$1.16 EPS Expected for Nasdaq Inc (NDAQ) This Quarter

Equities research analysts expect Nasdaq Inc (NASDAQ:NDAQ) to report earnings of $1.16 per share for the current quarter, Zacks reports. Four analysts have provided estimates for Nasdaq’s earnings, with the highest EPS estimate coming in at $1.19 and the lowest estimate coming in at $1.13. Nasdaq posted earnings per share of $1.06 during the same quarter last year, which would suggest a positive year-over-year growth rate of 9.4%. The company is scheduled to issue its next quarterly earnings report on Wednesday, October 24th.

According to Zacks, analysts expect that Nasdaq will report full year earnings of $4.82 per share for the current financial year, with EPS estimates ranging from $4.78 to $4.86. For the next year, analysts anticipate that the firm will report earnings of $5.22 per share, with EPS estimates ranging from $5.13 to $5.30. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that cover Nasdaq.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings data on Wednesday, July 25th. The financial services provider reported $1.18 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.17 by $0.01. The firm had revenue of $615.00 million during the quarter, compared to analysts’ expectations of $620.25 million. Nasdaq had a net margin of 18.13% and a return on equity of 13.40%. The company’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.02 earnings per share.



A number of analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Nasdaq from a “hold” rating to a “buy” rating and set a $107.00 price objective for the company in a research note on Tuesday, June 12th. Bank of America set a $82.00 price objective on shares of Nasdaq and gave the stock a “sell” rating in a research note on Wednesday, April 25th. Compass Point assumed coverage on shares of Nasdaq in a research note on Friday, June 22nd. They issued a “neutral” rating and a $100.00 price objective for the company. Raymond James increased their price objective on shares of Nasdaq from $94.00 to $100.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 10th. Finally, BidaskClub cut shares of Nasdaq from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 27th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company’s stock. Nasdaq currently has a consensus rating of “Hold” and a consensus price target of $93.71.

In related news, Director Lars Wedenborn sold 2,097 shares of the company’s stock in a transaction on Thursday, May 24th. The shares were sold at an average price of $91.89, for a total transaction of $192,693.33. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Bradley J. Peterson sold 1,500 shares of the company’s stock in a transaction on Tuesday, August 7th. The stock was sold at an average price of $93.34, for a total transaction of $140,010.00. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by corporate insiders.

Several large investors have recently modified their holdings of NDAQ. Piedmont Investment Advisors LLC bought a new position in Nasdaq during the second quarter valued at $125,000. TNB Financial bought a new position in Nasdaq during the second quarter valued at $201,000. GWM Advisors LLC bought a new position in Nasdaq during the second quarter valued at $207,000. NuWave Investment Management LLC bought a new position in Nasdaq during the second quarter valued at $216,000. Finally, First Long Island Investors LLC bought a new position in Nasdaq during the first quarter valued at $205,000. Hedge funds and other institutional investors own 76.13% of the company’s stock.

Shares of NASDAQ NDAQ opened at $92.56 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.93 and a quick ratio of 0.93. The firm has a market capitalization of $15.15 billion, a PE ratio of 22.80, a PEG ratio of 1.99 and a beta of 0.71. Nasdaq has a 1 year low of $71.65 and a 1 year high of $96.19.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Friday, September 14th will be given a dividend of $0.44 per share. The ex-dividend date is Thursday, September 13th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.90%. Nasdaq’s dividend payout ratio is 43.35%.

Nasdaq Company Profile

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.

See Also: Diversification

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Earnings History and Estimates for Nasdaq (NASDAQ:NDAQ)

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