Nasdaq (NDAQ) to Release Quarterly Earnings on Thursday

Nasdaq (NASDAQ:NDAQ) will be releasing its earnings data before the market opens on Thursday, April 25th. Analysts expect Nasdaq to post earnings of $0.64 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings results on Wednesday, January 31st. The financial services provider reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.02. Nasdaq had a net margin of 17.48% and a return on equity of 19.28%. The company had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same quarter in the prior year, the business earned $0.64 earnings per share. The firm’s revenue for the quarter was up 21.4% on a year-over-year basis. On average, analysts expect Nasdaq to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Nasdaq Trading Up 1.4 %

Shares of Nasdaq stock opened at $61.20 on Tuesday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a market capitalization of $35.20 billion, a P/E ratio of 29.00, a P/E/G ratio of 2.74 and a beta of 0.93. Nasdaq has a 52-week low of $46.88 and a 52-week high of $64.25. The stock’s 50-day simple moving average is $59.52 and its 200 day simple moving average is $56.24.

Nasdaq Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 1.44%. The ex-dividend date was Wednesday, March 13th. Nasdaq’s dividend payout ratio (DPR) is presently 41.71%.

Insiders Place Their Bets

In other news, EVP Bryan Everard Smith sold 7,400 shares of the firm’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $62.91, for a total transaction of $465,534.00. Following the sale, the executive vice president now directly owns 61,672 shares in the company, valued at approximately $3,879,785.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Nasdaq news, major shareholder Dubai Ltd Borse sold 31,000,000 shares of the business’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $58.00, for a total transaction of $1,798,000,000.00. Following the sale, the insider now directly owns 58,341,545 shares of the company’s stock, valued at $3,383,809,610. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Bryan Everard Smith sold 7,400 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $62.91, for a total transaction of $465,534.00. Following the completion of the sale, the executive vice president now owns 61,672 shares of the company’s stock, valued at approximately $3,879,785.52. The disclosure for this sale can be found here. Company insiders own 0.75% of the company’s stock.

Wall Street Analysts Forecast Growth

NDAQ has been the subject of a number of recent analyst reports. Rosenblatt Securities restated a “buy” rating and set a $82.00 price target on shares of Nasdaq in a research report on Thursday, February 1st. Edward Jones assumed coverage on shares of Nasdaq in a research note on Wednesday, April 3rd. They issued a “buy” rating for the company. The Goldman Sachs Group raised shares of Nasdaq from a “neutral” rating to a “buy” rating and set a $73.00 price objective for the company in a report on Tuesday, March 26th. Oppenheimer increased their target price on Nasdaq from $65.00 to $68.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. Finally, Barclays initiated coverage on Nasdaq in a research note on Thursday, April 11th. They set an “overweight” rating and a $76.00 price target for the company. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $67.09.

Nasdaq Company Profile

Nasdaq, Inc operates as a technology company that serves capital markets and other industries worldwide. It operates in three segments: Capital Access Platforms, Financial Technology, and Market Services. The Capital Access Platforms segment sells and distributes historical and real-time market data; and develops and licenses Nasdaq-branded indices and financial products.