Nasdaq Inc (NDAQ) Expected to Announce Quarterly Sales of $644.24 Million

Analysts expect Nasdaq Inc (NASDAQ:NDAQ) to post sales of $644.24 million for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Nasdaq’s earnings. The lowest sales estimate is $638.97 million and the highest is $648.00 million. Nasdaq posted sales of $583.00 million in the same quarter last year, which suggests a positive year-over-year growth rate of 10.5%. The firm is expected to issue its next quarterly earnings results before the market opens on Wednesday, April 25th.

According to Zacks, analysts expect that Nasdaq will report full year sales of $2.56 billion for the current year, with estimates ranging from $2.53 billion to $2.59 billion. For the next financial year, analysts expect that the company will post sales of $2.65 billion per share, with estimates ranging from $2.58 billion to $2.74 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that follow Nasdaq.

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Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings results on Wednesday, January 31st. The financial services provider reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.05. The business had revenue of $635.00 million during the quarter, compared to the consensus estimate of $628.36 million. Nasdaq had a return on equity of 12.75% and a net margin of 18.49%. The company’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.95 EPS.

A number of equities analysts have issued reports on NDAQ shares. UBS reiterated a “buy” rating and set a $100.00 price target (up previously from $97.00) on shares of Nasdaq in a research note on Tuesday, March 6th. ValuEngine upgraded Nasdaq from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. BidaskClub upgraded Nasdaq from a “hold” rating to a “buy” rating in a research note on Friday, January 12th. Zacks Investment Research upgraded Nasdaq from a “hold” rating to a “buy” rating and set a $90.00 price target for the company in a research note on Wednesday, January 10th. Finally, Deutsche Bank lifted their price target on Nasdaq from $89.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, March 6th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Nasdaq presently has a consensus rating of “Hold” and a consensus target price of $87.04.

NDAQ stock traded down $0.25 during mid-day trading on Friday, reaching $85.65. 853,256 shares of the company traded hands, compared to its average volume of 1,010,656. The company has a market capitalization of $14,320.79, a P/E ratio of 21.10, a price-to-earnings-growth ratio of 1.89 and a beta of 0.64. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.05 and a current ratio of 1.05. Nasdaq has a fifty-two week low of $65.98 and a fifty-two week high of $87.03.

Nasdaq declared that its board has approved a stock buyback program on Monday, January 29th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the financial services provider to reacquire shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 29th. Shareholders of record on Friday, June 15th will be given a dividend of $0.44 per share. The ex-dividend date of this dividend is Thursday, June 14th. This represents a $1.76 annualized dividend and a dividend yield of 2.05%. This is a boost from Nasdaq’s previous quarterly dividend of $0.38. Nasdaq’s dividend payout ratio (DPR) is currently 37.44%.

In related news, insider Lars Ottersgard sold 6,451 shares of Nasdaq stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $80.75, for a total value of $520,918.25. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Charlene T. Begley sold 4,017 shares of Nasdaq stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $81.37, for a total transaction of $326,863.29. The disclosure for this sale can be found here. In the last three months, insiders have sold 23,668 shares of company stock worth $1,895,994. Insiders own 0.40% of the company’s stock.

Several large investors have recently bought and sold shares of NDAQ. OxFORD Asset Management LLP bought a new stake in shares of Nasdaq in the 3rd quarter worth approximately $1,462,000. Nomura Asset Management Co. Ltd. raised its holdings in shares of Nasdaq by 6.9% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 17,204 shares of the financial services provider’s stock worth $1,334,000 after purchasing an additional 1,109 shares during the period. Vident Investment Advisory LLC bought a new stake in shares of Nasdaq in the 3rd quarter worth approximately $558,000. California Public Employees Retirement System raised its holdings in shares of Nasdaq by 4.4% in the 3rd quarter. California Public Employees Retirement System now owns 286,393 shares of the financial services provider’s stock worth $22,216,000 after purchasing an additional 12,093 shares during the period. Finally, IFM Investors Pty Ltd bought a new stake in shares of Nasdaq in the 3rd quarter worth approximately $241,000. 76.49% of the stock is currently owned by institutional investors.

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Nasdaq Company Profile

Nasdaq, Inc provides trading, clearing, marketplace technology, regulatory, securities listing, information, and public and private company services worldwide. The company's Market Services segment offers equity derivative trading and clearing; cash equity trading; fixed income and commodities trading and clearing; and trade management services.

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Earnings History and Estimates for Nasdaq (NASDAQ:NDAQ)

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