$0.88 Earnings Per Share Expected for Cboe Global Markets Inc (CBOE) This Quarter

Equities research analysts expect Cboe Global Markets Inc (NASDAQ:CBOE) to announce earnings per share of $0.88 for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Cboe Global Markets’ earnings. The highest EPS estimate is $0.90 and the lowest is $0.87. Cboe Global Markets posted earnings of $0.63 per share in the same quarter last year, which indicates a positive year over year growth rate of 39.7%. The firm is scheduled to report its next earnings results before the market opens on Friday, February 9th.

On average, analysts expect that Cboe Global Markets will report full year earnings of $3.43 per share for the current year, with EPS estimates ranging from $3.41 to $3.46. For the next year, analysts anticipate that the business will report earnings of $4.75 per share, with EPS estimates ranging from $4.63 to $4.99. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that that provide coverage for Cboe Global Markets.

Cboe Global Markets (NASDAQ:CBOE) last announced its earnings results on Tuesday, November 7th. The financial services provider reported $0.89 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.88 by $0.01. Cboe Global Markets had a net margin of 10.55% and a return on equity of 14.70%. The business had revenue of $269.70 million for the quarter, compared to the consensus estimate of $270.14 million. During the same quarter in the prior year, the firm posted $0.72 earnings per share. The business’s revenue for the quarter was up 98.0% on a year-over-year basis.

Several equities research analysts have recently weighed in on CBOE shares. Jefferies Group reissued a “hold” rating and issued a $92.00 target price on shares of Cboe Global Markets in a research note on Tuesday, October 3rd. Wells Fargo & Co reissued an “outperform” rating and issued a $120.00 target price (up previously from $106.00) on shares of Cboe Global Markets in a research note on Thursday, October 5th. They noted that the move was a valuation call. Bank of America increased their target price on shares of Cboe Global Markets from $113.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, October 9th. Zacks Investment Research raised shares of Cboe Global Markets from a “hold” rating to a “buy” rating and set a $121.00 target price on the stock in a research note on Monday, October 9th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $108.00 target price on shares of Cboe Global Markets in a research note on Thursday, October 12th. Eight investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $114.10.

Shares of Cboe Global Markets (NASDAQ CBOE) traded up $0.97 on Friday, hitting $133.88. 885,343 shares of the stock traded hands, compared to its average volume of 1,110,000. Cboe Global Markets has a 1-year low of $75.60 and a 1-year high of $134.15. The stock has a market capitalization of $15,210.00, a P/E ratio of 72.37, a P/E/G ratio of 1.42 and a beta of 0.52. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.46.

In related news, VP Christopher A. Isaacson sold 7,019 shares of Cboe Global Markets stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $124.42, for a total value of $873,303.98. Following the completion of the sale, the vice president now directly owns 90,229 shares in the company, valued at approximately $11,226,292.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Edward T. Tilly sold 5,000 shares of Cboe Global Markets stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $126.28, for a total transaction of $631,400.00. Following the completion of the sale, the chairman now owns 70,611 shares of the company’s stock, valued at $8,916,757.08. The disclosure for this sale can be found here. Insiders sold a total of 12,989 shares of company stock valued at $1,622,840 over the last quarter. 1.86% of the stock is owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in the stock. FMR LLC boosted its stake in Cboe Global Markets by 16.1% in the 2nd quarter. FMR LLC now owns 10,979,841 shares of the financial services provider’s stock worth $1,003,557,000 after purchasing an additional 1,519,882 shares in the last quarter. Vanguard Group Inc. boosted its stake in Cboe Global Markets by 23.8% in the 2nd quarter. Vanguard Group Inc. now owns 9,823,514 shares of the financial services provider’s stock worth $897,869,000 after purchasing an additional 1,886,113 shares in the last quarter. BlackRock Inc. boosted its stake in Cboe Global Markets by 30.7% in the 2nd quarter. BlackRock Inc. now owns 6,411,674 shares of the financial services provider’s stock worth $586,026,000 after purchasing an additional 1,507,072 shares in the last quarter. State Street Corp boosted its stake in Cboe Global Markets by 17.2% in the 2nd quarter. State Street Corp now owns 4,114,972 shares of the financial services provider’s stock worth $376,120,000 after purchasing an additional 604,328 shares in the last quarter. Finally, Artisan Partners Limited Partnership boosted its stake in Cboe Global Markets by 2.2% in the 3rd quarter. Artisan Partners Limited Partnership now owns 2,318,655 shares of the financial services provider’s stock worth $249,557,000 after purchasing an additional 50,004 shares in the last quarter. Institutional investors own 83.81% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This piece of content was first published by Ticker Report and is the sole property of of Ticker Report. If you are accessing this piece of content on another website, it was illegally copied and reposted in violation of U.S. & international trademark and copyright legislation. The correct version of this piece of content can be accessed at https://www.tickerreport.com/banking-finance/3148086/0-88-earnings-per-share-expected-for-cboe-global-markets-inc-cboe-this-quarter.html.

Cboe Global Markets Company Profile

Cboe Global Markets, Inc, formerly CBOE Holdings, Inc, is a holding company. The Company provides trading and investment solutions to investors around the world. It offers trading across a diverse range of products in multiple asset classes and geographies, including options, futures, United States and European equities, exchange-traded products (ETPs), global foreign exchange (FX) and multi-asset volatility products based on the Cboe Volatility Index (VIX Index).

Get a free copy of the Zacks research report on Cboe Global Markets (CBOE)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Cboe Global Markets Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cboe Global Markets and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


© 2006-2018 Ticker Report. Google+.