Nasdaq (NASDAQ:NDAQ) Posts Earnings Results, Beats Expectations By $0.17 EPS

Nasdaq (NASDAQ:NDAQ) posted its earnings results on Tuesday. The financial services provider reported $1.90 EPS for the quarter, topping the Zacks’ consensus estimate of $1.73 by $0.17, MarketWatch Earnings reports. Nasdaq had a return on equity of 18.04% and a net margin of 17.33%. The business had revenue of $846.00 million for the quarter, compared to analysts’ expectations of $825.84 million. During the same quarter in the previous year, the firm earned $1.54 earnings per share. The business’s revenue was up 21.0% compared to the same quarter last year.

NDAQ traded up $1.43 during trading on Thursday, reaching $187.71. The company’s stock had a trading volume of 7,960 shares, compared to its average volume of 821,044. Nasdaq has a 52-week low of $118.01 and a 52-week high of $187.03. The firm has a fifty day moving average of $172.61. The company has a market capitalization of $30.80 billion, a P/E ratio of 30.29 and a beta of 0.84. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.02 and a quick ratio of 1.02.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 24th. Shareholders of record on Friday, September 10th will be issued a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date is Thursday, September 9th. Nasdaq’s dividend payout ratio is presently 34.95%.

In other Nasdaq news, EVP Bradley J. Peterson sold 518 shares of Nasdaq stock in a transaction that occurred on Friday, May 14th. The stock was sold at an average price of $164.22, for a total value of $85,065.96. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Pc Nelson Griggs sold 2,000 shares of Nasdaq stock in a transaction that occurred on Monday, May 24th. The shares were sold at an average price of $165.49, for a total value of $330,980.00. The disclosure for this sale can be found here. Insiders sold a total of 8,518 shares of company stock worth $1,408,936 in the last ninety days. 0.60% of the stock is owned by corporate insiders.

A number of analysts have recently commented on NDAQ shares. Wells Fargo & Company lifted their target price on Nasdaq from $173.00 to $186.00 and gave the stock an “overweight” rating in a research report on Thursday, April 22nd. Deutsche Bank Aktiengesellschaft lifted their target price on Nasdaq from $193.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday. UBS Group lifted their target price on Nasdaq from $170.00 to $178.00 and gave the stock a “buy” rating in a research report on Friday, April 9th. Rosenblatt Securities lifted their target price on Nasdaq from $150.00 to $161.00 and gave the stock a “neutral” rating in a research report on Monday, April 19th. Finally, Barclays raised their price target on Nasdaq from $165.00 to $175.00 and gave the stock an “overweight” rating in a report on Thursday, April 22nd. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $173.82.

About Nasdaq

Nasdaq, Inc operates as a technology company that serves capital markets and other industries worldwide. It operates through four segments: Market Services, Corporate Platforms, Investment Intelligence, and Market Technology. The Market Services segment includes equity derivative trading and clearing, cash equity trading, fixed income and commodities trading and clearing, and trade management service businesses.

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Earnings History for Nasdaq (NASDAQ:NDAQ)

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