Analysts expect that Nasdaq Inc (NASDAQ:NDAQ) will post sales of $630.74 million for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Nasdaq’s earnings, with estimates ranging from $624.00 million to $638.97 million. Nasdaq reported sales of $583.00 million during the same quarter last year, which would indicate a positive year over year growth rate of 8.2%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, April 25th.
On average, analysts expect that Nasdaq will report full-year sales of $630.74 million for the current year, with estimates ranging from $2.52 billion to $2.58 billion. For the next fiscal year, analysts forecast that the company will post sales of $2.63 billion per share, with estimates ranging from $2.55 billion to $2.72 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that follow Nasdaq.
Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings data on Wednesday, January 31st. The financial services provider reported $1.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.00 by $0.05. Nasdaq had a return on equity of 12.75% and a net margin of 18.49%. The business had revenue of $635.00 million for the quarter, compared to analysts’ expectations of $628.36 million. During the same quarter in the previous year, the firm earned $0.95 earnings per share. The business’s revenue was up 6.0% on a year-over-year basis.
Several analysts have issued reports on NDAQ shares. Bank of America boosted their target price on Nasdaq from $79.00 to $82.00 and gave the company an “underperform” rating in a research note on Thursday, February 1st. Zacks Investment Research lowered Nasdaq from a “buy” rating to a “hold” rating in a research note on Thursday, January 11th. BidaskClub upgraded Nasdaq from a “hold” rating to a “buy” rating in a research note on Friday, January 12th. Jefferies Group restated a “hold” rating and issued a $83.50 target price on shares of Nasdaq in a research note on Tuesday, January 16th. Finally, Wells Fargo & Co restated a “market perform” rating and issued a $83.00 target price (up from $77.00) on shares of Nasdaq in a research note on Wednesday, January 10th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $82.05.
In related news, insider Bradley J. Peterson sold 19,169 shares of the business’s stock in a transaction on Friday, January 12th. The stock was sold at an average price of $80.70, for a total transaction of $1,546,938.30. Following the sale, the insider now directly owns 32,214 shares in the company, valued at approximately $2,599,669.80. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Lars Ottersgard sold 6,451 shares of the business’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $80.75, for a total value of $520,918.25. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 42,837 shares of company stock worth $3,442,932. 1.60% of the stock is currently owned by corporate insiders.
Several large investors have recently added to or reduced their stakes in NDAQ. Delpha Capital Management LLC bought a new stake in shares of Nasdaq during the 4th quarter valued at $103,000. Delta Asset Management LLC TN raised its stake in shares of Nasdaq by 6,087.0% during the 4th quarter. Delta Asset Management LLC TN now owns 1,423 shares of the financial services provider’s stock valued at $109,000 after purchasing an additional 1,400 shares during the period. Invictus RG bought a new stake in shares of Nasdaq during the 3rd quarter valued at $111,000. ARK Investment Management LLC bought a new stake in shares of Nasdaq during the 4th quarter valued at $122,000. Finally, Cerebellum GP LLC bought a new stake in shares of Nasdaq during the 4th quarter valued at $125,000. Institutional investors own 76.68% of the company’s stock.
Nasdaq (NDAQ) opened at $78.20 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.05 and a quick ratio of 1.15. Nasdaq has a 1 year low of $65.98 and a 1 year high of $83.29. The firm has a market capitalization of $13,000.00, a price-to-earnings ratio of 20.52, a price-to-earnings-growth ratio of 1.69 and a beta of 0.71.
Nasdaq announced that its board has initiated a share repurchase plan on Monday, January 29th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the financial services provider to repurchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its stock is undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, March 16th will be paid a dividend of $0.38 per share. The ex-dividend date is Thursday, March 15th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.94%. Nasdaq’s payout ratio is 39.90%.
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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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