Nasdaq Inc (NASDAQ:NDAQ) Expected to Post Earnings of $1.20 Per Share
Equities analysts expect that Nasdaq Inc (NASDAQ:NDAQ) will post earnings per share (EPS) of $1.20 for the current quarter, according to Zacks. Four analysts have made estimates for Nasdaq’s earnings, with estimates ranging from $1.17 to $1.24. Nasdaq posted earnings per share of $1.18 in the same quarter last year, which would suggest a positive year-over-year growth rate of 1.7%. The firm is scheduled to issue its next earnings results on Wednesday, July 24th.
On average, analysts expect that Nasdaq will report full-year earnings of $4.92 per share for the current financial year, with EPS estimates ranging from $4.84 to $4.96. For the next year, analysts expect that the business will post earnings of $5.38 per share, with EPS estimates ranging from $5.32 to $5.45. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Nasdaq.
Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings results on Wednesday, April 24th. The financial services provider reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.17 by $0.05. The business had revenue of $638.00 million during the quarter, compared to analysts’ expectations of $632.71 million. Nasdaq had a return on equity of 14.60% and a net margin of 12.67%. The firm’s revenue for the quarter was down 13.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.22 EPS.
NASDAQ NDAQ traded up $0.27 during trading on Friday, hitting $95.71. 391,269 shares of the stock traded hands, compared to its average volume of 540,158. The stock has a market capitalization of $15.86 billion, a PE ratio of 19.77, a P/E/G ratio of 2.62 and a beta of 0.63. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.84 and a quick ratio of 0.84. Nasdaq has a 12-month low of $75.49 and a 12-month high of $97.47.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be paid a dividend of $0.47 per share. This is a positive change from Nasdaq’s previous quarterly dividend of $0.44. This represents a $1.88 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date of this dividend is Thursday, June 13th. Nasdaq’s dividend payout ratio (DPR) is currently 38.84%.
In related news, EVP Thomas A. Wittman sold 13,561 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $88.04, for a total transaction of $1,193,910.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Bradley J. Peterson sold 1,550 shares of the firm’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $96.65, for a total value of $149,807.50. Following the sale, the insider now directly owns 21,408 shares of the company’s stock, valued at $2,069,083.20. The disclosure for this sale can be found here. Insiders have sold a total of 45,276 shares of company stock valued at $4,117,864 over the last three months. 0.50% of the stock is owned by corporate insiders.
Several hedge funds have recently modified their holdings of the stock. Brinker Capital Inc. raised its position in Nasdaq by 0.8% during the 1st quarter. Brinker Capital Inc. now owns 14,535 shares of the financial services provider’s stock valued at $1,272,000 after purchasing an additional 117 shares in the last quarter. FDx Advisors Inc. raised its position in Nasdaq by 2.2% during the 4th quarter. FDx Advisors Inc. now owns 5,546 shares of the financial services provider’s stock valued at $452,000 after purchasing an additional 118 shares in the last quarter. Penobscot Investment Management Company Inc. raised its position in Nasdaq by 1.2% during the 4th quarter. Penobscot Investment Management Company Inc. now owns 10,250 shares of the financial services provider’s stock valued at $836,000 after purchasing an additional 120 shares in the last quarter. Guinness Asset Management Ltd raised its position in Nasdaq by 3.9% during the 1st quarter. Guinness Asset Management Ltd now owns 3,377 shares of the financial services provider’s stock valued at $295,000 after purchasing an additional 127 shares in the last quarter. Finally, Argent Trust Co raised its position in Nasdaq by 4.0% during the 4th quarter. Argent Trust Co now owns 3,340 shares of the financial services provider’s stock valued at $273,000 after purchasing an additional 129 shares in the last quarter. 76.14% of the stock is owned by hedge funds and other institutional investors.
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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