Wall Street analysts forecast that Nasdaq Inc (NASDAQ:NDAQ) will report sales of $644.24 million for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Nasdaq’s earnings, with estimates ranging from $638.97 million to $648.00 million. Nasdaq reported sales of $583.00 million during the same quarter last year, which indicates a positive year-over-year growth rate of 10.5%. The company is scheduled to report its next earnings report before the market opens on Wednesday, April 25th.
According to Zacks, analysts expect that Nasdaq will report full-year sales of $2.56 billion for the current year, with estimates ranging from $2.53 billion to $2.59 billion. For the next year, analysts expect that the company will post sales of $2.65 billion per share, with estimates ranging from $2.58 billion to $2.74 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for 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 analysts’ consensus estimates of $1.00 by $0.05. Nasdaq had a net margin of 18.49% and a return on equity of 12.75%. The firm had revenue of $635.00 million during the quarter, compared to analysts’ expectations of $628.36 million. During the same period in the previous year, the company earned $0.95 EPS. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year.
A number of equities analysts recently commented on the stock. UBS reaffirmed a “buy” rating and set a $100.00 price target (up from $97.00) on shares of Nasdaq in a research note on Tuesday, March 6th. ValuEngine cut shares of Nasdaq from a “buy” rating to a “hold” rating in a research report on Wednesday, December 20th. BidaskClub cut shares of Nasdaq from a “hold” rating to a “sell” rating in a research report on Wednesday, December 20th. Raymond James boosted their price objective on shares of Nasdaq from $87.00 to $92.00 and gave the company an “outperform” rating in a research report on Tuesday, April 10th. Finally, Zacks Investment Research raised shares of Nasdaq from a “hold” rating to a “buy” rating and set a $90.00 price objective for the company in a research report on Wednesday, January 10th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $87.04.
Shares of NDAQ stock traded down $0.25 during trading hours on Friday, reaching $85.65. 853,256 shares of the stock were exchanged, compared to its average volume of 1,010,656. Nasdaq has a 12-month low of $65.98 and a 12-month high of $87.03. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.63. The stock has a market cap of $14,320.79, a PE ratio of 21.10, a P/E/G ratio of 1.89 and a beta of 0.64.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 29th. Shareholders of record on Friday, June 15th will be given a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 2.05%. This is a boost from Nasdaq’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Thursday, June 14th. Nasdaq’s payout ratio is 37.44%.
Nasdaq announced that its board has initiated a stock repurchase plan on Monday, January 29th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the financial services provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.
In other news, insider Lars Ottersgard sold 6,451 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $80.75, for a total value of $520,918.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Edward S. Knight sold 13,200 shares of the business’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $79.41, for a total transaction of $1,048,212.00. Following the completion of the sale, the insider now owns 73,569 shares of the company’s stock, valued at approximately $5,842,114.29. The disclosure for this sale can be found here. Over the last three months, insiders sold 23,668 shares of company stock valued at $1,895,994. 0.40% of the stock is owned by corporate insiders.
Large investors have recently bought and sold shares of the company. Delpha Capital Management LLC bought a new stake in shares of Nasdaq in the 4th quarter valued at about $103,000. Delta Asset Management LLC TN raised its holdings in shares of Nasdaq by 6,087.0% in 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 purchasing an additional 1,400 shares in the last quarter. ARK Investment Management LLC bought a new stake in shares of Nasdaq in the 4th quarter valued at about $122,000. Cerebellum GP LLC bought a new stake in shares of Nasdaq in the 4th quarter valued at about $125,000. Finally, AlphaOne Investment Services LLC bought a new stake in shares of Nasdaq in the 4th quarter valued at about $154,000. Institutional investors and hedge funds own 76.49% of the company’s stock.
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Nasdaq Company Profile
Nasdaq, Inc provides trading, clearing, marketplace technology, regulatory, securities listing, information, and public and private company services worldwide. The company's Market Services segment offers equity derivative trading and clearing; cash equity trading; fixed income and commodities trading and clearing; and trade management services.
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