Analysts forecast that MarketAxess Holdings Inc. (NASDAQ:MKTX) will post earnings per share of $1.25 for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for MarketAxess’ earnings, with estimates ranging from $1.20 to $1.30. MarketAxess reported earnings of $1.11 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 12.6%. The firm is expected to report its next earnings report on Wednesday, April 25th.
According to Zacks, analysts expect that MarketAxess will report full year earnings of $4.69 per share for the current financial year, with EPS estimates ranging from $4.63 to $4.75. For the next financial year, analysts forecast that the business will post earnings of $5.67 per share, with EPS estimates ranging from $5.44 to $5.90. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for MarketAxess.
MarketAxess (NASDAQ:MKTX) last issued its earnings results on Wednesday, January 31st. The financial services provider reported $0.89 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.01. MarketAxess had a net margin of 37.26% and a return on equity of 29.54%. The firm had revenue of $99.57 million for the quarter, compared to analysts’ expectations of $98.70 million.
In related news, CFO Antonio L. Delise sold 8,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $200.67, for a total transaction of $1,605,360.00. Following the transaction, the chief financial officer now owns 45,696 shares in the company, valued at $9,169,816.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David G. Gomach sold 4,225 shares of the firm’s stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $197.98, for a total transaction of $836,465.50. Following the transaction, the director now owns 259 shares in the company, valued at approximately $51,276.82. The disclosure for this sale can be found here. Insiders sold 52,625 shares of company stock worth $10,290,970 in the last 90 days. 4.02% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of MKTX. Nationwide Fund Advisors increased its stake in shares of MarketAxess by 1.4% during the third 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. Aperio Group LLC increased its stake in shares of MarketAxess by 3.4% during the third quarter. Aperio Group LLC now owns 17,946 shares of the financial services provider’s stock valued at $3,311,000 after acquiring an additional 585 shares during the period. Crossmark Global Holdings Inc. acquired a new position in shares of MarketAxess during the third quarter valued at approximately $1,014,000. Victory Capital Management Inc. increased its stake in shares of MarketAxess by 21.1% during the third quarter. Victory Capital Management Inc. now owns 104,585 shares of the financial services provider’s stock valued at $19,297,000 after acquiring an additional 18,241 shares during the period. Finally, Canada Pension Plan Investment Board increased its stake in shares of MarketAxess by 20.2% during the third 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. Institutional investors and hedge funds own 99.82% of the company’s stock.
Shares of MarketAxess (MKTX) traded down $3.53 during trading hours on Friday, hitting $220.44. 38,846 shares of the company’s stock traded hands, compared to its average volume of 271,032. MarketAxess has a 12 month low of $171.45 and a 12 month high of $227.06. The firm has a market capitalization of $8,396.97, a price-to-earnings ratio of 56.64 and a beta of 0.57.
The company also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 14th were paid a $0.42 dividend. The ex-dividend date was Tuesday, February 13th. This represents a $1.68 annualized dividend and a dividend yield of 0.76%. This is a positive change from MarketAxess’s previous quarterly dividend of $0.20. MarketAxess’s dividend payout ratio (DPR) is presently 43.19%.
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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.
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