FY2016 EPS Estimates for CBOE Holdings Inc. (CBOE) Lowered by Analyst
CBOE Holdings Inc. (NASDAQ:CBOE) – Stock analysts at Credit Agricole SA lowered their FY2016 earnings per share (EPS) estimates for CBOE Holdings in a research note issued to investors on Wednesday. Credit Agricole SA analyst R. Rutschow now anticipates that the brokerage will post earnings of $2.35 per share for the year, down from their prior estimate of $2.37. Credit Agricole SA currently has a “Underperform” rating and a $68.00 price target on the stock.
CBOE Holdings (NASDAQ:CBOE) last posted its quarterly earnings results on Friday, July 29th. The company reported $0.60 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.60. CBOE Holdings had a net margin of 32.55% and a return on equity of 81.50%. The business earned $163.30 million during the quarter, compared to analyst estimates of $159.22 million. During the same period in the previous year, the business posted $0.54 EPS. The company’s quarterly revenue was up 9.8% on a year-over-year basis.
A number of other analysts have also recently weighed in on CBOE. Zacks Investment Research upgraded shares of CBOE Holdings from a “sell” rating to a “hold” rating in a research note on Monday, June 27th. Deutsche Bank AG restated a “hold” rating on shares of CBOE Holdings in a research note on Sunday, June 26th. Barclays PLC boosted their price objective on shares of CBOE Holdings from $51.00 to $53.00 and gave the stock an “underweight” rating in a research note on Thursday, July 7th. JPMorgan Chase & Co. restated a “hold” rating and issued a $61.00 price objective on shares of CBOE Holdings in a research note on Wednesday, August 3rd. Finally, Bank of America Corp. cut shares of CBOE Holdings from a “neutral” rating to an “underperform” rating and reduced their price objective for the stock from $68.29 to $65.00 in a research note on Thursday, August 11th. They noted that the move was a valuation call. Five investment analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company. CBOE Holdings has a consensus rating of “Hold” and an average target price of $65.26.
CBOE Holdings (NASDAQ:CBOE) opened at 64.58 on Monday. The stock has a 50 day moving average of $67.76 and a 200 day moving average of $66.17. CBOE Holdings has a 12-month low of $58.43 and a 12-month high of $72.53. The firm has a market capitalization of $5.25 billion, a price-to-earnings ratio of 24.43 and a beta of 0.55.
A number of large investors have recently modified their holdings of the company. Renaissance Technologies LLC raised its stake in shares of CBOE Holdings by 0.8% in the first quarter. Renaissance Technologies LLC now owns 4,436,700 shares of the company’s stock worth $289,850,000 after buying an additional 37,000 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of CBOE Holdings by 3.6% in the first quarter. Geode Capital Management LLC now owns 585,063 shares of the company’s stock worth $38,222,000 after buying an additional 20,152 shares in the last quarter. Loomis Sayles & Co. L P raised its stake in shares of CBOE Holdings by 0.7% in the first quarter. Loomis Sayles & Co. L P now owns 34,245 shares of the company’s stock worth $2,237,000 after buying an additional 226 shares in the last quarter. UBS Group AG raised its stake in shares of CBOE Holdings by 154.4% in the first quarter. UBS Group AG now owns 228,893 shares of the company’s stock worth $14,954,000 after buying an additional 138,933 shares in the last quarter. Finally, Lazard Asset Management LLC raised its stake in shares of CBOE Holdings by 76.5% in the first quarter. Lazard Asset Management LLC now owns 1,859,260 shares of the company’s stock worth $121,464,000 after buying an additional 806,144 shares in the last quarter. 73.72% of the stock is currently owned by hedge funds and other institutional investors.
In other CBOE Holdings news, CEO Edward T. Tilly sold 6,250 shares of the stock in a transaction dated Monday, September 12th. The shares were sold at an average price of $67.86, for a total transaction of $424,125.00. Following the sale, the chief executive officer now owns 73,611 shares of the company’s stock, valued at approximately $4,995,242.46. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.96% of the company’s stock.
CBOE Holdings Company Profile
CBOE Holdings, Inc is a holding company. The Company’s principal business is operating markets that offer for trading options on various market indexes (index options), on an exclusive basis and futures contracts, as well as on non-exclusive multiply listed options, such as options on the stocks of individual corporations (equity options), and options on other exchange-traded products (ETP options), such as exchange-traded funds (ETF options) and exchange-traded notes (ETN options).
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