Brokerages expect MarketAxess Holdings Inc. (NASDAQ:MKTX) to post earnings per share (EPS) of $1.23 for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for MarketAxess’ earnings, with the highest EPS estimate coming in at $1.25 and the lowest estimate coming in at $1.22. MarketAxess reported earnings per share of $1.07 during the same quarter last year, which would suggest a positive year-over-year growth rate of 15%. The firm is expected to announce its next earnings report on Wednesday, July 24th.
According to Zacks, analysts expect that MarketAxess will report full-year earnings of $5.11 per share for the current financial year, with EPS estimates ranging from $5.01 to $5.28. For the next year, analysts expect that the company will post earnings of $5.90 per share, with EPS estimates ranging from $5.74 to $6.03. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that that provide coverage for MarketAxess.
MarketAxess (NASDAQ:MKTX) last released its quarterly earnings data on Wednesday, April 24th. The financial services provider reported $1.39 EPS for the quarter, beating the consensus estimate of $1.37 by $0.02. MarketAxess had a return on equity of 29.88% and a net margin of 39.84%. The company had revenue of $124.49 million for the quarter, compared to analyst estimates of $125.43 million. During the same period last year, the company posted $1.27 earnings per share. The firm’s revenue was up 8.5% compared to the same quarter last year.
A number of equities analysts have commented on the company. BidaskClub upgraded MarketAxess from a “hold” rating to a “buy” rating in a research note on Friday, March 22nd. Rosenblatt Securities assumed coverage on MarketAxess in a research note on Monday, April 15th. They issued a “neutral” rating and a $255.00 target price for the company. Barclays lifted their target price on MarketAxess from $218.00 to $244.00 and gave the company an “equal weight” rating in a research note on Thursday, April 25th. Finally, Zacks Investment Research downgraded MarketAxess from a “hold” rating to a “sell” rating in a research report on Wednesday, April 3rd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. MarketAxess presently has an average rating of “Hold” and a consensus target price of $232.33.
NASDAQ:MKTX opened at $292.17 on Friday. The stock has a market capitalization of $10.82 billion, a P/E ratio of 63.93, a PEG ratio of 11.22 and a beta of 0.24. MarketAxess has a one year low of $172.09 and a one year high of $293.91.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors of record on Wednesday, May 8th will be issued a dividend of $0.51 per share. The ex-dividend date of this dividend is Tuesday, May 7th. This represents a $2.04 annualized dividend and a yield of 0.70%. MarketAxess’s payout ratio is 44.64%.
In other MarketAxess news, insider Nicholas Themelis sold 1,489 shares of the company’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $265.61, for a total value of $395,493.29. Following the transaction, the insider now owns 53,564 shares of the company’s stock, valued at $14,227,134.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Antonio L. Delise sold 8,000 shares of the company’s stock in a transaction on Tuesday, February 19th. The shares were sold at an average price of $231.99, for a total value of $1,855,920.00. Following the completion of the transaction, the chief financial officer now directly owns 36,901 shares in the company, valued at approximately $8,560,662.99. The disclosure for this sale can be found here. In the last three months, insiders have sold 35,489 shares of company stock worth $9,540,673. 3.52% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Townsquare Capital LLC bought a new position in shares of MarketAxess in the fourth quarter valued at $235,000. Peregrine Capital Management LLC increased its holdings in shares of MarketAxess by 2.6% in the fourth quarter. Peregrine Capital Management LLC now owns 65,390 shares of the financial services provider’s stock valued at $13,818,000 after buying an additional 1,628 shares in the last quarter. Campbell Newman Asset Management Inc. increased its holdings in shares of MarketAxess by 2.4% in the first quarter. Campbell Newman Asset Management Inc. now owns 2,725 shares of the financial services provider’s stock valued at $671,000 after buying an additional 63 shares in the last quarter. Public Employees Retirement System of Ohio increased its holdings in shares of MarketAxess by 12.3% in the fourth quarter. Public Employees Retirement System of Ohio now owns 14,776 shares of the financial services provider’s stock valued at $3,122,000 after buying an additional 1,624 shares in the last quarter. Finally, Chartwell Investment Partners LLC increased its holdings in shares of MarketAxess by 5.0% in the first quarter. Chartwell Investment Partners LLC now owns 2,551 shares of the financial services provider’s stock valued at $628,000 after buying an additional 122 shares in the last quarter. 99.19% of the stock is currently owned by institutional investors.
MarketAxess Company Profile
MarketAxess Holdings Inc, together with its subsidiaries, operates an electronic trading platform that enables fixed-income market participants to trade corporate bonds and other types of fixed-income instruments worldwide. It offers institutional investor and broker-dealer firms the access to global liquidity in U.S.
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