Nasdaq Inc (NDAQ) Expected to Announce Earnings of $1.18 Per Share

Analysts expect Nasdaq Inc (NASDAQ:NDAQ) to report earnings per share of $1.18 for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Nasdaq’s earnings, with the highest EPS estimate coming in at $1.22 and the lowest estimate coming in at $1.12. Nasdaq reported earnings of $1.02 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 15.7%. The firm is scheduled to issue its next earnings results on Wednesday, July 25th.

On average, analysts expect that Nasdaq will report full-year earnings of $4.90 per share for the current fiscal year, with EPS estimates ranging from $4.79 to $4.97. For the next fiscal year, analysts forecast that the company will post earnings of $5.35 per share, with EPS estimates ranging from $5.26 to $5.40. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that that provide coverage for Nasdaq.

Nasdaq (NASDAQ:NDAQ) last announced its earnings results on Wednesday, April 25th. The financial services provider reported $1.24 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.20 by $0.04. The firm had revenue of $735.00 million during the quarter, compared to analyst estimates of $649.55 million. Nasdaq had a net margin of 17.88% and a return on equity of 12.93%. Nasdaq’s revenue was up 21.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.10 EPS.

Several equities analysts have recently weighed in on the stock. UBS raised their price objective on shares of Nasdaq from $100.00 to $101.00 and gave the company a “buy” rating in a research report on Thursday, April 26th. Bank of America set a $82.00 price objective on shares of Nasdaq and gave the company a “sell” rating in a research report on Wednesday, April 25th. JPMorgan Chase raised their price objective on shares of Nasdaq from $87.00 to $89.00 and gave the company a “neutral” rating in a research report on Thursday, April 26th. Wells Fargo raised their price objective on shares of Nasdaq from $85.00 to $95.00 and gave the company an “outperform” rating in a research report on Thursday, March 29th. Finally, Zacks Investment Research lowered shares of Nasdaq from a “buy” rating to a “hold” rating in a research report on Wednesday, April 11th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $88.27.

In other Nasdaq news, EVP Edward S. Knight sold 26,258 shares of the company’s stock in a transaction dated Friday, April 27th. The shares were sold at an average price of $88.20, for a total transaction of $2,315,955.60. Following the completion of the sale, the executive vice president now directly owns 86,627 shares of the company’s stock, valued at $7,640,501.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Pc Nelson Griggs sold 2,000 shares of the company’s stock in a transaction dated Wednesday, May 9th. The shares were sold at an average price of $89.42, for a total transaction of $178,840.00. The disclosure for this sale can be found here. Insiders have sold 29,658 shares of company stock valued at $2,618,346 over the last ninety days. Insiders own 0.40% of the company’s stock.

A number of hedge funds have recently bought and sold shares of NDAQ. Nisa Investment Advisors LLC lifted its stake in Nasdaq by 4.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 58,425 shares of the financial services provider’s stock valued at $4,489,000 after buying an additional 2,700 shares in the last quarter. Bank of Montreal Can lifted its stake in Nasdaq by 628.6% during the fourth quarter. Bank of Montreal Can now owns 270,150 shares of the financial services provider’s stock valued at $20,755,000 after buying an additional 233,073 shares in the last quarter. First National Trust Co lifted its stake in Nasdaq by 31.6% during the fourth quarter. First National Trust Co now owns 24,031 shares of the financial services provider’s stock valued at $1,847,000 after buying an additional 5,774 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its stake in Nasdaq by 3.2% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 402,127 shares of the financial services provider’s stock valued at $30,896,000 after buying an additional 12,564 shares in the last quarter. Finally, Fox Run Management L.L.C. purchased a new stake in Nasdaq during the fourth quarter valued at about $377,000. 75.57% of the stock is owned by institutional investors.

Shares of Nasdaq opened at $90.07 on Thursday, according to Marketbeat. The stock has a market capitalization of $15.04 billion, a P/E ratio of 22.18, a P/E/G ratio of 1.91 and a beta of 0.66. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.93 and a quick ratio of 0.93. Nasdaq has a 52-week low of $66.61 and a 52-week high of $91.21.

Nasdaq announced that its board has approved a share repurchase plan on Monday, January 29th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the financial services provider to purchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 29th. Stockholders of record on Friday, June 15th will be given a dividend of $0.44 per share. This is a positive change from Nasdaq’s previous quarterly dividend of $0.38. The ex-dividend date is Thursday, June 14th. This represents a $1.76 annualized dividend and a dividend yield of 1.95%. Nasdaq’s dividend payout ratio (DPR) is 37.44%.

About Nasdaq

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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Earnings History and Estimates for Nasdaq (NASDAQ:NDAQ)

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