Nasdaq, Inc. (NASDAQ:NDAQ) will post its quarterly earnings results before the market opens on Tuesday, October 24th. Analysts expect Nasdaq to post earnings of $1.03 per share for the quarter.
Nasdaq (NASDAQ:NDAQ) last announced its earnings results on Wednesday, July 26th. The financial services provider reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.06. Nasdaq had a return on equity of 12.19% and a net margin of 5.76%. The company had revenue of $602.00 million during the quarter, compared to analysts’ expectations of $596.55 million. During the same period last year, the business posted $0.91 EPS. Nasdaq’s revenue for the quarter was up 7.7% on a year-over-year basis. On average, analysts expect Nasdaq to post $4.16 EPS for the current fiscal year and $4.52 EPS for the next fiscal year.
Nasdaq, Inc. (NASDAQ NDAQ) opened at 74.11 on Tuesday. The company’s 50-day moving average price is $75.64 and its 200-day moving average price is $72.02. The stock has a market capitalization of $12.36 billion, a PE ratio of 56.31 and a beta of 0.77. Nasdaq, Inc. has a one year low of $63.30 and a one year high of $78.31.
The company also recently declared a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were paid a dividend of $0.38 per share. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $1.52 annualized dividend and a yield of 2.05%. Nasdaq’s dividend payout ratio is presently 118.75%.
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Several brokerages have commented on NDAQ. Royal Bank Of Canada set a $78.00 price target on Nasdaq and gave the stock a “hold” rating in a research note on Monday. Zacks Investment Research lowered Nasdaq from a “hold” rating to a “sell” rating in a research note on Monday, October 9th. BidaskClub lowered Nasdaq from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Keefe, Bruyette & Woods restated a “hold” rating and set a $78.00 price target on shares of Nasdaq in a research note on Thursday, October 12th. Finally, Jefferies Group LLC restated a “hold” rating and set a $71.00 price target (up from $68.00) on shares of Nasdaq in a research note on Monday, July 17th. Two analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company’s stock. Nasdaq currently has an average rating of “Hold” and a consensus target price of $76.50.
In related news, insider Edward S. Knight sold 15,000 shares of the stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $74.39, for a total value of $1,115,850.00. Following the completion of the transaction, the insider now owns 78,063 shares of the company’s stock, valued at $5,807,106.57. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ann M. Dennison sold 1,170 shares of the stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $76.32, for a total value of $89,294.40. The disclosure for this sale can be found here. Insiders sold 36,844 shares of company stock valued at $2,788,100 in the last ninety days. Company insiders own 1.60% of the company’s stock.
Nasdaq, Inc (Nasdaq) is a holding company. The Company is a provider of trading, clearing, exchange technology, regulatory, securities listing, information and public company services. It manages, operates and provides its products and services through four segments: Market Services, Corporate Services, Information Services and Market Technology.
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