Nasdaq (NDAQ) Earning Somewhat Favorable News Coverage, Study Shows
News coverage about Nasdaq (NASDAQ:NDAQ) has been trending somewhat positive on Wednesday, according to Accern Sentiment Analysis. Accern rates the sentiment of news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Nasdaq earned a news sentiment score of 0.20 on Accern’s scale. Accern also assigned media headlines about the financial services provider an impact score of 45.3998422237976 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the media headlines that may have effected Accern Sentiment’s analysis:
- Nasdaq (NDAQ) and CME Group (CME) Head to Head Analysis (americanbankingnews.com)
- Nasdaq, Inc. (NDAQ) Given Consensus Recommendation of “Buy” by Analysts (americanbankingnews.com)
- [$$] Massachusetts launches probe into ‘maker taker’ rebate system (finance.yahoo.com)
- Mr. Sandeep Chakravorty, Consul General of India in New York, to Ring The Nasdaq Stock Market Opening Bell (finance.yahoo.com)
- China Internet Nationwide Financial Services Inc. (Nasdaq: CIFS) to Ring The Nasdaq Stock Market Closing Bell in Celebration of Its Recent IPO (finance.yahoo.com)
NDAQ has been the subject of a number of recent analyst reports. BidaskClub raised Nasdaq from a “sell” rating to a “hold” rating in a report on Thursday, June 29th. Deutsche Bank AG dropped their price target on Nasdaq from $80.00 to $79.00 and set a “buy” rating for the company in a report on Friday, April 28th. Zacks Investment Research cut Nasdaq from a “hold” rating to a “sell” rating in a report on Tuesday, June 27th. Citigroup Inc. initiated coverage on Nasdaq in a report on Wednesday, July 12th. They set a “neutral” rating and a $72.00 price target for the company. Finally, Royal Bank Of Canada set a $70.00 price target on Nasdaq and gave the company a “hold” rating in a report on Friday, April 21st. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Nasdaq has an average rating of “Buy” and a consensus target price of $75.22.
Nasdaq (NASDAQ NDAQ) opened at 77.00 on Wednesday. The firm has a 50-day moving average price of $73.20 and a 200-day moving average price of $70.45. The company has a market capitalization of $12.84 billion, a price-to-earnings ratio of 58.51 and a beta of 0.76. Nasdaq has a 12 month low of $63.30 and a 12 month high of $77.20.
Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.06. The company had revenue of $602 million during the quarter, compared to the consensus estimate of $596.55 million. Nasdaq had a net margin of 5.76% and a return on equity of 12.19%. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.91 earnings per share. On average, equities analysts anticipate that Nasdaq will post $4.17 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be issued a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.52 annualized dividend and a dividend yield of 1.97%. Nasdaq’s dividend payout ratio (DPR) is presently 118.75%.
In related news, insider Bjorn Sibbern sold 3,000 shares of the business’s stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $76.17, for a total value of $228,510.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Edward S. Knight sold 15,000 shares of the business’s stock in a transaction on Friday, July 28th. The stock was sold at an average price of $74.39, for a total transaction of $1,115,850.00. Following the completion of the sale, the insider now directly owns 78,063 shares in the company, valued at approximately $5,807,106.57. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by corporate insiders.
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Nasdaq Company Profile
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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