shares of the company’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $76.58, for a total value of $158,061.12. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.60% of the stock is owned by corporate insiders.
Large investors have recently added to or reduced their stakes in the company. YorkBridge Wealth Partners LLC grew its position in shares of Nasdaq by 13.9% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,454 shares of the financial services provider’s stock worth $104,000 after buying an additional 178 shares during the period. Invictus RG purchased a new stake in Nasdaq during the 3rd quarter valued at about $111,000. Pacer Advisors Inc. grew its position in Nasdaq by 8.6% during the 2nd quarter. Pacer Advisors Inc. now owns 2,568 shares of the financial services provider’s stock valued at $184,000 after purchasing an additional 203 shares during the last quarter. Conning Inc. purchased a new stake in Nasdaq during the 3rd quarter valued at about $200,000. Finally, MML Investors Services LLC purchased a new stake in Nasdaq during the 2nd quarter valued at about $201,000. 75.74% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Nasdaq (NDAQ) traded up $0.52 during midday trading on Wednesday, reaching $79.21. 926,725 shares of the company’s stock traded hands, compared to its average volume of 742,837. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.63. Nasdaq has a 1-year low of $65.98 and a 1-year high of $80.14. The company has a market cap of $13,080.35, a price-to-earnings ratio of 19.05, a PEG ratio of 2.05 and a beta of 0.79.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 15th were given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date was Thursday, December 14th. Nasdaq’s dividend payout ratio is presently 100.00%.
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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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