Equities research analysts forecast that Nasdaq Inc (NASDAQ:NDAQ) will post $630.74 million in sales for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Nasdaq’s earnings, with estimates ranging from $624.00 million to $638.97 million. Nasdaq reported sales of $583.00 million during the same quarter last year, which indicates a positive year-over-year growth rate of 8.2%. The firm is expected to report its next quarterly earnings report on Wednesday, April 25th.
According to Zacks, analysts expect that Nasdaq will report full-year sales of $630.74 million for the current financial year, with estimates ranging from $2.52 billion to $2.58 billion. For the next financial year, analysts expect that the company will report sales of $2.63 billion per share, with estimates ranging from $2.55 billion to $2.72 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that follow Nasdaq.
Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings data on Wednesday, January 31st. The financial services provider reported $1.05 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.00 by $0.05. The company had revenue of $635.00 million during the quarter, compared to analysts’ expectations of $628.36 million. Nasdaq had a net margin of 18.49% and a return on equity of 12.75%. The firm’s revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.95 EPS.
Shares of Nasdaq (NASDAQ:NDAQ) opened at $86.53 on Monday. The firm has a market cap of $14,412.49, a price-to-earnings ratio of 20.46, a price-to-earnings-growth ratio of 1.85 and a beta of 0.70. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.63. Nasdaq has a 12-month low of $65.98 and a 12-month high of $86.67.
Nasdaq announced that its board has approved a stock buyback program on Monday, January 29th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the financial services provider to purchase shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Friday, March 16th will be given a $0.38 dividend. The ex-dividend date of this dividend is Thursday, March 15th. This represents a $1.52 annualized dividend and a dividend yield of 1.76%. Nasdaq’s dividend payout ratio is 35.19%.
In other news, insider Bradley J. Peterson sold 19,169 shares of the firm’s stock in a transaction dated Friday, January 12th. The shares were sold at an average price of $80.70, for a total value of $1,546,938.30. Following the completion of the sale, the insider now directly owns 32,214 shares of the company’s stock, valued at approximately $2,599,669.80. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Edward S. Knight sold 13,200 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $79.41, for a total transaction of $1,048,212.00. Following the completion of the sale, the insider now directly owns 73,569 shares of the company’s stock, valued at $5,842,114.29. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 42,837 shares of company stock valued at $3,442,932. Corporate insiders own 1.60% of the company’s stock.
Large investors have recently bought and sold shares of the company. Delpha Capital Management LLC bought a new position in shares of Nasdaq in the 4th quarter worth about $103,000. Delta Asset Management LLC TN increased its stake in shares of Nasdaq by 6,087.0% in the 4th quarter. Delta Asset Management LLC TN now owns 1,423 shares of the financial services provider’s stock worth $109,000 after acquiring an additional 1,400 shares in the last quarter. Invictus RG bought a new position in shares of Nasdaq in the 3rd quarter worth about $111,000. ARK Investment Management LLC bought a new position in shares of Nasdaq in the 4th quarter worth about $122,000. Finally, Cerebellum GP LLC bought a new position in shares of Nasdaq in the 4th quarter worth about $125,000. 76.87% of the stock is owned by hedge funds and other institutional investors.
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Nasdaq Company Profile
Nasdaq, Inc (Nasdaq) is a holding company. The Company is a provider of trading, clearing, exchange technology, regulatory, securities listing, information and public company services. It manages, operates and provides its products and services through four segments: Market Services, Corporate Services, Information Services and Market Technology.
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