Analysts forecast that Nasdaq Inc (NASDAQ:NDAQ) will post earnings of $1.18 per share for the current quarter, according to Zacks. Four analysts have made estimates for Nasdaq’s earnings, with estimates ranging from $1.12 to $1.22. Nasdaq posted earnings per share of $1.02 during the same quarter last year, which would indicate a positive year over year growth rate of 15.7%. The company is expected to report its next quarterly earnings results on Wednesday, July 25th.
According to Zacks, analysts expect that Nasdaq will report full year earnings of $4.90 per share for the current fiscal year, with EPS estimates ranging from $4.79 to $4.97. For the next fiscal year, analysts expect that the firm will post earnings of $5.35 per share, with EPS estimates ranging from $5.26 to $5.40. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that cover Nasdaq.
Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings data on Wednesday, April 25th. The financial services provider reported $1.24 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.20 by $0.04. Nasdaq had a return on equity of 12.93% and a net margin of 17.88%. The company had revenue of $735.00 million during the quarter, compared to analyst estimates of $649.55 million. During the same quarter last year, the company earned $1.10 EPS. The firm’s revenue for the quarter was up 21.3% on a year-over-year basis.
Nasdaq traded up $0.72, reaching $92.61, on Thursday, MarketBeat reports. 1,388,242 shares of the company traded hands, compared to its average volume of 994,443. Nasdaq has a one year low of $67.20 and a one year high of $92.72. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.55. The firm has a market cap of $15.28 billion, a PE ratio of 22.81, a price-to-earnings-growth ratio of 1.94 and a beta of 0.66.
Nasdaq announced that its Board of Directors has approved a stock repurchase plan on Monday, January 29th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the financial services provider to repurchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 29th. Shareholders of record on Friday, June 15th will be paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 1.90%. This is an increase from Nasdaq’s previous quarterly dividend of $0.38. The ex-dividend date is Thursday, June 14th. Nasdaq’s dividend payout ratio (DPR) is currently 37.44%.
In other Nasdaq news, insider Bradley J. Peterson sold 1,400 shares of the stock in a transaction on Thursday, April 26th. The stock was sold at an average price of $88.25, for a total transaction of $123,550.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Edward S. Knight sold 26,258 shares of the stock in a transaction on Friday, April 27th. The shares were sold at an average price of $88.20, for a total value of $2,315,955.60. Following the sale, the executive vice president now owns 86,627 shares in the company, valued at $7,640,501.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 29,658 shares of company stock worth $2,618,346. Company insiders own 0.40% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in NDAQ. Nisa Investment Advisors LLC boosted its stake in shares of Nasdaq by 4.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 58,425 shares of the financial services provider’s stock worth $4,489,000 after buying an additional 2,700 shares during the last quarter. Bank of Montreal Can boosted its stake in shares of Nasdaq by 628.6% in the 4th quarter. Bank of Montreal Can now owns 270,150 shares of the financial services provider’s stock worth $20,755,000 after buying an additional 233,073 shares during the last quarter. First National Trust Co boosted its stake in shares of Nasdaq by 31.6% in the 4th quarter. First National Trust Co now owns 24,031 shares of the financial services provider’s stock worth $1,847,000 after buying an additional 5,774 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its stake in shares of Nasdaq by 3.2% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 402,127 shares of the financial services provider’s stock worth $30,896,000 after buying an additional 12,564 shares during the last quarter. Finally, Fox Run Management L.L.C. purchased a new position in shares of Nasdaq in the 4th quarter worth $377,000. Hedge funds and other institutional investors own 74.81% of the company’s stock.
About Nasdaq
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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