Cboe Global Markets Inc (CBOE) Expected to Announce Earnings of $1.17 Per Share

Brokerages expect Cboe Global Markets Inc (NASDAQ:CBOE) to report $1.17 earnings per share for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Cboe Global Markets’ earnings. The highest EPS estimate is $1.23 and the lowest is $1.06. Cboe Global Markets reported earnings of $1.38 per share during the same quarter last year, which would indicate a negative year over year growth rate of 15.2%. The company is expected to report its next quarterly earnings report on Friday, May 3rd.

On average, analysts expect that Cboe Global Markets will report full year earnings of $5.00 per share for the current financial year, with EPS estimates ranging from $4.79 to $5.40. For the next year, analysts expect that the business will post earnings of $5.29 per share, with EPS estimates ranging from $5.14 to $5.40. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that follow Cboe Global Markets.

Cboe Global Markets (NASDAQ:CBOE) last issued its quarterly earnings results on Friday, February 8th. The financial services provider reported $1.54 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.37 by $0.17. The firm had revenue of $334.40 million during the quarter, compared to analyst estimates of $324.49 million. The firm’s revenue for the quarter was up 25.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.87 EPS.

CBOE has been the topic of a number of recent analyst reports. Wells Fargo & Co restated a “buy” rating on shares of Cboe Global Markets in a research report on Friday, November 2nd. Sandler O’Neill upgraded shares of Cboe Global Markets from a “hold” rating to a “buy” rating in a research report on Monday, January 7th. Zacks Investment Research downgraded shares of Cboe Global Markets from a “buy” rating to a “hold” rating in a research report on Thursday, January 3rd. Bank of America boosted their price target on shares of Cboe Global Markets from $113.00 to $122.00 and gave the stock a “buy” rating in a research report on Monday, November 5th. Finally, Citigroup set a $115.00 price target on shares of Cboe Global Markets and gave the stock a “hold” rating in a research report on Monday, November 5th. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $114.00.

In other Cboe Global Markets news, VP Christopher A. Isaacson sold 8,719 shares of the business’s stock in a transaction on Tuesday, November 27th. The shares were sold at an average price of $106.48, for a total transaction of $928,399.12. Following the completion of the sale, the vice president now owns 70,000 shares in the company, valued at approximately $7,453,600. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.89% of the company’s stock.

A number of hedge funds have recently made changes to their positions in CBOE. Migdal Insurance & Financial Holdings Ltd. increased its stake in Cboe Global Markets by 83.2% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,196 shares of the financial services provider’s stock valued at $115,000 after purchasing an additional 543 shares in the last quarter. Dupont Capital Management Corp bought a new stake in Cboe Global Markets during the 4th quarter valued at $138,000. First Interstate Bank bought a new stake in Cboe Global Markets during the 4th quarter valued at $139,000. WESPAC Advisors SoCal LLC bought a new stake in Cboe Global Markets during the 4th quarter valued at $175,000. Finally, Meeder Asset Management Inc. bought a new stake in shares of Cboe Global Markets in the 4th quarter worth $178,000. Institutional investors and hedge funds own 81.98% of the company’s stock.

Shares of NASDAQ CBOE opened at $93.54 on Friday. Cboe Global Markets has a 52-week low of $87.87 and a 52-week high of $124.56.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Friday, March 1st will be paid a dividend of $0.31 per share. The ex-dividend date is Thursday, February 28th. This represents a $1.24 dividend on an annualized basis and a yield of 1.33%.

Cboe Global Markets Company Profile

Cboe Global Markets, Inc, through its subsidiaries, operates as an options exchange in the United States. The company operates in five segments: Options, U.S. Equities, Futures, European Equities, and Global FX. The Options segment trades in listed market indexes. The U.S. Equities segment trades in listed cash equities; and provides exchange-traded products (ETP) transaction and ETP listing services.

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