Zacks: Analysts Anticipate Cboe Global Markets Inc (CBOE) Will Post Earnings of $1.01 Per Share

Analysts predict that Cboe Global Markets Inc (NASDAQ:CBOE) will announce $1.01 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Cboe Global Markets’ earnings. The lowest EPS estimate is $0.98 and the highest is $1.03. Cboe Global Markets posted earnings of $0.89 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 13.5%. The firm is expected to report its next earnings results before the market opens on Friday, November 2nd.

On average, analysts expect that Cboe Global Markets will report full-year earnings of $4.56 per share for the current year, with EPS estimates ranging from $4.47 to $4.68. For the next fiscal year, analysts expect that the business will report earnings of $4.89 per share, with EPS estimates ranging from $4.79 to $5.20. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that cover Cboe Global Markets.

Cboe Global Markets (NASDAQ:CBOE) last posted its quarterly earnings results on Friday, August 3rd. The financial services provider reported $1.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.03 by $0.02. Cboe Global Markets had a return on equity of 14.16% and a net margin of 19.22%. The business had revenue of $283.50 million during the quarter, compared to the consensus estimate of $278.57 million. During the same period in the prior year, the company posted $0.87 EPS. The firm’s revenue for the quarter was up 6.2% compared to the same quarter last year.



Several research analysts have weighed in on CBOE shares. BidaskClub upgraded Cboe Global Markets from a “sell” rating to a “hold” rating in a research note on Wednesday, September 12th. Rosenblatt Securities started coverage on Cboe Global Markets in a research note on Wednesday, September 5th. They issued a “buy” rating and a $115.00 price target for the company. Jefferies Financial Group restated a “hold” rating and issued a $105.00 price target on shares of Cboe Global Markets in a research note on Sunday, July 15th. Raymond James upgraded Cboe Global Markets from a “market perform” rating to an “outperform” rating in a research note on Monday, August 20th. Finally, Zacks Investment Research upgraded Cboe Global Markets from a “hold” rating to a “buy” rating and set a $108.00 price target for the company in a research note on Wednesday, October 3rd. Nine investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $116.71.

In other news, Director Frank E. Jr. English sold 1,185 shares of the company’s stock in a transaction that occurred on Tuesday, September 11th. The stock was sold at an average price of $104.17, for a total transaction of $123,441.45. Following the sale, the director now directly owns 4,137 shares of the company’s stock, valued at approximately $430,951.29. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Christopher A. Isaacson sold 8,720 shares of the stock in a transaction on Thursday, August 30th. The shares were sold at an average price of $100.03, for a total value of $872,261.60. Following the sale, the vice president now owns 86,220 shares in the company, valued at approximately $8,624,586.60. The disclosure for this sale can be found here. 0.89% of the stock is owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the stock. Braun Bostich & Associates Inc. raised its holdings in Cboe Global Markets by 1,391.0% during the 2nd quarter. Braun Bostich & Associates Inc. now owns 999 shares of the financial services provider’s stock valued at $104,000 after buying an additional 932 shares during the period. Piedmont Investment Advisors LLC purchased a new stake in Cboe Global Markets during the 2nd quarter valued at $133,000. Dupont Capital Management Corp raised its holdings in Cboe Global Markets by 65.8% during the 2nd quarter. Dupont Capital Management Corp now owns 1,529 shares of the financial services provider’s stock valued at $159,000 after buying an additional 607 shares during the period. Cerebellum GP LLC purchased a new stake in Cboe Global Markets during the 2nd quarter valued at $178,000. Finally, Commonwealth Equity Services LLC purchased a new stake in Cboe Global Markets during the 2nd quarter valued at $202,000. Institutional investors own 81.98% of the company’s stock.

CBOE stock opened at $106.93 on Monday. Cboe Global Markets has a 1-year low of $91.10 and a 1-year high of $138.54. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $11.65 billion, a price-to-earnings ratio of 31.27, a price-to-earnings-growth ratio of 1.95 and a beta of 0.52.

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

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