Analysts Set Expectations for Nasdaq Inc’s FY2019 Earnings (NASDAQ:NDAQ)

Nasdaq Inc (NASDAQ:NDAQ) – Equities researchers at Oppenheimer reduced their FY2019 EPS estimates for shares of Nasdaq in a research report issued on Sunday, December 8th. Oppenheimer analyst O. Lau now anticipates that the financial services provider will post earnings per share of $4.99 for the year, down from their prior forecast of $5.01. Oppenheimer currently has a “Outperform” rating and a $111.00 price objective on the stock. Oppenheimer also issued estimates for Nasdaq’s Q4 2019 earnings at $1.28 EPS, Q4 2020 earnings at $1.36 EPS, FY2020 earnings at $5.40 EPS and FY2021 earnings at $5.68 EPS.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported $1.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.21 by $0.06. The company had revenue of $632.00 million for the quarter, compared to the consensus estimate of $627.44 million. Nasdaq had a return on equity of 15.22% and a net margin of 12.16%. The firm’s revenue was up 5.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.13 EPS.

Other research analysts also recently issued reports about the company. BidaskClub downgraded Nasdaq from a “buy” rating to a “hold” rating in a research note on Thursday, October 3rd. Deutsche Bank boosted their price objective on Nasdaq from $110.00 to $111.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Finally, UBS Group downgraded Nasdaq from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $113.00 to $107.00 in a research note on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $102.44.

Shares of NASDAQ:NDAQ opened at $104.61 on Tuesday. The company has a market capitalization of $17.33 billion, a price-to-earnings ratio of 21.61, a P/E/G ratio of 2.76 and a beta of 0.64. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.95 and a quick ratio of 0.89. The business’s 50-day moving average is $102.25 and its 200-day moving average is $99.26. Nasdaq has a 1 year low of $75.49 and a 1 year high of $106.23.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date of this dividend is Thursday, December 12th. Nasdaq’s dividend payout ratio is 38.84%.

Large investors have recently made changes to their positions in the company. Commonwealth Equity Services LLC increased its position in Nasdaq by 3.8% in the 2nd quarter. Commonwealth Equity Services LLC now owns 9,551 shares of the financial services provider’s stock valued at $918,000 after buying an additional 351 shares in the last quarter. Steward Partners Investment Advisory LLC bought a new stake in Nasdaq in the 2nd quarter valued at about $180,000. SG Americas Securities LLC increased its position in Nasdaq by 1,905.7% in the 2nd quarter. SG Americas Securities LLC now owns 45,670 shares of the financial services provider’s stock valued at $4,392,000 after buying an additional 43,393 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its position in Nasdaq by 1,953.4% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 97,372 shares of the financial services provider’s stock valued at $9,364,000 after buying an additional 92,630 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its position in Nasdaq by 8.7% in the 2nd quarter. Janney Montgomery Scott LLC now owns 5,416 shares of the financial services provider’s stock valued at $521,000 after buying an additional 433 shares in the last quarter. 75.61% of the stock is currently owned by institutional investors.

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.

See Also: Commodities

Earnings History and Estimates for Nasdaq (NASDAQ:NDAQ)

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