Brokers Set Expectations for CME Group’s FY2020 Earnings (CME)

CME Group (NASDAQ:CME) – Analysts at Jefferies Group issued their FY2020 earnings per share estimates for shares of CME Group in a report issued on Tuesday, April 3rd. Jefferies Group analyst D. Fannon expects that the financial services provider will post earnings of $7.83 per share for the year.

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CME has been the subject of a number of other reports. BidaskClub cut CME Group from a “buy” rating to a “hold” rating in a research note on Tuesday, December 19th. Zacks Investment Research cut CME Group from a “buy” rating to a “hold” rating in a research note on Tuesday, March 6th. Berenberg Bank began coverage on CME Group in a research note on Thursday, January 25th. They set a “hold” rating and a $170.00 price objective for the company. ValuEngine upgraded CME Group from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Finally, Goldman Sachs upgraded CME Group from a “neutral” rating to a “buy” rating and set a $180.00 price objective for the company in a research note on Wednesday, February 7th. Three analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $163.69.

Shares of NASDAQ CME opened at $158.26 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a market cap of $54,628.39, a P/E ratio of 33.18, a P/E/G ratio of 2.27 and a beta of 0.56. CME Group has a 1-year low of $114.82 and a 1-year high of $171.71.

CME Group (NASDAQ:CME) last issued its quarterly earnings data on Thursday, February 1st. The financial services provider reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.02. The firm had revenue of $900.00 million during the quarter, compared to analysts’ expectations of $886.85 million. CME Group had a return on equity of 7.68% and a net margin of 111.49%. The firm’s quarterly revenue was down 1.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.14 EPS.

Several hedge funds have recently made changes to their positions in the company. Capital International Investors increased its holdings in shares of CME Group by 11.4% in the third quarter. Capital International Investors now owns 12,489,045 shares of the financial services provider’s stock valued at $1,694,514,000 after purchasing an additional 1,279,058 shares during the period. Geode Capital Management LLC increased its holdings in shares of CME Group by 5.4% in the fourth quarter. Geode Capital Management LLC now owns 3,695,039 shares of the financial services provider’s stock valued at $538,556,000 after purchasing an additional 189,971 shares during the period. Jackson Square Partners LLC increased its holdings in shares of CME Group by 672.4% in the fourth quarter. Jackson Square Partners LLC now owns 2,773,705 shares of the financial services provider’s stock valued at $405,099,000 after purchasing an additional 2,414,593 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in shares of CME Group by 53.2% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,201,333 shares of the financial services provider’s stock valued at $321,505,000 after purchasing an additional 764,129 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its holdings in shares of CME Group by 5.5% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 1,711,123 shares of the financial services provider’s stock valued at $249,910,000 after purchasing an additional 89,480 shares during the period. 83.11% of the stock is currently owned by institutional investors and hedge funds.

In other news, insider Hilda Harris Piell sold 3,299 shares of the stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $163.52, for a total value of $539,452.48. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Chairman Terrence A. Duffy sold 20,000 shares of the stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $151.66, for a total value of $3,033,200.00. Following the completion of the transaction, the chairman now directly owns 99,239 shares in the company, valued at $15,050,586.74. The disclosure for this sale can be found here. Over the last quarter, insiders sold 40,699 shares of company stock valued at $6,266,062. 0.57% of the stock is currently owned by company insiders.

The firm also recently declared a quarterly dividend, which was paid on Monday, March 26th. Shareholders of record on Friday, March 9th were paid a $0.70 dividend. The ex-dividend date of this dividend was Thursday, March 8th. This is a boost from CME Group’s previous quarterly dividend of $0.66. This represents a $2.80 dividend on an annualized basis and a yield of 1.77%. CME Group’s dividend payout ratio (DPR) is 58.70%.

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CME Group Company Profile

CME Group Inc, through its subsidiaries, operates contract markets for the trading of futures and options on futures contracts worldwide. It offers a range of products across various asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural products, and metals.

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