CME Group Inc (CME) Forecasted to Post Q1 2018 Earnings of $1.49 Per Share

CME Group Inc (NASDAQ:CME) – Research analysts at Jefferies Group issued their Q1 2018 earnings per share estimates for CME Group in a report issued on Tuesday. Jefferies Group analyst D. Fannon anticipates that the financial services provider will post earnings per share of $1.49 for the quarter. Jefferies Group also issued estimates for CME Group’s Q2 2018 earnings at $1.59 EPS, Q3 2018 earnings at $1.56 EPS, Q4 2018 earnings at $1.51 EPS, FY2018 earnings at $6.15 EPS and FY2019 earnings at $6.67 EPS.

CME Group (NASDAQ:CME) last issued its quarterly earnings data on Thursday, October 26th. The financial services provider reported $1.19 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.16 by $0.03. CME Group had a return on equity of 7.89% and a net margin of 40.94%. The firm had revenue of $890.80 million during the quarter, compared to the consensus estimate of $890.22 million. During the same quarter in the previous year, the company posted $1.05 EPS. The business’s revenue for the quarter was up 5.8% compared to the same quarter last year.

Several other equities analysts also recently issued reports on the company. BidaskClub downgraded CME Group from a “buy” rating to a “hold” rating in a research report on Tuesday, December 19th. Citigroup lifted their target price on CME Group from $138.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday, October 19th. Zacks Investment Research raised CME Group from a “hold” rating to a “buy” rating and set a $164.00 target price for the company in a research note on Tuesday, January 2nd. Wells Fargo & Co lifted their target price on CME Group from $130.00 to $145.00 and gave the company a “market perform” rating in a research note on Wednesday, October 4th. Finally, Barclays lifted their target price on CME Group from $139.00 to $149.00 and gave the company an “overweight” rating in a research note on Tuesday, October 10th. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $144.22.

Shares of CME Group (CME) traded up $0.76 on Thursday, reaching $152.21. The company’s stock had a trading volume of 1,140,900 shares, compared to its average volume of 1,187,817. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.11. CME Group has a 52-week low of $114.82 and a 52-week high of $155.29. The company has a market cap of $51,800.00, a P/E ratio of 34.51, a price-to-earnings-growth ratio of 2.03 and a beta of 0.72.

The company also recently announced a dividend, which was paid on Tuesday, January 16th. Stockholders of record on Thursday, December 28th were paid a $3.50 dividend. This is a boost from CME Group’s previous dividend of $3.25. The ex-dividend date of this dividend was Wednesday, December 27th. CME Group’s dividend payout ratio (DPR) is 59.86%.

In related news, CFO John W. Pietrowicz sold 7,500 shares of CME Group stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $151.50, for a total transaction of $1,136,250.00. Following the completion of the sale, the chief financial officer now directly owns 32,376 shares of the company’s stock, valued at $4,904,964. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO John W. Pietrowicz sold 5,175 shares of CME Group stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $139.70, for a total value of $722,947.50. The disclosure for this sale can be found here. Insiders sold a total of 42,603 shares of company stock valued at $6,250,726 over the last three months. Insiders own 0.57% of the company’s stock.

Several institutional investors have recently made changes to their positions in CME. PNC Financial Services Group Inc. grew its stake in shares of CME Group by 11.9% during the second quarter. PNC Financial Services Group Inc. now owns 86,143 shares of the financial services provider’s stock worth $10,789,000 after purchasing an additional 9,142 shares during the period. Thrivent Financial For Lutherans grew its stake in shares of CME Group by 2.9% during the second quarter. Thrivent Financial For Lutherans now owns 12,860 shares of the financial services provider’s stock worth $1,611,000 after purchasing an additional 360 shares during the period. Artisan Partners Limited Partnership acquired a new stake in shares of CME Group during the second quarter worth $372,000. UBS Asset Management Americas Inc. grew its stake in shares of CME Group by 6.8% during the second quarter. UBS Asset Management Americas Inc. now owns 1,132,380 shares of the financial services provider’s stock worth $141,819,000 after purchasing an additional 72,531 shares during the period. Finally, Public Sector Pension investment Board grew its stake in shares of CME Group by 21.7% during the second quarter. Public Sector Pension investment Board now owns 93,810 shares of the financial services provider’s stock worth $11,749,000 after purchasing an additional 16,700 shares during the period. 82.78% of the stock is owned by institutional investors and hedge funds.

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About CME Group

CME Group Inc, through its exchanges, provides products across all asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural products and metals. The Company’s segment primarily consists of the Chicago Mercantile Exchange Inc (CME), Board of Trade of the City of Chicago, Inc (CBOT), New York Mercantile Exchange, Inc (NYMEX) and Commodity Exchange, Inc (COMEX) exchanges.

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