Q1 2018 EPS Estimates for Nasdaq, Inc. Reduced by Jefferies Group (NDAQ)
Nasdaq, Inc. (NASDAQ:NDAQ) – Equities researchers at Jefferies Group cut their Q1 2018 earnings per share (EPS) estimates for shares of Nasdaq in a report issued on Monday. Jefferies Group analyst D. Fannon now expects that the financial services provider will earn $1.05 per share for the quarter, down from their prior forecast of $1.09. Jefferies Group currently has a “Hold” rating and a $71.00 price objective on the stock. Jefferies Group also issued estimates for Nasdaq’s Q2 2018 earnings at $1.12 EPS and FY2018 earnings at $4.45 EPS.
Nasdaq (NASDAQ:NDAQ) last announced its earnings results on Wednesday, July 26th. The financial services provider reported $1.02 EPS for the quarter, beating the consensus estimate of $0.96 by $0.06. Nasdaq had a return on equity of 12.19% and a net margin of 5.76%. The business had revenue of $602.00 million during the quarter, compared to the consensus estimate of $596.55 million. During the same period in the prior year, the business posted $0.91 earnings per share. Nasdaq’s revenue was up 7.7% compared to the same quarter last year.
Several other research analysts have also weighed in on the company. BidaskClub upgraded Nasdaq from a “sell” rating to a “hold” rating in a report on Thursday, June 29th. Keefe, Bruyette & Woods set a $76.00 target price on Nasdaq and gave the stock a “hold” rating in a report on Thursday, August 17th. Royal Bank Of Canada reiterated a “hold” rating and set a $76.00 target price on shares of Nasdaq in a report on Monday, September 11th. Bank of America Corporation lowered Nasdaq from a “neutral” rating to an “underperform” rating and reduced their target price for the stock from $77.00 to $75.00 in a report on Monday, October 9th. Finally, Barclays PLC started coverage on Nasdaq in a report on Friday, September 8th. They set an “overweight” rating and a $85.00 target price on the stock. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $77.50.
Shares of Nasdaq (NDAQ) traded down 0.14% during midday trading on Wednesday, hitting $72.84. The stock had a trading volume of 1,195,189 shares. The firm’s 50-day moving average price is $75.49 and its 200-day moving average price is $72.12. Nasdaq has a one year low of $63.30 and a one year high of $78.31. The firm has a market capitalization of $12.15 billion, a PE ratio of 55.35 and a beta of 0.77.
The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date of this dividend was Thursday, September 14th. Nasdaq’s dividend payout ratio is currently 118.75%.
In related news, Director Lars Wedenborn sold 3,045 shares of Nasdaq stock in a transaction dated Friday, August 18th. The stock was sold at an average price of $76.13, for a total value of $231,815.85. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Ann M. Dennison sold 1,170 shares of Nasdaq 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. In the last ninety days, insiders sold 36,844 shares of company stock worth $2,788,100. 1.60% of the stock is owned by company insiders.
Large investors have recently added to or reduced their stakes in the stock. Advisor Partners LLC acquired a new stake in shares of Nasdaq in the second quarter valued at about $214,000. Nikko Asset Management Americas Inc. increased its position in shares of Nasdaq by 1,325.8% in the second quarter. Nikko Asset Management Americas Inc. now owns 126,900 shares of the financial services provider’s stock valued at $9,072,000 after acquiring an additional 118,000 shares during the last quarter. Commerce Bank increased its position in shares of Nasdaq by 1.9% in the second quarter. Commerce Bank now owns 283,835 shares of the financial services provider’s stock valued at $20,292,000 after acquiring an additional 5,401 shares during the last quarter. Summit Securities Group LLC acquired a new stake in shares of Nasdaq in the second quarter valued at about $645,000. Finally, GAM Holding AG increased its position in shares of Nasdaq by 0.7% in the second quarter. GAM Holding AG now owns 28,766 shares of the financial services provider’s stock valued at $2,056,000 after acquiring an additional 200 shares during the last quarter. 74.44% of the stock is currently owned by institutional investors and hedge funds.
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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