$1.00 Earnings Per Share Expected for Nasdaq Inc (NDAQ) This Quarter

Equities research analysts predict that Nasdaq Inc (NASDAQ:NDAQ) will report $1.00 earnings per share for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Nasdaq’s earnings. The highest EPS estimate is $1.02 and the lowest is $0.96. Nasdaq posted earnings of $0.95 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 5.3%. The company is expected to announce its next earnings report on Tuesday, January 30th.

On average, analysts expect that Nasdaq will report full-year earnings of $4.18 per share for the current year, with EPS estimates ranging from $4.15 to $4.21. For the next financial year, analysts forecast that the company will report earnings of $4.50 per share, with EPS estimates ranging from $4.35 to $4.68. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for Nasdaq.

Nasdaq (NASDAQ:NDAQ) last issued its earnings results on Wednesday, October 25th. The financial services provider reported $1.06 EPS for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.04. Nasdaq had a return on equity of 12.69% and a net margin of 6.72%. The company had revenue of $607.00 million during the quarter, compared to the consensus estimate of $599.84 million. During the same period in the previous year, the firm posted $0.91 earnings per share. Nasdaq’s quarterly revenue was up 3.8% compared to the same quarter last year.

A number of equities research analysts have recently weighed in on the company. Barclays cut their price target on Nasdaq from $85.00 to $84.00 and set an “overweight” rating on the stock in a report on Thursday, October 26th. Zacks Investment Research cut Nasdaq from a “hold” rating to a “sell” rating in a report on Monday, October 9th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $78.00 price target on shares of Nasdaq in a report on Thursday, October 12th. Royal Bank of Canada set a $78.00 price target on Nasdaq and gave the company a “hold” rating in a report on Monday, October 16th. Finally, Citigroup lifted their price target on Nasdaq from $75.00 to $82.00 and gave the company a “neutral” rating in a report on Thursday, October 19th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $78.67.

In related news, insider Pc Nelson Griggs sold 1,396 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $74.72, for a total transaction of $104,309.12. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.60% of the stock is owned by insiders.

Large investors have recently made changes to their positions in the stock. Nikko Asset Management Americas Inc. raised its holdings in Nasdaq by 1,325.8% during the second quarter. Nikko Asset Management Americas Inc. now owns 126,900 shares of the financial services provider’s stock worth $9,072,000 after purchasing an additional 118,000 shares in the last quarter. Commerce Bank raised its holdings in Nasdaq by 1.9% during the second quarter. Commerce Bank now owns 283,835 shares of the financial services provider’s stock worth $20,292,000 after purchasing an additional 5,401 shares in the last quarter. Kornitzer Capital Management Inc. KS raised its holdings in Nasdaq by 2.7% during the third quarter. Kornitzer Capital Management Inc. KS now owns 334,786 shares of the financial services provider’s stock worth $25,969,000 after purchasing an additional 8,695 shares in the last quarter. GAM Holding AG raised its holdings in Nasdaq by 0.7% during the second quarter. GAM Holding AG now owns 28,766 shares of the financial services provider’s stock worth $2,056,000 after purchasing an additional 200 shares in the last quarter. Finally, Legal & General Group Plc raised its holdings in Nasdaq by 2.4% during the second quarter. Legal & General Group Plc now owns 597,473 shares of the financial services provider’s stock worth $42,714,000 after purchasing an additional 14,184 shares in the last quarter. 76.06% of the stock is currently owned by hedge funds and other institutional investors.

Nasdaq (NASDAQ NDAQ) opened at $77.51 on Friday. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.63. Nasdaq has a 52 week low of $65.98 and a 52 week high of $80.14. The company has a market capitalization of $12,920.00, a P/E ratio of 18.94, a price-to-earnings-growth ratio of 2.19 and a beta of 0.78.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be issued a dividend of $0.38 per share. The ex-dividend date is Thursday, December 14th. This represents a $1.52 annualized dividend and a yield of 1.96%. Nasdaq’s payout ratio is 100.66%.

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About Nasdaq

Nasdaq, Inc (Nasdaq) is a holding company. The Company is a provider of trading, clearing, exchange technology, regulatory, securities listing, information and public company services. It manages, operates and provides its products and services through four segments: Market Services, Corporate Services, Information Services and Market Technology.

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Earnings History and Estimates for Nasdaq (NASDAQ:NDAQ)

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