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%.
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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