Cboe Global Markets, Inc. (NASDAQ: CBOE) Expected to Post Quarterly Sales of $ 393.44 Million


Brokerages expect Cboe Global Markets, Inc. (NASDAQ: CBOE – Get Rating) to post $ 393.44 million in sales for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Cboe Global Markets’ earnings, with the highest sales estimate coming in at $ 406.00 million and the lowest estimate coming in at $ 382.86 million. Cboe Global Markets posted sales of $ 350.60 million during the same quarter last year, which suggests a positive year-over-year growth rate of 12.2%. The company is scheduled to announce its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Cboe Global Markets will report full year sales of $ 1.61 billion for the current financial year, with estimates ranging from $ 1.58 billion to $ 1.64 billion. For the next financial year, analysts expect that the business will report sales of $ 1.69 billion, with estimates ranging from $ 1.63 billion to $ 1.73 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow Cboe Global Markets.

Cboe Global Markets (NASDAQ: CBOE – Get Rating) last released its quarterly earnings results on Friday, April 29th. The company reported $ 1.73 earnings per share for the quarter, topping analysts’ consensus estimates of $ 1.68 by $ 0.05. Cboe Global Markets had a net margin of 14.46% and a return on equity of 18.94%. The business had revenue of $ 418.10 million during the quarter, compared to the consensus estimate of $ 414.88 million. During the same quarter last year, the company earned $ 1.53 earnings per share. The business’s quarterly revenue was up 14.4% compared to the same quarter last year.

A number of equities analysts have commented on CBOE shares. Credit Suisse Group started coverage on shares of Cboe Global Markets in a report on Tuesday, February 15th. They issued a “neutral” rating and a $ 144.00 price objective for the company. Zacks Investment Research raised shares of Cboe Global Markets from a “hold” rating to a “buy” rating and set a $ 124.00 price objective for the company in a report on Monday, January 17th. Oppenheimer reduced their objective price on shares of Cboe Global Markets from $ 146.00 to $ 142.00 and set an “outperform” rating for the company in a report on Monday, February 7th. Rosenblatt Securities lifted their price objective on shares of Cboe Global Markets from $ 152.00 to $ 154.00 and gave the stock a “buy” rating in a report on Thursday, April 14th. Finally, StockNews.com started coverage on shares of Cboe Global Markets in a report on Thursday, March 31st. They issued a “hold” rating for the company. One analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, Cboe Global Markets currently has a consensus rating of “Buy” and a consensus price target of $ 135.36.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of Cboe Global Markets by 9.0% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 368,073 shares of the company’s stock valued at $ 47,997,000 after purchasing an additional 30,410 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Cboe Global Markets by 25.9% during the third quarter. Goldman Sachs Group Inc. now owns 480,121 shares of the company’s stock valued at $ 59,468,000 after purchasing an additional 98,890 shares in the last quarter. Advisor Partners LLC raised its stake in shares of Cboe Global Markets by 12.5% ​​during the fourth quarter. Advisor Partners LLC now owns 3,546 shares of the company’s stock valued at $ 463,000 after purchasing an additional 395 shares in the last quarter. California Public Employees Retirement System raised its stake in shares of Cboe Global Markets by 0.4% during the third quarter. California Public Employees Retirement System now owns 832,482 shares of the company’s stock valued at $ 103,111,000 after purchasing an additional 3,505 shares in the last quarter. Finally, Jefferies Group LLC raised its stake in shares of Cboe Global Markets by 298.4% during the third quarter. Jefferies Group LLC now owns 15,138 shares of the company’s stock valued at $ 1,875,000 after purchasing an additional 11,338 shares in the last quarter. Institutional investors and hedge funds own 81.73% of the company’s stock.

Cboe Global Markets stock opened at $ 107.06 on Friday. The company has a market cap of $ 11.37 billion, a PE ratio of 22.97 and a beta of 0.63. The company has a fifty day moving average price of $ 114.85 and a two-hundred day moving average price of $ 121.70. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.25 and a quick ratio of 1.25. Cboe Global Markets has a 12 month low of $ 104.43 and a 12 month high of $ 139.00.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 15th. Investors of record on Tuesday, May 31st will be paid a dividend of $ 0.48 per share. This represents a $ 1.92 dividend on an annualized basis and a dividend yield of 1.79%. Cboe Global Markets’s dividend payout ratio is currently 41.20%.

About Cboe Global Markets (Get Rating)

Cboe Global Markets, Inc., through its subsidiaries, operates as an options exchange worldwide. It operates through five segments: Options, North American Equities, Futures, Europe and Asia Pacific, and Global FX. The Options segment trades in listed market indices. The North American Equities segment trades in listed US

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Earnings History and Estimates for Cboe Global Markets (NASDAQ: CBOE)



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