Brokerages Anticipate Nasdaq Inc (NASDAQ:NDAQ) to Post $1.21 EPS
Analysts expect Nasdaq Inc (NASDAQ:NDAQ) to announce $1.21 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Nasdaq’s earnings, with estimates ranging from $1.19 to $1.24. Nasdaq posted earnings of $1.15 per share in the same quarter last year, which suggests a positive year over year growth rate of 5.2%. The company is scheduled to report its next earnings report on Wednesday, October 23rd.
On average, analysts expect that Nasdaq will report full year earnings of $4.91 per share for the current year, with EPS estimates ranging from $4.83 to $4.96. For the next fiscal year, analysts anticipate that the company will report earnings of $5.36 per share, with EPS estimates ranging from $5.25 to $5.50. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that cover Nasdaq.
Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings data on Wednesday, July 24th. The financial services provider reported $1.22 EPS for the quarter, beating the consensus estimate of $1.19 by $0.03. The firm had revenue of $665.00 million for the quarter, compared to analyst estimates of $629.06 million. Nasdaq had a return on equity of 14.68% and a net margin of 12.86%. The company’s revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the company earned $1.18 EPS.
Shares of Nasdaq stock traded down $0.78 during trading on Wednesday, hitting $97.28. 12,601 shares of the stock traded hands, compared to its average volume of 862,777. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.84 and a current ratio of 0.96. The company has a market capitalization of $16.16 billion, a PE ratio of 20.09, a price-to-earnings-growth ratio of 2.91 and a beta of 0.64. The business has a fifty day simple moving average of $99.05. Nasdaq has a 52 week low of $75.49 and a 52 week high of $104.69.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 1.93%. The ex-dividend date is Thursday, September 12th. Nasdaq’s dividend payout ratio is presently 38.84%.
In other Nasdaq news, Director Lars Wedenborn sold 1,946 shares of the stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $90.36, for a total value of $175,840.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Charlene T. Begley sold 6,160 shares of the stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $96.54, for a total value of $594,686.40. The disclosure for this sale can be found here. Insiders have sold a total of 31,715 shares of company stock valued at $2,923,953 over the last 90 days. 0.50% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Pittenger & Anderson Inc. purchased a new position in shares of Nasdaq in the 1st quarter valued at approximately $66,000. Dupont Capital Management Corp purchased a new position in shares of Nasdaq in the 1st quarter valued at approximately $96,000. Lenox Wealth Management Inc. lifted its stake in shares of Nasdaq by 1,562.9% in the 1st quarter. Lenox Wealth Management Inc. now owns 1,164 shares of the financial services provider’s stock valued at $102,000 after purchasing an additional 1,094 shares during the period. NuWave Investment Management LLC lifted its stake in shares of Nasdaq by 301.3% in the 2nd quarter. NuWave Investment Management LLC now owns 1,224 shares of the financial services provider’s stock valued at $118,000 after purchasing an additional 919 shares during the period. Finally, Bremer Bank National Association purchased a new position in shares of Nasdaq in the 1st quarter valued at approximately $119,000. Institutional investors and hedge funds own 76.22% 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.
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