Nasdaq Inc (NASDAQ:NDAQ) Expected to Post Quarterly Sales of $636.06 Million
Equities research analysts expect Nasdaq Inc (NASDAQ:NDAQ) to post sales of $636.06 million for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Nasdaq’s earnings, with estimates ranging from $629.00 million to $647.00 million. Nasdaq reported sales of $615.00 million during the same quarter last year, which indicates a positive year over year growth rate of 3.4%. The firm is scheduled to issue its next quarterly earnings report before the market opens on Wednesday, July 24th.
On average, analysts expect that Nasdaq will report full year sales of $2.55 billion for the current year, with estimates ranging from $2.55 billion to $2.56 billion. For the next financial year, analysts expect that the firm will report sales of $2.68 billion, with estimates ranging from $2.66 billion to $2.71 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Nasdaq.
Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings data on Wednesday, April 24th. The financial services provider reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.05. Nasdaq had a net margin of 12.67% and a return on equity of 14.60%. The firm had revenue of $638.00 million for the quarter, compared to analysts’ expectations of $632.71 million. During the same period in the previous year, the company posted $1.22 EPS. The company’s quarterly revenue was down 13.2% compared to the same quarter last year.
NASDAQ NDAQ traded up $1.40 on Wednesday, hitting $103.01. 69,011 shares of the stock were exchanged, compared to its average volume of 749,634. Nasdaq has a 52-week low of $75.49 and a 52-week high of $101.67. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.84 and a quick ratio of 0.84. The company has a market cap of $16.67 billion, a P/E ratio of 21.29, a price-to-earnings-growth ratio of 2.77 and a beta of 0.64. The business’s 50-day moving average price is $95.33.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were paid a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 1.83%. The ex-dividend date was Thursday, June 13th. This is a positive change from Nasdaq’s previous quarterly dividend of $0.44. Nasdaq’s payout ratio is presently 38.84%.
In other Nasdaq news, insider Edward S. Knight sold 22,059 shares of the business’s stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $90.83, for a total transaction of $2,003,618.97. Following the completion of the transaction, the insider now owns 95,322 shares of the company’s stock, valued at approximately $8,658,097.26. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Bradley J. Peterson sold 1,550 shares of the business’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $96.65, for a total transaction of $149,807.50. Following the transaction, the insider now owns 21,408 shares in the company, valued at approximately $2,069,083.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 31,715 shares of company stock valued at $2,923,953. 0.50% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Brinker Capital Inc. raised its holdings in Nasdaq by 0.8% in the first quarter. Brinker Capital Inc. now owns 14,535 shares of the financial services provider’s stock worth $1,272,000 after purchasing an additional 117 shares during the period. Guinness Asset Management Ltd lifted its stake in Nasdaq by 3.9% in the first quarter. Guinness Asset Management Ltd now owns 3,377 shares of the financial services provider’s stock valued at $295,000 after acquiring an additional 127 shares during the last quarter. Flagship Harbor Advisors LLC lifted its stake in shares of Nasdaq by 2.2% during the 1st quarter. Flagship Harbor Advisors LLC now owns 6,412 shares of the financial services provider’s stock worth $561,000 after buying an additional 137 shares during the last quarter. Norinchukin Bank The lifted its stake in shares of Nasdaq by 1.7% during the 1st quarter. Norinchukin Bank The now owns 9,142 shares of the financial services provider’s stock worth $800,000 after buying an additional 150 shares during the last quarter. Finally, Retirement Systems of Alabama lifted its stake in shares of Nasdaq by 0.3% during the 2nd quarter. Retirement Systems of Alabama now owns 54,095 shares of the financial services provider’s stock worth $5,202,000 after buying an additional 177 shares during the last quarter. 76.10% of the stock is currently owned by institutional investors and hedge funds.
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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