Cboe Global Markets (CBOE) Expected to Post Earnings of $1.27 Per Share

Analysts expect Cboe Global Markets (NASDAQ:CBOE) to report $1.27 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Cboe Global Markets’ earnings, with estimates ranging from $1.22 to $1.30. Cboe Global Markets reported earnings per share of $0.78 during the same quarter last year, which suggests a positive year over year growth rate of 62.8%. The firm is expected to issue its next quarterly earnings report before the market opens on Friday, May 4th.

According to Zacks, analysts expect that Cboe Global Markets will report full-year earnings of $4.61 per share for the current financial year, with EPS estimates ranging from $4.33 to $4.75. For the next fiscal year, analysts expect that the business will report earnings of $5.01 per share, with EPS estimates ranging from $4.63 to $5.29. Zacks’ EPS calculations are an average based on a survey of research analysts that cover Cboe Global Markets.

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Cboe Global Markets (NASDAQ:CBOE) last posted its quarterly earnings results on Friday, February 9th. The financial services provider reported $0.87 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.88 by ($0.01). The company had revenue of $265.60 million during the quarter, compared to analysts’ expectations of $267.25 million. Cboe Global Markets had a return on equity of 12.74% and a net margin of 17.80%. The company’s quarterly revenue was up 85.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.63 EPS.

Several research firms recently commented on CBOE. Rosenblatt Securities raised shares of Cboe Global Markets from a “neutral” rating to a “buy” rating in a research note on Monday, February 12th. BidaskClub raised shares of Cboe Global Markets from a “hold” rating to a “buy” rating in a research note on Friday, January 26th. JPMorgan Chase downgraded shares of Cboe Global Markets from a “neutral” rating to an “underweight” rating and set a $106.00 price target on the stock. in a research note on Wednesday, March 21st. Wells Fargo reaffirmed an “outperform” rating and issued a $128.00 price target (up previously from $120.00) on shares of Cboe Global Markets in a research note on Monday, March 5th. Finally, Deutsche Bank raised their price target on shares of Cboe Global Markets from $127.00 to $128.00 and gave the stock a “buy” rating in a research note on Tuesday, March 6th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the stock. Cboe Global Markets currently has an average rating of “Hold” and a consensus target price of $119.17.

CBOE stock traded down $1.32 during trading on Friday, hitting $108.35. The company had a trading volume of 894,964 shares, compared to its average volume of 1,097,780. The company has a market capitalization of $12,318.11, a PE ratio of 31.68, a P/E/G ratio of 1.40 and a beta of 0.62. Cboe Global Markets has a 52-week low of $80.93 and a 52-week high of $138.54. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.30 and a quick ratio of 1.30.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 16th. Shareholders of record on Friday, March 2nd were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date was Thursday, March 1st. Cboe Global Markets’s dividend payout ratio (DPR) is 31.58%.

Cboe Global Markets declared that its board has approved a share repurchase plan on Tuesday, February 27th that allows the company to buyback $150.00 million in outstanding shares. This buyback authorization allows the financial services provider to buy shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s board believes its stock is undervalued.

A number of hedge funds and other institutional investors have recently bought and sold shares of CBOE. BlackRock Inc. increased its position in Cboe Global Markets by 10.8% during the 4th quarter. BlackRock Inc. now owns 8,088,983 shares of the financial services provider’s stock valued at $1,007,804,000 after purchasing an additional 786,423 shares during the period. Guggenheim Capital LLC increased its position in Cboe Global Markets by 84.3% during the 4th quarter. Guggenheim Capital LLC now owns 624,576 shares of the financial services provider’s stock valued at $77,815,000 after purchasing an additional 285,612 shares during the period. Janus Henderson Group PLC increased its position in Cboe Global Markets by 46.8% during the 3rd quarter. Janus Henderson Group PLC now owns 704,403 shares of the financial services provider’s stock valued at $75,815,000 after purchasing an additional 224,513 shares during the period. Arrowstreet Capital Limited Partnership increased its position in Cboe Global Markets by 163.4% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 236,767 shares of the financial services provider’s stock valued at $29,499,000 after purchasing an additional 146,867 shares during the period. Finally, Franklin Resources Inc. increased its position in Cboe Global Markets by 39.6% during the 4th quarter. Franklin Resources Inc. now owns 508,960 shares of the financial services provider’s stock valued at $63,411,000 after purchasing an additional 144,467 shares during the period. 84.05% of the stock is currently owned by institutional investors and hedge funds.

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About Cboe Global Markets

Cboe Global Markets, Inc, through its subsidiaries, operates as an options exchange in the United States. The company operates in five segments: Options, U.S. Equities, Futures, European Equities, and Global FX. The Options segment trades in listed market indexes. The U.S. Equities segment trades in listed cash equities; and provides exchange-traded products (ETP) transaction and ETP listing services.

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Earnings History and Estimates for Cboe Global Markets (NASDAQ:CBOE)

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