Cboe Global Markets (NASDAQ:CBOE) announced its earnings results on Friday. The financial services provider reported $1.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.05, MarketWatch Earnings reports. Cboe Global Markets had a net margin of 19.22% and a return on equity of 14.16%. The company had revenue of $270.50 million for the quarter, compared to the consensus estimate of $269.08 million. During the same period in the previous year, the business earned $0.89 EPS. The company’s revenue was up .3% on a year-over-year basis.
Cboe Global Markets stock opened at $112.25 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.86 and a current ratio of 0.86. Cboe Global Markets has a 12 month low of $91.10 and a 12 month high of $138.54. The firm has a market cap of $11.65 billion, a PE ratio of 32.82, a P/E/G ratio of 1.95 and a beta of 0.52.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 30th will be issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 1.10%. The ex-dividend date is Thursday, November 29th. Cboe Global Markets’s dividend payout ratio is currently 36.26%.
In other news, Director Frank E. Jr. English sold 1,185 shares of the business’s stock in a transaction on Tuesday, September 11th. The shares were sold at an average price of $104.17, for a total transaction of $123,441.45. Following the transaction, the director now directly owns 4,137 shares in the company, valued at approximately $430,951.29. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Christopher A. Isaacson sold 8,720 shares of the business’s stock in a transaction on Thursday, August 30th. The shares were sold at an average price of $100.03, for a total transaction of $872,261.60. Following the transaction, the vice president now owns 86,220 shares in the company, valued at $8,624,586.60. The disclosure for this sale can be found here. Insiders own 0.89% of the company’s stock.
CBOE has been the topic of several recent analyst reports. BidaskClub downgraded shares of Cboe Global Markets from a “hold” rating to a “sell” rating in a research note on Thursday, August 2nd. Raymond James raised shares of Cboe Global Markets from a “market perform” rating to an “outperform” rating in a research note on Monday, August 20th. Zacks Investment Research raised shares of Cboe Global Markets from a “sell” rating to a “hold” rating in a research note on Tuesday, July 31st. Jefferies Financial Group reissued a “hold” rating and set a $105.00 target price on shares of Cboe Global Markets in a research note on Sunday, July 15th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Cboe Global Markets from $92.00 to $105.00 and gave the company a “hold” rating in a research note on Wednesday, October 24th. Nine investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Cboe Global Markets presently has an average rating of “Hold” and a consensus price target of $116.71.
About Cboe Global Markets
Cboe Global Markets, Inc, through its subsidiaries, operates as an options exchange in the United States. The company operates in five segments: Options, U.S. Equities, Futures, European Equities, and Global FX. The Options segment trades in listed market indexes. The U.S. Equities segment trades in listed cash equities; and provides exchange-traded products (ETP) transaction and ETP listing services.
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