Nasdaq Inc (NASDAQ:NDAQ) Expected to Announce Quarterly Sales of $646.43 Million

Equities research analysts expect Nasdaq Inc (NASDAQ:NDAQ) to report $646.43 million in sales for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Nasdaq’s earnings. The highest sales estimate is $657.00 million and the lowest is $637.00 million. Nasdaq posted sales of $645.00 million in the same quarter last year, which suggests a positive year-over-year growth rate of 0.2%. The company is expected to report its next quarterly earnings results on Wednesday, January 29th.

On average, analysts expect that Nasdaq will report full-year sales of $2.53 billion for the current year, with estimates ranging from $2.53 billion to $2.55 billion. For the next financial year, analysts anticipate that the company will post sales of $2.65 billion, with estimates ranging from $2.63 billion to $2.67 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover Nasdaq.

Nasdaq (NASDAQ:NDAQ) last issued its earnings results on Wednesday, October 23rd. The financial services provider reported $1.27 EPS for the quarter, beating the Zacks’ consensus estimate of $1.21 by $0.06. Nasdaq had a net margin of 12.16% and a return on equity of 15.22%. The business had revenue of $632.00 million for the quarter, compared to the consensus estimate of $627.44 million. During the same quarter last year, the firm posted $1.13 EPS. The business’s revenue for the quarter was up 5.3% compared to the same quarter last year.

Several research firms recently issued reports on NDAQ. Oppenheimer began coverage on shares of Nasdaq in a research note on Monday, September 16th. They set an “outperform” rating and a $111.00 price target on the stock. BidaskClub downgraded shares of Nasdaq from a “buy” rating to a “hold” rating in a research note on Thursday, October 3rd. Deutsche Bank lifted their price target on shares of Nasdaq from $110.00 to $111.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. ValuEngine downgraded shares of Nasdaq from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, UBS Group downgraded shares of Nasdaq from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $113.00 to $107.00 in a research note on Friday, October 25th. Two analysts have rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $102.70.

In other Nasdaq news, EVP Pc Nelson Griggs sold 1,444 shares of the firm’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $101.09, for a total transaction of $145,973.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.50% of the stock is owned by company insiders.

Hedge funds have recently made changes to their positions in the business. CWM LLC grew its holdings in Nasdaq by 71.2% during the 3rd quarter. CWM LLC now owns 250 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 104 shares in the last quarter. Whittier Trust Co. grew its holdings in Nasdaq by 1,261.5% during the 3rd quarter. Whittier Trust Co. now owns 354 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 328 shares in the last quarter. Doyle Wealth Management acquired a new position in Nasdaq during the 2nd quarter worth $62,000. Benjamin Edwards Inc. grew its holdings in Nasdaq by 28.7% during the 2nd quarter. Benjamin Edwards Inc. now owns 883 shares of the financial services provider’s stock worth $85,000 after acquiring an additional 197 shares in the last quarter. Finally, Pittenger & Anderson Inc. grew its holdings in Nasdaq by 20.0% during the 2nd quarter. Pittenger & Anderson Inc. now owns 900 shares of the financial services provider’s stock worth $87,000 after acquiring an additional 150 shares in the last quarter. 76.38% of the stock is owned by institutional investors.

Nasdaq stock traded down $0.37 during midday trading on Friday, hitting $104.37. 712,000 shares of the stock were exchanged, compared to its average volume of 739,631. Nasdaq has a 1 year low of $75.49 and a 1 year high of $106.23. The firm has a market cap of $17.30 billion, a P/E ratio of 21.56, a P/E/G ratio of 2.76 and a beta of 0.64. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.95 and a quick ratio of 0.89. The company has a 50 day moving average price of $100.07 and a two-hundred day moving average price of $98.05.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 1.80%. The ex-dividend date is Thursday, December 12th. Nasdaq’s dividend payout ratio is currently 38.84%.

Nasdaq Company Profile

Nasdaq, Inc provides trading, clearing, marketplace technology, regulatory, securities listing, information, and public and private company services worldwide. The company's Market Services segment offers equity derivative trading and clearing; cash equity trading; fixed income and commodities trading and clearing; and trade management services.

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Earnings History and Estimates for Nasdaq (NASDAQ:NDAQ)

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