$0.99 Earnings Per Share Expected for Cboe Global Markets Inc (CBOE) This Quarter

Brokerages forecast that Cboe Global Markets Inc (NASDAQ:CBOE) will announce $0.99 earnings per share for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Cboe Global Markets’ earnings. The highest EPS estimate is $1.03 and the lowest is $0.97. Cboe Global Markets reported earnings per share of $1.38 in the same quarter last year, which would suggest a negative year over year growth rate of 28.3%. The company is scheduled to announce its next earnings results before the market opens on Friday, May 3rd.

According to Zacks, analysts expect that Cboe Global Markets will report full year earnings of $4.63 per share for the current year, with EPS estimates ranging from $4.31 to $5.05. For the next year, analysts forecast that the company will report earnings of $5.21 per share, with EPS estimates ranging from $5.05 to $5.40. Zacks Investment Research’s earnings per share averages are an average based on a survey of 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 for the quarter, topping the Zacks’ consensus estimate of $1.37 by $0.17. The company had revenue of $334.40 million during the quarter, compared to analysts’ expectations of $324.49 million. Cboe Global Markets’s quarterly revenue was up 25.9% compared to the same quarter last year. During the same period last year, the firm posted $0.87 earnings per share.

A number of equities analysts recently weighed in on CBOE shares. MKM Partners raised shares of Cboe Global Markets from a “neutral” rating to an “overweight” rating in a report on Monday, February 25th. Goldman Sachs Group raised shares of Cboe Global Markets from a “neutral” rating to a “buy” rating and set a $120.00 price objective on the stock in a report on Friday, January 4th. Sandler O’Neill raised shares of Cboe Global Markets from a “hold” rating to a “buy” rating in a report on Monday, January 7th. UBS Group dropped their price objective on shares of Cboe Global Markets from $111.00 to $107.00 and set a “neutral” rating on the stock in a report on Tuesday, January 8th. Finally, Argus began coverage on shares of Cboe Global Markets in a report on Friday, February 22nd. They set a “hold” rating on the stock. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $112.17.

Shares of NASDAQ:CBOE traded up $1.23 during midday trading on Wednesday, reaching $96.14. The company had a trading volume of 888,841 shares, compared to its average volume of 793,656. Cboe Global Markets has a 52-week low of $87.87 and a 52-week high of $115.11.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 1.29%. The ex-dividend date of this dividend was Thursday, February 28th.

In other news, EVP John Deters sold 2,474 shares of the company’s stock in a transaction dated Wednesday, February 20th. The stock was sold at an average price of $93.74, for a total transaction of $231,912.76. Following the sale, the executive vice president now directly owns 3,538 shares in the company, valued at $331,652.12. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.89% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Dupont Capital Management Corp bought a new position in shares of Cboe Global Markets in the fourth quarter worth approximately $138,000. First Interstate Bank bought a new position in shares of Cboe Global Markets in the fourth quarter worth approximately $139,000. WESPAC Advisors SoCal LLC bought a new position in shares of Cboe Global Markets in the fourth quarter worth approximately $175,000. Meeder Asset Management Inc. bought a new position in shares of Cboe Global Markets in the fourth quarter worth approximately $178,000. Finally, Athena Capital Advisors LLC bought a new position in shares of Cboe Global Markets in the fourth quarter worth approximately $180,000. Hedge funds and other institutional investors own 81.98% of the company’s stock.

Cboe Global Markets Company Profile

Cboe Global Markets, Inc engages in the provision of trading and investment solutions to investors. It operates through the following business segments: Options, U.S. Equities, Futures, European Equities, and Global FX. The Options segment includes options exchange business, which lists for trading options on market indexes (index options), as well as on non-exclusive multiply-listed options.

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