MarketAxess (NASDAQ:MKTX) will post its quarterly earnings results before the market opens on Wednesday, April 25th. Analysts expect MarketAxess to post earnings of $1.25 per share for the quarter.
MarketAxess (NASDAQ:MKTX) last released its quarterly earnings results on Wednesday, January 31st. The financial services provider reported $0.89 EPS for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.01. The company had revenue of $99.57 million for the quarter, compared to analyst estimates of $98.70 million. MarketAxess had a return on equity of 29.54% and a net margin of 37.26%. On average, analysts expect MarketAxess to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.
NASDAQ MKTX opened at $205.99 on Wednesday. The stock has a market cap of $7,603.74, a PE ratio of 52.82 and a beta of 0.57. MarketAxess has a one year low of $171.45 and a one year high of $229.84.
A number of equities research analysts have recently commented on the company. Keefe, Bruyette & Woods lowered MarketAxess from an “outperform” rating to a “market perform” rating in a research report on Thursday, April 12th. Zacks Investment Research downgraded MarketAxess from a “hold” rating to a “sell” rating in a report on Thursday, April 5th. BidaskClub downgraded MarketAxess from a “buy” rating to a “hold” rating in a report on Wednesday, April 4th. Sandler O’Neill reiterated a “hold” rating and set a $215.00 price objective on shares of MarketAxess in a report on Wednesday, April 4th. Finally, ValuEngine upgraded MarketAxess from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. One analyst has rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $214.50.
In related news, CEO Richard M. Mcvey sold 35,000 shares of the stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $190.61, for a total transaction of $6,671,350.00. Following the completion of the transaction, the chief executive officer now directly owns 1,115,767 shares in the company, valued at $212,676,347.87. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Nicholas Themelis sold 5,400 shares of the stock in a transaction dated Friday, March 9th. The stock was sold at an average price of $218.11, for a total value of $1,177,794.00. Following the transaction, the insider now owns 57,927 shares of the company’s stock, valued at $12,634,457.97. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 55,125 shares of company stock valued at $10,849,545. 4.02% of the stock is owned by corporate insiders.
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MarketAxess Company Profile
MarketAxess Holdings Inc, together with its subsidiaries, operates an electronic trading platform that enables fixed-income market participants to trade corporate bonds and other types of fixed-income instruments worldwide. It offers institutional investor and broker-dealer the access to global liquidity in U.S.
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