Nasdaq (NDAQ) Set to Announce Quarterly Earnings on Thursday

Nasdaq (NASDAQ:NDAQ) will post its quarterly earnings results before the market opens on Thursday, April 25th. Analysts expect Nasdaq to post earnings of $0.64 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Nasdaq (NASDAQ:NDAQ) last posted its earnings results on Wednesday, January 31st. The financial services provider reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.02. The company had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.08 billion. Nasdaq had a return on equity of 19.28% and a net margin of 17.48%. The company’s revenue for the quarter was up 21.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.64 EPS. On average, analysts expect Nasdaq to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Nasdaq Price Performance

Nasdaq stock opened at $61.09 on Wednesday. The firm has a market capitalization of $35.14 billion, a P/E ratio of 28.95, a PEG ratio of 2.74 and a beta of 0.93. Nasdaq has a 1 year low of $46.88 and a 1 year high of $64.25. The business has a 50-day moving average of $59.63 and a 200-day moving average of $56.32. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.94.

Nasdaq Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $0.88 annualized dividend and a dividend yield of 1.44%. Nasdaq’s payout ratio is currently 41.71%.

Insider Buying and Selling at Nasdaq

In other Nasdaq news, EVP Bryan Everard Smith sold 7,400 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $62.91, for a total value of $465,534.00. Following the sale, the executive vice president now owns 61,672 shares in the company, valued at approximately $3,879,785.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, major shareholder Dubai Ltd Borse sold 31,000,000 shares of the company’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $58.00, for a total transaction of $1,798,000,000.00. Following the sale, the insider now owns 58,341,545 shares in the company, valued at approximately $3,383,809,610. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Bryan Everard Smith sold 7,400 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $62.91, for a total value of $465,534.00. Following the sale, the executive vice president now owns 61,672 shares in the company, valued at approximately $3,879,785.52. The disclosure for this sale can be found here. Company insiders own 0.75% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Rosenblatt Securities restated a “buy” rating and set a $82.00 target price on shares of Nasdaq in a research report on Thursday, February 1st. Barclays assumed coverage on Nasdaq in a research report on Thursday, April 11th. They issued an “overweight” rating and a $76.00 price objective for the company. Citigroup boosted their price objective on Nasdaq from $56.00 to $63.00 and gave the company a “neutral” rating in a research report on Friday, January 12th. Oppenheimer boosted their price objective on Nasdaq from $65.00 to $68.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. Finally, Morgan Stanley upgraded Nasdaq from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $59.00 to $80.00 in a research report on Tuesday, April 9th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, Nasdaq has a consensus rating of “Moderate Buy” and a consensus price target of $67.09.

Nasdaq Company Profile

Nasdaq, Inc operates as a technology company that serves capital markets and other industries worldwide. It operates in three segments: Capital Access Platforms, Financial Technology, and Market Services. The Capital Access Platforms segment sells and distributes historical and real-time market data; and develops and licenses Nasdaq-branded indices and financial products.