CME Group (NASDAQ:CME) will be releasing its Q3 2019 earnings data before the market opens on Wednesday, October 30th. Analysts expect CME Group to post earnings of $1.70 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.
CME Group (NASDAQ:CME) last posted its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.01. The firm had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.27 billion. CME Group had a net margin of 39.36% and a return on equity of 9.14%. The firm’s quarterly revenue was up 20.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.74 earnings per share. On average, analysts expect CME Group to post $7 EPS for the current fiscal year and $7 EPS for the next fiscal year.
CME opened at $200.66 on Tuesday. The stock has a market capitalization of $72.78 billion, a PE ratio of 29.42, a P/E/G ratio of 4.28 and a beta of 0.20. The firm’s fifty day moving average price is $210.59 and its 200 day moving average price is $200.13. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.05 and a quick ratio of 1.05. CME Group has a 12-month low of $161.05 and a 12-month high of $224.91.
Several research firms recently issued reports on CME. Deutsche Bank upped their price target on shares of CME Group from $224.00 to $240.00 and gave the company a “buy” rating in a report on Friday, August 9th. Citigroup increased their target price on shares of CME Group from $220.00 to $240.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Wells Fargo & Co increased their target price on shares of CME Group from $176.00 to $200.00 and gave the stock a “market perform” rating in a report on Wednesday, July 3rd. BidaskClub cut shares of CME Group from a “buy” rating to a “hold” rating in a report on Friday, October 18th. Finally, Oppenheimer assumed coverage on shares of CME Group in a report on Monday, September 16th. They set an “outperform” rating and a $234.00 target price on the stock. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $203.14.
In other news, insider Sean Tully sold 7,200 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $223.13, for a total transaction of $1,606,536.00. Following the completion of the transaction, the insider now owns 19,923 shares in the company, valued at $4,445,418.99. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Howard J. Siegel sold 5,000 shares of the company’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $205.00, for a total transaction of $1,025,000.00. Following the transaction, the director now owns 80,382 shares of the company’s stock, valued at approximately $16,478,310. The disclosure for this sale can be found here. Insiders have sold 57,126 shares of company stock valued at $11,752,684 in the last 90 days. Insiders own 1.20% of the company’s stock.
About CME Group
CME Group Inc, through its subsidiaries, operates contract markets for the trading of futures and options on futures contracts worldwide. It offers a range of products across various asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, and metals, as well as fixed income products.
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