Wall Street analysts forecast that Cboe Global Markets Inc (CBOE:CBOE) will announce $287.90 million in sales for the current quarter, according to Zacks. Four analysts have made estimates for Cboe Global Markets’ earnings. The highest sales estimate is $306.64 million and the lowest is $279.35 million. Cboe Global Markets posted sales of $283.50 million during the same quarter last year, which suggests a positive year-over-year growth rate of 1.6%. The business is scheduled to issue its next quarterly earnings report before the market opens on Friday, August 2nd.
On average, analysts expect that Cboe Global Markets will report full-year sales of $1.15 billion for the current fiscal year, with estimates ranging from $1.13 billion to $1.19 billion. For the next financial year, analysts anticipate that the company will report sales of $1.23 billion, with estimates ranging from $1.19 billion to $1.26 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Cboe Global Markets.
Cboe Global Markets (CBOE:CBOE) last issued its quarterly earnings results on Friday, May 3rd. The financial services provider reported $1.11 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.12. The business had revenue of $280.50 million for the quarter, compared to analyst estimates of $279.49 million.
A number of analysts have weighed in on CBOE shares. Wells Fargo & Co lowered their price target on Cboe Global Markets from $115.00 to $110.00 and set an “outperform” rating on the stock in a research report on Thursday, April 4th. Zacks Investment Research cut Cboe Global Markets from a “hold” rating to a “sell” rating in a research report on Monday, April 29th. MKM Partners upgraded Cboe Global Markets from a “neutral” rating to an “overweight” rating in a research report on Monday, February 25th. JPMorgan Chase & Co. upgraded Cboe Global Markets from a “neutral” rating to an “overweight” rating and upped their price target for the company from $105.00 to $113.00 in a research report on Monday, February 25th. Finally, Argus assumed coverage on Cboe Global Markets in a research report on Friday, February 22nd. They issued a “hold” rating on the stock. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $110.83.
Shares of CBOE CBOE traded up $0.84 during trading hours on Thursday, reaching $107.08. The stock had a trading volume of 503,486 shares, compared to its average volume of 747,336. Cboe Global Markets has a twelve month low of $87.87 and a twelve month high of $115.11.
The firm also recently declared a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date was Thursday, May 30th.
In other news, EVP John Deters sold 834 shares of the firm’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $103.78, for a total transaction of $86,552.52. Following the sale, the executive vice president now owns 3,121 shares of the company’s stock, valued at $323,897.38. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Brian N. Schell sold 10,000 shares of the firm’s stock in a transaction dated Friday, May 31st. The stock was sold at an average price of $108.47, for a total value of $1,084,700.00. Following the sale, the chief financial officer now directly owns 36,069 shares in the company, valued at approximately $3,912,404.43. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 25,134 shares of company stock worth $2,679,406. 0.89% of the stock is currently owned by insiders.
About Cboe Global Markets
Cboe Global Markets, Inc engages in the provision of trading and investment solutions to investors. It operates through the following business segments: Options, U.S. Equities, Futures, European Equities, and Global FX. The Options segment includes options exchange business, which lists for trading options on market indexes (index options), as well as on non-exclusive multiply-listed options.
Further Reading: Compound Annual Growth Rate (CAGR)
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