Wall Street brokerages expect that MarketAxess Holdings Inc. (NASDAQ:MKTX) will post $115.95 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for MarketAxess’ earnings. The lowest sales estimate is $113.00 million and the highest is $118.90 million. MarketAxess posted sales of $103.89 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 11.6%. The company is expected to issue its next earnings report on Wednesday, April 25th.
According to Zacks, analysts expect that MarketAxess will report full-year sales of $115.95 million for the current fiscal year, with estimates ranging from $455.00 million to $455.60 million. For the next year, analysts anticipate that the company will post sales of $524.15 million per share, with estimates ranging from $511.70 million to $536.60 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover MarketAxess.
MarketAxess (NASDAQ:MKTX) last posted its quarterly earnings data on Wednesday, January 31st. The financial services provider reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.01. MarketAxess had a return on equity of 29.54% and a net margin of 37.26%. The firm had revenue of $99.57 million during the quarter, compared to analysts’ expectations of $98.70 million.
MarketAxess (NASDAQ:MKTX) opened at $223.15 on Tuesday. MarketAxess has a fifty-two week low of $171.45 and a fifty-two week high of $223.62. The stock has a market capitalization of $8,250.00, a PE ratio of 53.13 and a beta of 0.57.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 14th were issued a $0.42 dividend. This is a boost from MarketAxess’s previous quarterly dividend of $0.20. This represents a $1.68 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date of this dividend was Tuesday, February 13th. MarketAxess’s dividend payout ratio is presently 40.00%.
In related news, CEO Richard M. Mcvey sold 35,000 shares of the stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $190.61, for a total transaction of $6,671,350.00. Following the completion of the sale, the chief executive officer now directly owns 1,115,767 shares in the company, valued at approximately $212,676,347.87. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David G. Gomach sold 4,225 shares of the stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $197.98, for a total value of $836,465.50. Following the sale, the director now owns 259 shares of the company’s stock, valued at $51,276.82. The disclosure for this sale can be found here. Insiders have sold a total of 52,625 shares of company stock valued at $10,290,970 over the last 90 days. 4.02% of the stock is currently owned by company insiders.
A number of hedge funds have recently modified their holdings of MKTX. Nationwide Fund Advisors boosted its holdings in MarketAxess by 1.4% during the 3rd quarter. Nationwide Fund Advisors now owns 218,950 shares of the financial services provider’s stock valued at $40,398,000 after acquiring an additional 2,925 shares during the period. Canada Pension Plan Investment Board boosted its holdings in MarketAxess by 20.2% during the 3rd quarter. Canada Pension Plan Investment Board now owns 11,900 shares of the financial services provider’s stock valued at $2,196,000 after acquiring an additional 2,000 shares during the period. State Board of Administration of Florida Retirement System boosted its holdings in MarketAxess by 2.2% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 45,967 shares of the financial services provider’s stock valued at $8,481,000 after acquiring an additional 970 shares during the period. FDx Advisors Inc. boosted its holdings in MarketAxess by 71.7% during the 3rd quarter. FDx Advisors Inc. now owns 1,873 shares of the financial services provider’s stock valued at $346,000 after acquiring an additional 782 shares during the period. Finally, BNP Paribas Arbitrage SA boosted its holdings in MarketAxess by 36.8% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 21,455 shares of the financial services provider’s stock valued at $3,959,000 after acquiring an additional 5,767 shares during the period. Institutional investors own 99.82% of the company’s stock.
WARNING: This report was first published by Markets Daily and is the sole property of of Markets Daily. If you are viewing this report on another domain, it was stolen and reposted in violation of US & international trademark and copyright law. The original version of this report can be accessed at https://www.themarketsdaily.com/2018/03/13/115-95-million-in-sales-expected-for-marketaxess-holdings-inc-mktx-this-quarter.html.
MarketAxess Company Profile
MarketAxess Holdings Inc operates an electronic trading platform that enables fixed-income market participants to trade corporate bonds and other types of fixed-income instruments using its trading technology. Institutional investor and broker-dealer firms are users of trading platform, accessing global liquidity in the United States corporate bonds, emerging markets and high-yield bonds, European bonds, the United States agency bonds, municipal bonds, credit default swaps and other fixed-income securities.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for MarketAxess Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MarketAxess and related companies with MarketBeat.com's FREE daily email newsletter.