Cboe Global Markets Forecasted to Earn Q1 2018 Earnings of $1.27 Per Share (CBOE)

Cboe Global Markets (NASDAQ:CBOE) – Investment analysts at Jefferies Group increased their Q1 2018 earnings per share (EPS) estimates for shares of Cboe Global Markets in a report issued on Tuesday, April 10th. Jefferies Group analyst D. Fannon now expects that the financial services provider will post earnings per share of $1.27 for the quarter, up from their previous forecast of $1.05. Jefferies Group also issued estimates for Cboe Global Markets’ Q2 2018 earnings at $1.16 EPS, Q3 2018 earnings at $1.12 EPS, Q4 2018 earnings at $1.06 EPS, FY2018 earnings at $4.60 EPS and FY2019 earnings at $4.96 EPS.

Cboe Global Markets (NASDAQ:CBOE) last issued its earnings results on Friday, February 9th. The financial services provider reported $0.87 EPS for the quarter, missing the consensus estimate of $0.88 by ($0.01). Cboe Global Markets had a net margin of 17.80% and a return on equity of 12.74%. The business had revenue of $265.60 million for the quarter, compared to analysts’ expectations of $267.25 million. During the same quarter in the prior year, the business posted $0.63 earnings per share. The business’s revenue for the quarter was up 85.7% on a year-over-year basis.



Several other analysts also recently commented on CBOE. Sanford C. Bernstein began coverage on Cboe Global Markets in a research note on Monday, April 9th. They set a “market perform” rating and a $110.00 target price on the stock. Zacks Investment Research upgraded Cboe Global Markets from a “sell” rating to a “hold” rating in a research note on Wednesday. BidaskClub downgraded Cboe Global Markets from a “buy” rating to a “hold” rating in a research note on Friday, April 6th. Deutsche Bank increased their target price on Cboe Global Markets from $127.00 to $128.00 and gave the company a “buy” rating in a research note on Tuesday, March 6th. Finally, JPMorgan Chase cut their target price on Cboe Global Markets from $110.00 to $108.00 and set a “hold” rating on the stock in a research note on Tuesday, February 13th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company’s stock. Cboe Global Markets presently has a consensus rating of “Hold” and an average price target of $119.17.

Shares of CBOE opened at $108.35 on Friday. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.40. Cboe Global Markets has a 12 month low of $80.93 and a 12 month high of $138.54. The firm has a market cap of $12,181.08, a price-to-earnings ratio of 31.68, a price-to-earnings-growth ratio of 1.39 and a beta of 0.62.

Several hedge funds have recently added to or reduced their stakes in CBOE. BlackRock Inc. boosted its stake in shares of Cboe Global Markets by 10.8% in the 4th quarter. BlackRock Inc. now owns 8,088,983 shares of the financial services provider’s stock worth $1,007,804,000 after buying an additional 786,423 shares during the last quarter. Guggenheim Capital LLC boosted its stake in shares of Cboe Global Markets by 84.3% in the 4th quarter. Guggenheim Capital LLC now owns 624,576 shares of the financial services provider’s stock worth $77,815,000 after buying an additional 285,612 shares during the last quarter. Janus Henderson Group PLC boosted its stake in shares of Cboe Global Markets by 46.8% in the 3rd quarter. Janus Henderson Group PLC now owns 704,403 shares of the financial services provider’s stock worth $75,815,000 after buying an additional 224,513 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in Cboe Global Markets by 163.4% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 236,767 shares of the financial services provider’s stock valued at $29,499,000 after purchasing an additional 146,867 shares in the last quarter. Finally, Franklin Resources Inc. lifted its position in Cboe Global Markets by 39.6% during the fourth quarter. Franklin Resources Inc. now owns 508,960 shares of the financial services provider’s stock valued at $63,411,000 after purchasing an additional 144,467 shares in the last quarter. Hedge funds and other institutional investors own 84.05% of the company’s stock.

The company also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Friday, March 2nd were paid a $0.27 dividend. The ex-dividend date of this dividend was Thursday, March 1st. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.00%. Cboe Global Markets’s dividend payout ratio (DPR) is currently 31.58%.

Cboe Global Markets declared that its board has authorized a stock buyback plan on Tuesday, February 27th that authorizes the company to buyback $150.00 million in outstanding shares. This buyback authorization authorizes the financial services provider to repurchase shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board believes its shares are undervalued.

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About Cboe Global Markets

Cboe Global Markets, Inc, through its subsidiaries, operates as an options exchange in the United States. The company operates in five segments: Options, U.S. Equities, Futures, European Equities, and Global FX. The Options segment trades in listed market indexes. The U.S. Equities segment trades in listed cash equities; and provides exchange-traded products (ETP) transaction and ETP listing services.

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

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