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%.
TRADEMARK VIOLATION NOTICE: This article was first posted by The Lincolnian Online and is the property of of The Lincolnian Online. If you are reading this article on another publication, it was copied illegally and reposted in violation of US and international copyright laws. The original version of this article can be read at https://www.thelincolnianonline.com/2017/12/16/1-00-earnings-per-share-expected-for-nasdaq-inc-ndaq-this-quarter.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Nasdaq Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nasdaq and related companies with MarketBeat.com's FREE daily email newsletter.