Zacks: Brokerages Expect Cboe Global Markets Inc (CBOE:CBOE) Will Post Quarterly Sales of $287.90 Million

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Equities research analysts expect Cboe Global Markets Inc (CBOE:CBOE) to post $287.90 million in sales for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Cboe Global Markets’ earnings, with the highest sales estimate coming in at $306.64 million and the lowest estimate coming in at $279.35 million. Cboe Global Markets reported sales of $283.50 million during the same quarter last year, which indicates a positive year over year growth rate of 1.6%. The company is scheduled to report its next earnings results on Friday, August 2nd.

On average, analysts expect that Cboe Global Markets will report full-year sales of $1.15 billion for the current year, with estimates ranging from $1.13 billion to $1.19 billion. For the next financial year, analysts forecast that the business will report sales of $1.23 billion, with estimates ranging from $1.19 billion to $1.26 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow Cboe Global Markets.

Cboe Global Markets (CBOE:CBOE) last issued its quarterly earnings data on Friday, May 3rd. The financial services provider reported $1.11 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.12. The business had revenue of $280.50 million during the quarter, compared to analysts’ expectations of $279.49 million.

A number of research analysts have commented on the company. Raymond James cut Cboe Global Markets from an “outperform” rating to a “market perform” rating in a research note on Tuesday. Zacks Investment Research upgraded Cboe Global Markets from a “hold” rating to a “buy” rating and set a $105.00 price target on the stock in a research note on Thursday, February 28th. Argus assumed coverage on Cboe Global Markets in a research note on Friday, February 22nd. They set a “hold” rating on the stock. Bank of America upped their price target on Cboe Global Markets from $105.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, May 16th. Finally, JPMorgan Chase & Co. upgraded Cboe Global Markets from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $105.00 to $113.00 in a research note on Monday, February 25th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company. Cboe Global Markets presently has an average rating of “Hold” and a consensus price target of $110.83.

CBOE:CBOE opened at $107.70 on Thursday. Cboe Global Markets has a 52 week low of $87.87 and a 52 week high of $115.11.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be paid a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 1.15%. The ex-dividend date of this dividend is Thursday, May 30th.

In other news, CFO Brian N. Schell sold 10,000 shares of the stock in a transaction on Friday, May 31st. The stock was sold at an average price of $108.47, for a total value of $1,084,700.00. Following the sale, the chief financial officer now directly owns 36,069 shares in the company, valued at $3,912,404.43. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP John Deters sold 834 shares of the stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $103.78, for a total value of $86,552.52. Following the completion of the sale, the executive vice president now owns 3,121 shares in the company, valued at $323,897.38. The disclosure for this sale can be found here. Over the last quarter, insiders sold 25,134 shares of company stock worth $2,679,406. Insiders own 0.89% of the company’s stock.

About Cboe Global Markets

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.

See Also: Outstanding Shares

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