MarketAxess (MKTX) Set to Announce Quarterly Earnings on Tuesday

MarketAxess (NASDAQ:MKTX) will issue its quarterly earnings data before the market opens on Tuesday, May 7th. Analysts expect the company to announce earnings of $1.85 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

MarketAxess (NASDAQ:MKTX) last released its earnings results on Wednesday, January 31st. The financial services provider reported $1.84 EPS for the quarter, topping analysts’ consensus estimates of $1.73 by $0.11. MarketAxess had a return on equity of 21.76% and a net margin of 34.29%. The company had revenue of $197.20 million for the quarter, compared to the consensus estimate of $196.70 million. During the same quarter last year, the business posted $1.58 EPS. MarketAxess’s quarterly revenue was up 10.8% compared to the same quarter last year. On average, analysts expect MarketAxess to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

MarketAxess Trading Up 1.1 %

Shares of NASDAQ MKTX opened at $204.10 on Tuesday. The business has a 50 day simple moving average of $214.43 and a 200-day simple moving average of $236.38. MarketAxess has a twelve month low of $199.34 and a twelve month high of $322.25. The company has a market capitalization of $7.67 billion, a price-to-earnings ratio of 29.80, a price-to-earnings-growth ratio of 4.22 and a beta of 0.98.

Analyst Ratings Changes

Several research analysts have recently commented on MKTX shares. William Blair reaffirmed an “outperform” rating on shares of MarketAxess in a report on Tuesday, January 23rd. Piper Sandler decreased their target price on MarketAxess from $250.00 to $237.00 and set a “neutral” rating for the company in a research note on Friday, April 12th. Morgan Stanley increased their price target on MarketAxess from $278.00 to $279.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 9th. The Goldman Sachs Group reduced their price objective on MarketAxess from $263.00 to $225.00 and set a “neutral” rating for the company in a research report on Thursday, February 1st. Finally, Barclays lowered their price objective on MarketAxess from $239.00 to $236.00 and set an “equal weight” rating for the company in a research note on Monday, April 8th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $252.80.

Insider Activity

In related news, CRO Kevin M. Mcpherson sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $221.26, for a total transaction of $442,520.00. Following the sale, the executive now owns 70,092 shares of the company’s stock, valued at $15,508,555.92. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 2.00% of the company’s stock.

About MarketAxess

MarketAxess Holdings Inc, together with its subsidiaries, operates an electronic trading platform for institutional investor and broker-dealer companies worldwide. The company offers trading technology that provides liquidity access in U.S. high-grade bonds, U.S. high-yield bonds, emerging market debt, eurobonds, municipal bonds, U.S.