Brokerages Anticipate Cboe Global Markets, Inc. (NASDAQ:CBOE) Will Post Quarterly Sales of $336.69 Million

Wall Street analysts expect Cboe Global Markets, Inc. (NASDAQ:CBOE) to announce $336.69 million in sales for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Cboe Global Markets’ earnings, with the lowest sales estimate coming in at $331.00 million and the highest estimate coming in at $346.90 million. Cboe Global Markets posted sales of $296.90 million in the same quarter last year, which suggests a positive year-over-year growth rate of 13.4%. The firm is expected to issue its next earnings results before the market opens on Friday, July 30th.

On average, analysts expect that Cboe Global Markets will report full-year sales of $1.37 billion for the current financial year, with estimates ranging from $1.35 billion to $1.39 billion. For the next year, analysts forecast that the business will report sales of $1.39 billion, with estimates ranging from $1.35 billion to $1.43 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Cboe Global Markets.

Cboe Global Markets (NASDAQ:CBOE) last released its earnings results on Thursday, April 29th. The company reported $1.53 earnings per share for the quarter, topping the consensus estimate of $1.40 by $0.13. Cboe Global Markets had a return on equity of 16.72% and a net margin of 12.72%. The business had revenue of $365.50 million during the quarter, compared to the consensus estimate of $344.30 million. During the same period last year, the company earned $1.65 earnings per share. The business’s revenue for the quarter was up 2.0% compared to the same quarter last year.

Several analysts have recently weighed in on CBOE shares. Morgan Stanley started coverage on Cboe Global Markets in a research report on Friday. They set an “underweight” rating and a $104.00 target price for the company. Deutsche Bank Aktiengesellschaft lifted their target price on Cboe Global Markets from $107.00 to $117.00 and gave the stock a “buy” rating in a research report on Monday, May 10th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell lifted their target price on Cboe Global Markets from $115.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday, April 26th. Piper Sandler upgraded Cboe Global Markets from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $93.00 to $108.00 in a research report on Wednesday, March 10th. Finally, Citigroup lifted their price objective on Cboe Global Markets from $120.00 to $1,150.00 in a report on Tuesday, April 20th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $166.41.

Shares of NASDAQ:CBOE traded up $0.13 on Tuesday, hitting $113.55. 42,884 shares of the company’s stock were exchanged, compared to its average volume of 661,352. Cboe Global Markets has a 12 month low of $77.63 and a 12 month high of $116.39. The company has a market capitalization of $12.11 billion, a PE ratio of 27.53, a price-to-earnings-growth ratio of 17.12 and a beta of 0.65. The stock’s 50 day simple moving average is $107.49. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.20 and a quick ratio of 1.20.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 15th. Stockholders of record on Friday, May 28th will be paid a dividend of $0.42 per share. The ex-dividend date of this dividend is Thursday, May 27th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.48%. Cboe Global Markets’s payout ratio is 31.88%.

In other Cboe Global Markets news, CEO Edward T. Tilly sold 15,000 shares of the company’s stock in a transaction that occurred on Thursday, May 13th. The stock was sold at an average price of $115.00, for a total value of $1,725,000.00. Following the sale, the chief executive officer now owns 170,074 shares in the company, valued at approximately $19,558,510. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Bryan Harkins sold 3,678 shares of the company’s stock in a transaction that occurred on Thursday, May 6th. The stock was sold at an average price of $110.00, for a total value of $404,580.00. Following the transaction, the executive vice president now directly owns 32,411 shares of the company’s stock, valued at $3,565,210. The disclosure for this sale can be found here. Insiders have sold 22,740 shares of company stock worth $2,572,258 in the last 90 days. Insiders own 0.56% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Ameritas Investment Company LLC acquired a new position in Cboe Global Markets in the 1st quarter valued at $34,000. IFP Advisors Inc grew its holdings in Cboe Global Markets by 87.7% in the 4th quarter. IFP Advisors Inc now owns 381 shares of the company’s stock valued at $30,000 after buying an additional 178 shares in the last quarter. Arcadia Investment Management Corp MI purchased a new stake in Cboe Global Markets in the 1st quarter valued at $49,000. Sowell Financial Services LLC grew its holdings in Cboe Global Markets by 26.8% in the 1st quarter. Sowell Financial Services LLC now owns 625 shares of the company’s stock valued at $67,000 after buying an additional 132 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC grew its holdings in Cboe Global Markets by 32.1% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 869 shares of the company’s stock valued at $81,000 after buying an additional 211 shares in the last quarter. 80.66% of the stock is owned by hedge funds and other institutional investors.

Cboe Global Markets Company Profile

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

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

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