CME Group Inc (CME) Forecasted to Post Q1 2018 Earnings of $1.49 Per Share

CME Group Inc (NASDAQ:CME) – Investment analysts at Jefferies Group issued their Q1 2018 earnings per share (EPS) estimates for shares of CME Group in a report issued on Tuesday. Jefferies Group analyst D. Fannon expects that the financial services provider will post earnings of $1.49 per share for the quarter. Jefferies Group also issued estimates for CME Group’s Q2 2018 earnings at $1.59 EPS, Q3 2018 earnings at $1.56 EPS, Q4 2018 earnings at $1.51 EPS, FY2018 earnings at $6.15 EPS and FY2019 earnings at $6.67 EPS.

Several other equities research analysts have also weighed in on CME. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $133.00 target price on shares of CME Group in a research report on Thursday, September 21st. BidaskClub raised CME Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, September 27th. Wells Fargo & Co increased their target price on CME Group from $130.00 to $145.00 and gave the stock a “market perform” rating in a research report on Wednesday, October 4th. Barclays increased their target price on CME Group from $139.00 to $149.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 10th. Finally, Royal Bank of Canada increased their target price on CME Group from $135.00 to $147.00 and gave the stock an “outperform” rating in a research report on Monday, October 16th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. CME Group currently has a consensus rating of “Buy” and a consensus target price of $144.22.

Shares of CME Group (NASDAQ CME) traded up $0.76 during midday trading on Thursday, reaching $152.21. The company’s stock had a trading volume of 1,140,900 shares, compared to its average volume of 1,187,817. CME Group has a 1 year low of $114.82 and a 1 year high of $155.29. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.05 and a quick ratio of 1.05. The firm has a market capitalization of $51,800.00, a price-to-earnings ratio of 34.51, a PEG ratio of 2.03 and a beta of 0.72.

CME Group (NASDAQ:CME) last posted its quarterly earnings results on Thursday, October 26th. The financial services provider reported $1.19 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.16 by $0.03. The business had revenue of $890.80 million for the quarter, compared to analyst estimates of $890.22 million. CME Group had a return on equity of 7.89% and a net margin of 40.94%. The business’s revenue was up 5.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.05 EPS.

The firm also recently declared a dividend, which was paid on Tuesday, January 16th. Stockholders of record on Thursday, December 28th were paid a $3.50 dividend. This is a boost from CME Group’s previous dividend of $3.25. The ex-dividend date was Wednesday, December 27th. CME Group’s dividend payout ratio is presently 59.86%.

In other news, CFO John W. Pietrowicz sold 7,500 shares of the stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $151.50, for a total value of $1,136,250.00. Following the completion of the transaction, the chief financial officer now owns 32,376 shares of the company’s stock, valued at $4,904,964. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jack J. Tobin sold 2,325 shares of the stock in a transaction on Monday, December 18th. The stock was sold at an average price of $152.28, for a total value of $354,051.00. Following the completion of the transaction, the insider now directly owns 17,574 shares of the company’s stock, valued at approximately $2,676,168.72. The disclosure for this sale can be found here. In the last three months, insiders sold 42,603 shares of company stock valued at $6,250,726. Company insiders own 0.57% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue boosted its stake in CME Group by 44.4% during the fourth quarter. State of Alaska Department of Revenue now owns 92,602 shares of the financial services provider’s stock valued at $13,521,000 after buying an additional 28,485 shares in the last quarter. Oakbrook Investments LLC boosted its stake in CME Group by 4.8% during the fourth quarter. Oakbrook Investments LLC now owns 232,038 shares of the financial services provider’s stock valued at $33,889,000 after buying an additional 10,620 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in CME Group by 5.5% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 1,711,123 shares of the financial services provider’s stock valued at $249,910,000 after buying an additional 89,480 shares in the last quarter. Burns J W & Co. Inc. NY boosted its stake in CME Group by 6.1% during the fourth quarter. Burns J W & Co. Inc. NY now owns 18,180 shares of the financial services provider’s stock valued at $2,655,000 after buying an additional 1,046 shares in the last quarter. Finally, Spirit of America Management Corp NY boosted its stake in CME Group by 15.9% during the fourth quarter. Spirit of America Management Corp NY now owns 5,100 shares of the financial services provider’s stock valued at $745,000 after buying an additional 700 shares in the last quarter. 82.78% of the stock is owned by institutional investors.

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About CME Group

CME Group Inc, through its exchanges, provides products across all asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural products and metals. The Company’s segment primarily consists of the Chicago Mercantile Exchange Inc (CME), Board of Trade of the City of Chicago, Inc (CBOT), New York Mercantile Exchange, Inc (NYMEX) and Commodity Exchange, Inc (COMEX) exchanges.

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