Cboe Global Markets (BATS:CBOE) Releases Earnings Results, Beats Expectations By $0.11 EPS

Cboe Global Markets (BATS:CBOE) announced its quarterly earnings data on Friday. The company reported $2.15 EPS for the quarter, beating the consensus estimate of $2.04 by $0.11, RTT News reports. The firm had revenue of $502.10 million for the quarter, compared to the consensus estimate of $504.80 million. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The company’s revenue was up 6.5% on a year-over-year basis. During the same period last year, the firm earned $1.90 EPS.

Cboe Global Markets Trading Up 3.0 %

Cboe Global Markets stock traded up $5.20 during midday trading on Friday, reaching $179.32. The stock had a trading volume of 961,052 shares, compared to its average volume of 636,231. Cboe Global Markets has a 52-week low of $103.82 and a 52-week high of $139.00. The company has a fifty day moving average of $182.83 and a 200 day moving average of $179.41. The firm has a market cap of $19.02 billion, a price-to-earnings ratio of 90.46 and a beta of 0.61. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.60.

Cboe Global Markets Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were issued a dividend of $0.55 per share. The ex-dividend date was Wednesday, February 28th. This represents a $2.20 annualized dividend and a yield of 1.23%. Cboe Global Markets’s payout ratio is 98.97%.

Insider Buying and Selling at Cboe Global Markets

In other Cboe Global Markets news, EVP Dave Howson sold 8,314 shares of the business’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $183.88, for a total value of $1,528,778.32. Following the completion of the sale, the executive vice president now directly owns 17,573 shares of the company’s stock, valued at approximately $3,231,323.24. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.51% of the company’s stock.

Analysts Set New Price Targets

CBOE has been the topic of a number of recent analyst reports. Oppenheimer raised their price target on Cboe Global Markets from $201.00 to $206.00 and gave the company an “outperform” rating in a report on Monday, February 5th. Barclays upped their price target on Cboe Global Markets from $200.00 to $211.00 and gave the stock an “overweight” rating in a research note on Monday, April 8th. Morgan Stanley reiterated an “equal weight” rating and set a $199.00 price objective (down previously from $211.00) on shares of Cboe Global Markets in a research report on Tuesday, April 9th. Bank of America raised their target price on shares of Cboe Global Markets from $200.00 to $204.00 and gave the company a “buy” rating in a research note on Friday, April 19th. Finally, Rosenblatt Securities boosted their price target on shares of Cboe Global Markets from $192.00 to $200.00 and gave the stock a “buy” rating in a research note on Monday, February 5th. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $190.18.

Cboe Global Markets Company Profile

Cboe Global Markets, Inc, through its subsidiaries, operates as an options exchange worldwide. It operates through six segments: Options, North American Equities, Europe and Asia Pacific, Futures, Global FX, and Digital. The Options segment trades in listed market indices. The North American Equities segment trades in listed U.S.