CME Group Inc to Post FY2017 Earnings of $4.74 Per Share, Jefferies Group Forecasts (CME)
CME Group Inc (NASDAQ:CME) – Equities research analysts at Jefferies Group dropped their FY2017 earnings per share estimates for CME Group in a research report issued on Tuesday. Jefferies Group analyst D. Fannon now anticipates that the financial services provider will post earnings of $4.74 per share for the year, down from their prior forecast of $4.80. Jefferies Group also issued estimates for CME Group’s Q4 2017 earnings at $1.10 EPS.
CME Group (NASDAQ:CME) last issued its quarterly earnings results on Thursday, October 26th. The financial services provider reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.03. CME Group had a return on equity of 7.89% and a net margin of 40.94%. The firm had revenue of $890.80 million for the quarter, compared to analysts’ expectations of $890.22 million. During the same quarter in the prior year, the firm earned $1.05 EPS. The business’s revenue for the quarter was up 5.8% compared to the same quarter last year.
Other research analysts have also recently issued research reports about the company. Citigroup upped their price target on CME Group from $138.00 to $155.00 and gave the company a “buy” rating in a research report on Thursday, October 19th. BidaskClub cut CME Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 18th. Zacks Investment Research raised CME Group from a “hold” rating to a “buy” rating and set a $164.00 price objective on the stock in a report on Tuesday, January 2nd. Keefe, Bruyette & Woods reissued a “hold” rating and set a $133.00 price objective on shares of CME Group in a report on Thursday, September 21st. Finally, Wells Fargo & Co increased their price objective on CME Group from $130.00 to $145.00 and gave the stock a “market perform” rating in a report on Wednesday, October 4th. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $144.22.
CME Group (CME) opened at $152.20 on Wednesday. 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 quick ratio of 1.05 and a current ratio of 1.05. The company has a market capitalization of $51,790.00, a price-to-earnings ratio of 34.51, a PEG ratio of 2.04 and a beta of 0.72.
Several large investors have recently added to or reduced their stakes in CME. National Pension Service increased its position in shares of CME Group by 1.0% during the 4th quarter. National Pension Service now owns 293,746 shares of the financial services provider’s stock valued at $42,902,000 after purchasing an additional 2,964 shares during the last quarter. Bank of Montreal Can increased its position in shares of CME Group by 17.4% during the 4th quarter. Bank of Montreal Can now owns 614,562 shares of the financial services provider’s stock valued at $89,758,000 after purchasing an additional 90,984 shares during the last quarter. Vontobel Asset Management Inc. increased its position in shares of CME Group by 126.3% during the 4th quarter. Vontobel Asset Management Inc. now owns 260,334 shares of the financial services provider’s stock valued at $38,020,000 after purchasing an additional 145,285 shares during the last quarter. Davis R M Inc. increased its position in shares of CME Group by 1.2% during the 4th quarter. Davis R M Inc. now owns 110,959 shares of the financial services provider’s stock valued at $16,206,000 after purchasing an additional 1,285 shares during the last quarter. Finally, YHB Investment Advisors Inc. increased its position in shares of CME Group by 2.0% during the 4th quarter. YHB Investment Advisors Inc. now owns 26,210 shares of the financial services provider’s stock valued at $3,828,000 after purchasing an additional 508 shares during the last quarter. 82.78% of the stock is currently owned by hedge funds and other institutional investors.
In other CME Group news, Director Jeffrey M. Bernacchi sold 1,501 shares of the firm’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $149.75, for a total value of $224,774.75. Following the sale, the director now owns 60,194 shares of the company’s stock, valued at approximately $9,014,051.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO John W. Pietrowicz sold 7,500 shares of the firm’s stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $151.50, for a total value of $1,136,250.00. Following the completion of the sale, the chief financial officer now directly owns 32,376 shares in the company, valued at approximately $4,904,964. The disclosure for this sale can be found here. Insiders have sold a total of 42,603 shares of company stock worth $6,250,726 in the last three months. 0.57% of the stock is currently owned by insiders.
The business also recently disclosed a dividend, which was paid on Tuesday, January 16th. Investors of record on Thursday, December 28th were issued a dividend of $3.50 per share. This is a boost from CME Group’s previous dividend of $3.25. The ex-dividend date of this dividend was Wednesday, December 27th. CME Group’s dividend payout ratio is 59.86%.
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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