Jefferies Financial Group Analysts Decrease Earnings Estimates for CME Group Inc (NASDAQ:CME)

CME Group Inc (NASDAQ:CME) – Equities researchers at Jefferies Financial Group dropped their Q4 2019 earnings estimates for shares of CME Group in a note issued to investors on Wednesday, July 10th. Jefferies Financial Group analyst D. Fannon now anticipates that the financial services provider will post earnings per share of $1.68 for the quarter, down from their previous estimate of $1.74. Jefferies Financial Group also issued estimates for CME Group’s Q1 2020 earnings at $1.73 EPS, Q4 2020 earnings at $1.79 EPS and FY2020 earnings at $7.22 EPS.

CME Group (NASDAQ:CME) last released its earnings results on Wednesday, May 1st. The financial services provider reported $1.62 EPS for the quarter, topping the consensus estimate of $1.60 by $0.02. CME Group had a return on equity of 9.29% and a net margin of 42.47%. The business had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.19 billion. During the same quarter last year, the firm posted $1.86 earnings per share. The firm’s revenue was up 6.4% on a year-over-year basis.



Other equities research analysts have also recently issued research reports about the company. BidaskClub cut Xencor from a “sell” rating to a “strong sell” rating in a research note on Tuesday, June 11th. Barclays reissued a “sell” rating on shares of Royal Bank of Canada in a research note on Thursday, May 23rd. ValuEngine cut Valero Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, May 8th. JPMorgan Chase & Co. set a $45.00 target price on Ciena and gave the company a “buy” rating in a research report on Friday, March 22nd. Finally, UBS Group set a €23.50 ($27.33) target price on Infineon Technologies and gave the company a “buy” rating in a research report on Wednesday, July 3rd. Three analysts have rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company’s stock. CME Group currently has an average rating of “Hold” and a consensus target price of $192.14.

Shares of CME Group stock opened at $207.47 on Thursday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.16. CME Group has a 52 week low of $158.35 and a 52 week high of $207.84. The firm has a 50 day moving average price of $197.03. The firm has a market capitalization of $74.07 billion, a PE ratio of 30.42, a PEG ratio of 4.59 and a beta of 0.23.

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 25th. Investors of record on Monday, June 10th were given a dividend of $0.75 per share. The ex-dividend date of this dividend was Friday, June 7th. This represents a $3.00 annualized dividend and a dividend yield of 1.45%. CME Group’s payout ratio is 43.99%.

In related news, Director Elizabeth A. Cook sold 300 shares of CME Group stock in a transaction on Monday, June 10th. The stock was sold at an average price of $204.27, for a total transaction of $61,281.00. Following the sale, the director now directly owns 20,821 shares in the company, valued at $4,253,105.67. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Charles P. Carey sold 10,000 shares of CME Group stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $179.02, for a total value of $1,790,200.00. Following the sale, the director now owns 37,799 shares in the company, valued at $6,766,776.98. The disclosure for this sale can be found here. Insiders have sold 48,873 shares of company stock worth $9,467,749 over the last quarter. 1.20% of the stock is currently owned by corporate insiders.

Institutional investors have recently modified their holdings of the stock. Dubuque Bank & Trust Co. raised its stake in shares of CME Group by 83.1% in the first quarter. Dubuque Bank & Trust Co. now owns 152 shares of the financial services provider’s stock valued at $25,000 after buying an additional 69 shares during the period. Resources Investment Advisors Inc. raised its stake in shares of CME Group by 2,800.0% in the fourth quarter. Resources Investment Advisors Inc. now owns 145 shares of the financial services provider’s stock valued at $27,000 after buying an additional 140 shares during the period. Truvestments Capital LLC bought a new stake in shares of CME Group in the first quarter valued at $32,000. Close Asset Management Ltd bought a new stake in shares of CME Group in the first quarter valued at $34,000. Finally, Capital Financial Planning LLC bought a new stake in shares of CME Group in the fourth quarter valued at $40,000. Institutional investors and hedge funds own 84.67% of the company’s stock.

CME Group Company Profile

CME Group Inc, through its subsidiaries, operates contract markets for the trading of futures and options on futures contracts worldwide. It offers a range of products across various asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, and metals, as well as fixed income products.

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Earnings History and Estimates for CME Group (NASDAQ:CME)

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