Equities research analysts forecast that Nasdaq Inc (NASDAQ:NDAQ) will report sales of $630.06 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Nasdaq’s earnings, with estimates ranging from $624.24 million to $636.00 million. Nasdaq reported sales of $600.00 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 5%. The company is expected to issue its next quarterly earnings report on Wednesday, October 23rd.
According to Zacks, analysts expect that Nasdaq will report full year sales of $2.54 billion for the current fiscal year, with estimates ranging from $2.52 billion to $2.57 billion. For the next fiscal year, analysts expect that the firm will post sales of $2.65 billion, with estimates ranging from $2.64 billion to $2.67 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that follow Nasdaq.
Nasdaq (NASDAQ:NDAQ) last released its earnings results on Wednesday, July 24th. The financial services provider reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.03. Nasdaq had a net margin of 12.86% and a return on equity of 14.68%. The company had revenue of $665.00 million for the quarter, compared to the consensus estimate of $629.06 million. During the same period in the prior year, the company posted $1.18 EPS. The company’s revenue was up 2.5% compared to the same quarter last year.
A number of research analysts have issued reports on NDAQ shares. ValuEngine downgraded shares of Nasdaq from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Wells Fargo & Co increased their price target on shares of Nasdaq from $97.00 to $112.00 and gave the company an “outperform” rating in a research report on Wednesday, July 10th. Citigroup downgraded shares of Nasdaq from a “neutral” rating to a “sell” rating and increased their price target for the company from $93.00 to $95.00 in a research report on Monday, July 22nd. Raymond James increased their price target on shares of Nasdaq from $96.00 to $108.00 and gave the company an “outperform” rating in a research report on Wednesday, July 10th. Finally, BidaskClub downgraded shares of Nasdaq from a “buy” rating to a “hold” rating in a research report on Thursday. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. Nasdaq has an average rating of “Hold” and a consensus price target of $102.44.
Nasdaq stock traded up $0.52 during trading hours on Monday, reaching $99.52. 468,974 shares of the company’s stock traded hands, compared to its average volume of 508,555. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.96 and a current ratio of 0.96. Nasdaq has a fifty-two week low of $75.49 and a fifty-two week high of $105.26. The firm has a market capitalization of $16.17 billion, a price-to-earnings ratio of 20.56, a PEG ratio of 2.91 and a beta of 0.65. The firm’s 50 day moving average is $98.62 and its 200-day moving average is $93.82.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be given a $0.47 dividend. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 1.89%. Nasdaq’s dividend payout ratio is 38.84%.
In other Nasdaq news, insider Lars Ottersgard sold 4,861 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $99.14, for a total transaction of $481,919.54. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Ann M. Dennison sold 5,496 shares of the firm’s stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $96.55, for a total transaction of $530,638.80. The disclosure for this sale can be found here. Insiders sold a total of 11,801 shares of company stock worth $1,158,532 over the last quarter. 0.50% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently made changes to their positions in NDAQ. Dimensional Fund Advisors LP raised its holdings in Nasdaq by 1.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 979,622 shares of the financial services provider’s stock worth $79,904,000 after buying an additional 13,779 shares during the period. Geode Capital Management LLC raised its holdings in Nasdaq by 3.1% during the 4th quarter. Geode Capital Management LLC now owns 1,593,512 shares of the financial services provider’s stock worth $129,771,000 after buying an additional 47,797 shares during the period. Dupont Capital Management Corp acquired a new stake in Nasdaq during the 1st quarter worth approximately $96,000. Janney Montgomery Scott LLC raised its holdings in Nasdaq by 34.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 4,983 shares of the financial services provider’s stock worth $436,000 after buying an additional 1,283 shares during the period. Finally, First Republic Investment Management Inc. raised its holdings in Nasdaq by 2.9% during the 1st quarter. First Republic Investment Management Inc. now owns 7,796 shares of the financial services provider’s stock worth $682,000 after buying an additional 223 shares during the period. Hedge funds and other institutional investors own 76.21% of the company’s stock.
Nasdaq Company Profile
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.
Featured Story: Why do corrections happen?
Get a free copy of the Zacks research report on Nasdaq (NDAQ)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Nasdaq Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nasdaq and related companies with MarketBeat.com's FREE daily email newsletter.