Wall Street analysts forecast that Nasdaq Inc (NASDAQ:NDAQ) will report sales of $630.74 million for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Nasdaq’s earnings, with estimates ranging from $624.00 million to $638.97 million. Nasdaq reported sales of $583.00 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 8.2%. The company is expected to issue its next earnings results on Wednesday, April 25th.
According to Zacks, analysts expect that Nasdaq will report full year sales of $630.74 million for the current fiscal year, with estimates ranging from $2.52 billion to $2.58 billion. For the next year, analysts expect that the business will report sales of $2.63 billion per share, with estimates ranging from $2.55 billion to $2.72 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Nasdaq.
Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings results on Wednesday, January 31st. The financial services provider reported $1.05 EPS for the quarter, topping the consensus estimate of $1.00 by $0.05. The firm had revenue of $635.00 million for the quarter, compared to analyst estimates of $628.36 million. Nasdaq had a return on equity of 12.75% and a net margin of 18.49%. Nasdaq’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.95 EPS.
A number of brokerages have issued reports on NDAQ. Zacks Investment Research lowered Nasdaq from a “buy” rating to a “hold” rating in a research report on Tuesday. BidaskClub raised Nasdaq from a “hold” rating to a “buy” rating in a research report on Thursday, March 8th. Deutsche Bank upped their target price on Nasdaq from $89.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, March 6th. UBS Group reaffirmed a “buy” rating and issued a $100.00 target price (up from $97.00) on shares of Nasdaq in a research report on Tuesday, March 6th. Finally, Bank of America upped their target price on Nasdaq from $79.00 to $82.00 and gave the company an “underperform” rating in a research report on Thursday, February 1st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $84.23.
Nasdaq (NASDAQ:NDAQ) traded down $0.29 during trading on Monday, reaching $84.08. The company had a trading volume of 658,238 shares, compared to its average volume of 1,020,156. Nasdaq has a 12-month low of $65.98 and a 12-month high of $87.00. The firm has a market cap of $14,050.00, a price-to-earnings ratio of 22.07, a PEG ratio of 1.82 and a beta of 0.70. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.63.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, March 16th will be given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date of this dividend is Thursday, March 15th. Nasdaq’s payout ratio is 39.90%.
Nasdaq announced that its board has initiated a stock buyback plan on Monday, January 29th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the financial services provider to purchase shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s management believes its stock is undervalued.
In related news, insider Bradley J. Peterson sold 19,169 shares of the company’s stock in a transaction that occurred on Friday, January 12th. The stock was sold at an average price of $80.70, for a total transaction of $1,546,938.30. Following the sale, the insider now directly owns 32,214 shares of the company’s stock, valued at approximately $2,599,669.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Lars Ottersgard sold 6,451 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $80.75, for a total value of $520,918.25. The disclosure for this sale can be found here. Over the last three months, insiders have sold 42,837 shares of company stock worth $3,442,932. Corporate insiders own 1.60% of the company’s stock.
Hedge funds have recently bought and sold shares of the stock. Delpha Capital Management LLC acquired a new stake in shares of Nasdaq during the 4th quarter valued at approximately $103,000. Delta Asset Management LLC TN raised its position in shares of Nasdaq by 6,087.0% during the 4th quarter. Delta Asset Management LLC TN now owns 1,423 shares of the financial services provider’s stock valued at $109,000 after acquiring an additional 1,400 shares in the last quarter. Invictus RG acquired a new stake in shares of Nasdaq during the 3rd quarter valued at approximately $111,000. ARK Investment Management LLC acquired a new stake in shares of Nasdaq during the 4th quarter valued at approximately $122,000. Finally, Cerebellum GP LLC acquired a new stake in shares of Nasdaq during the 4th quarter valued at approximately $125,000. 76.87% of the stock is currently owned by institutional investors and hedge funds.
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Nasdaq Company Profile
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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