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.
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.
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.
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