Zacks: Brokerages Anticipate MarketAxess Holdings Inc. (NASDAQ:MKTX) to Announce $1.22 EPS

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Equities research analysts predict that MarketAxess Holdings Inc. (NASDAQ:MKTX) will announce earnings per share (EPS) of $1.22 for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for MarketAxess’ earnings, with estimates ranging from $1.13 to $1.31. MarketAxess posted earnings of $1.02 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 19.6%. The firm is expected to report its next earnings report on Wednesday, October 23rd.

On average, analysts expect that MarketAxess will report full year earnings of $5.20 per share for the current year, with EPS estimates ranging from $5.04 to $5.45. For the next year, analysts anticipate that the company will report earnings of $5.94 per share, with EPS estimates ranging from $5.79 to $6.03. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow MarketAxess.

MarketAxess (NASDAQ:MKTX) last issued its quarterly earnings results on Wednesday, July 24th. The financial services provider reported $1.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.03). MarketAxess had a return on equity of 29.85% and a net margin of 39.89%. The business had revenue of $125.50 million for the quarter, compared to analyst estimates of $126.06 million. During the same period in the previous year, the company posted $1.07 earnings per share. The business’s revenue for the quarter was up 17.4% on a year-over-year basis.

Several equities research analysts have weighed in on the company. Argus assumed coverage on MarketAxess in a research report on Thursday, August 29th. They set a “hold” rating on the stock. Buckingham Research downgraded MarketAxess from a “neutral” rating to an “underperform” rating and set a $245.00 price target on the stock. in a research report on Wednesday, June 12th. Barclays increased their price target on MarketAxess from $244.00 to $289.00 and gave the stock an “equal weight” rating in a research report on Friday, June 28th. ValuEngine downgraded MarketAxess from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 1st. Finally, Deutsche Bank increased their price target on MarketAxess from $332.00 to $336.00 and gave the stock a “hold” rating in a research report on Wednesday, August 14th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $277.20.

In related news, CEO Richard M. Mcvey sold 20,000 shares of the firm’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $350.07, for a total value of $7,001,400.00. Following the transaction, the chief executive officer now directly owns 1,044,249 shares of the company’s stock, valued at approximately $365,560,247.43. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Nicholas Themelis sold 2,750 shares of the firm’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $347.39, for a total transaction of $955,322.50. Following the completion of the transaction, the insider now directly owns 53,064 shares in the company, valued at $18,433,902.96. The disclosure for this sale can be found here. Insiders sold a total of 23,750 shares of company stock worth $8,359,543 over the last ninety days. 3.28% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently modified their holdings of MKTX. CWM LLC lifted its stake in MarketAxess by 60.7% in the 2nd quarter. CWM LLC now owns 90 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 34 shares in the last quarter. Steward Partners Investment Advisory LLC purchased a new position in MarketAxess in the 2nd quarter worth approximately $36,000. Kavar Capital Partners LLC purchased a new position in MarketAxess in the 2nd quarter worth approximately $40,000. AdvisorNet Financial Inc lifted its stake in MarketAxess by 41.7% in the 2nd quarter. AdvisorNet Financial Inc now owns 170 shares of the financial services provider’s stock worth $55,000 after purchasing an additional 50 shares in the last quarter. Finally, Capital Bank & Trust Co lifted its stake in MarketAxess by 25.0% in the 2nd quarter. Capital Bank & Trust Co now owns 210 shares of the financial services provider’s stock worth $67,000 after purchasing an additional 42 shares in the last quarter. 99.91% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ MKTX opened at $341.75 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 10.05 and a quick ratio of 10.05. The stock’s fifty day moving average price is $370.45 and its 200 day moving average price is $307.54. MarketAxess has a 1 year low of $172.09 and a 1 year high of $421.45. The company has a market cap of $12.92 billion, a price-to-earnings ratio of 74.78 and a beta of 0.17.

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 21st. Investors of record on Wednesday, August 7th were paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date was Tuesday, August 6th. MarketAxess’s dividend payout ratio is presently 44.64%.

MarketAxess Company Profile

MarketAxess Holdings Inc, together with its subsidiaries, operates an electronic trading platform that enables fixed-income market participants to trade corporate bonds and other types of fixed-income instruments worldwide. It offers institutional investor and broker-dealer firms the access to global liquidity in U.S.

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