Analysts predict that MarketAxess Holdings Inc. (NASDAQ:MKTX) will post $106.46 million in sales for the current quarter, Zacks reports. Three analysts have issued estimates for MarketAxess’ earnings. The lowest sales estimate is $104.40 million and the highest is $108.70 million. MarketAxess reported sales of $99.57 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 6.9%. The business is scheduled to issue its next earnings report on Wednesday, January 30th.
According to Zacks, analysts expect that MarketAxess will report full-year sales of $429.38 million for the current fiscal year, with estimates ranging from $427.30 million to $431.40 million. For the next fiscal year, analysts expect that the company will report sales of $485.53 million, with estimates ranging from $482.20 million to $487.50 million. Zacks’ sales calculations are an average based on a survey of analysts that follow MarketAxess.
MarketAxess (NASDAQ:MKTX) last released its quarterly earnings results on Wednesday, October 24th. The financial services provider reported $1.02 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.93 by $0.09. The firm had revenue of $101.44 million for the quarter, compared to analyst estimates of $101.19 million. MarketAxess had a return on equity of 29.40% and a net margin of 37.97%. The business’s revenue was up 6.1% on a year-over-year basis. During the same quarter last year, the company posted $0.90 earnings per share.
NASDAQ:MKTX traded down $2.89 during mid-day trading on Tuesday, reaching $207.76. The stock had a trading volume of 281,776 shares, compared to its average volume of 276,290. The company has a market cap of $7.81 billion, a P/E ratio of 53.27, a PEG ratio of 9.76 and a beta of 0.44. MarketAxess has a twelve month low of $171.45 and a twelve month high of $229.84.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 21st. Stockholders of record on Wednesday, November 7th will be given a dividend of $0.42 per share. The ex-dividend date is Tuesday, November 6th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 0.81%. MarketAxess’s payout ratio is 43.08%.
In other news, CEO Richard M. Mcvey sold 10,959 shares of MarketAxess stock in a transaction that occurred on Friday, August 3rd. The shares were sold at an average price of $189.31, for a total transaction of $2,074,648.29. Following the completion of the sale, the chief executive officer now directly owns 1,054,743 shares in the company, valued at approximately $199,673,397.33. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Richard M. Mcvey sold 20,000 shares of MarketAxess stock in a transaction that occurred on Wednesday, August 8th. The shares were sold at an average price of $186.70, for a total transaction of $3,734,000.00. Following the sale, the chief executive officer now owns 1,052,331 shares of the company’s stock, valued at $196,470,197.70. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 66,804 shares of company stock valued at $12,555,086. Insiders own 3.52% of the company’s stock.
Several hedge funds have recently bought and sold shares of MKTX. Sterling Capital Management LLC purchased a new stake in MarketAxess in the 2nd quarter worth approximately $1,245,000. Vident Investment Advisory LLC purchased a new stake in MarketAxess in the 2nd quarter worth approximately $761,000. BlackRock Inc. grew its stake in MarketAxess by 3.6% in the 2nd quarter. BlackRock Inc. now owns 3,411,494 shares of the financial services provider’s stock worth $674,996,000 after acquiring an additional 117,686 shares during the period. Riverhead Capital Management LLC grew its stake in MarketAxess by 2.8% in the 2nd quarter. Riverhead Capital Management LLC now owns 13,842 shares of the financial services provider’s stock worth $2,739,000 after acquiring an additional 372 shares during the period. Finally, State of Alaska Department of Revenue grew its stake in MarketAxess by 32.2% in the 2nd quarter. State of Alaska Department of Revenue now owns 4,470 shares of the financial services provider’s stock worth $884,000 after acquiring an additional 1,090 shares during the period. Institutional investors own 98.89% of the company’s stock.
MarketAxess Holdings Inc, together with its subsidiaries, operates an electronic trading platform that enables fixed-income market participants to trade corporate bonds and other types of fixed-income instruments worldwide. It offers institutional investor and broker-dealer the access to global liquidity in U.S.
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