Equities research analysts forecast that MarketAxess Holdings Inc. (NASDAQ:MKTX) will post $125.02 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for MarketAxess’ earnings, with estimates ranging from $122.60 million to $128.15 million. MarketAxess reported sales of $114.71 million during the same quarter last year, which indicates a positive year-over-year growth rate of 9%. The business is scheduled to issue its next earnings results on Wednesday, April 24th.
According to Zacks, analysts expect that MarketAxess will report full year sales of $484.31 million for the current year, with estimates ranging from $483.72 million to $485.20 million. For the next year, analysts forecast that the company will post sales of $537.46 million, with estimates ranging from $526.79 million to $548.50 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover MarketAxess.
MarketAxess (NASDAQ:MKTX) last announced its quarterly earnings data on Wednesday, January 30th. The financial services provider reported $1.21 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.15 by $0.06. The company had revenue of $112.44 million during the quarter, compared to the consensus estimate of $112.37 million. MarketAxess had a return on equity of 30.31% and a net margin of 39.69%. The firm’s revenue was up 14.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.88 EPS.
Shares of NASDAQ:MKTX traded up $0.44 during mid-day trading on Tuesday, reaching $232.25. 4,998 shares of the company traded hands, compared to its average volume of 260,192. The company has a market cap of $9.33 billion, a PE ratio of 50.74, a price-to-earnings-growth ratio of 8.92 and a beta of 0.20. MarketAxess has a 52 week low of $172.09 and a 52 week high of $246.14.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 27th. Investors of record on Wednesday, February 13th were issued a $0.51 dividend. The ex-dividend date of this dividend was Tuesday, February 12th. This is a boost from MarketAxess’s previous quarterly dividend of $0.42. This represents a $2.04 dividend on an annualized basis and a yield of 0.88%. MarketAxess’s payout ratio is currently 44.64%.
In other news, CEO Richard M. Mcvey sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, February 8th. The stock was sold at an average price of $220.94, for a total transaction of $4,418,800.00. Following the sale, the chief executive officer now directly owns 1,023,640 shares of the company’s stock, valued at approximately $226,163,021.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Antonio L. Delise sold 8,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 19th. The stock was sold at an average price of $231.99, for a total value of $1,855,920.00. Following the sale, the chief financial officer now directly owns 36,901 shares in the company, valued at $8,560,662.99. The disclosure for this sale can be found here. Over the last three months, insiders sold 31,187 shares of company stock worth $6,961,901. 3.52% of the stock is owned by insiders.
Several institutional investors and hedge funds have recently modified their holdings of MKTX. Victory Capital Management Inc. raised its holdings in shares of MarketAxess by 8.9% during the 3rd quarter. Victory Capital Management Inc. now owns 89,754 shares of the financial services provider’s stock worth $16,021,000 after acquiring an additional 7,355 shares in the last quarter. Commerce Bank bought a new position in shares of MarketAxess during the 3rd quarter valued at approximately $217,000. JPMorgan Chase & Co. increased its position in shares of MarketAxess by 2.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 64,660 shares of the financial services provider’s stock valued at $11,541,000 after purchasing an additional 1,426 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of MarketAxess during the 3rd quarter valued at approximately $2,443,000. Finally, Piedmont Investment Advisors Inc. bought a new position in shares of MarketAxess during the 3rd quarter valued at approximately $473,000. 99.19% of the stock is currently owned by institutional investors and hedge funds.
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 firms the access to global liquidity in U.S.
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