$196.24 Million in Sales Expected for MarketAxess Holdings Inc. (NASDAQ:MKTX) This Quarter


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Analysts forecast that MarketAxess Holdings Inc. (NASDAQ:MKTX) will announce sales of $196.24 million for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for MarketAxess’ earnings, with the lowest sales estimate coming in at $187.94 million and the highest estimate coming in at $206.30 million. MarketAxess reported sales of $168.98 million during the same quarter last year, which indicates a positive year-over-year growth rate of 16.1%. The business is expected to announce its next quarterly earnings report on Wednesday, May 5th.

According to Zacks, analysts expect that MarketAxess will report full year sales of $794.04 million for the current fiscal year, with estimates ranging from $776.00 million to $813.84 million. For the next year, analysts anticipate that the firm will post sales of $885.88 million, with estimates ranging from $836.70 million to $957.64 million. Zacks’ sales calculations are an average based on a survey of research analysts that follow MarketAxess.

MarketAxess (NASDAQ:MKTX) last issued its earnings results on Wednesday, January 27th. The financial services provider reported $1.91 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.84 by $0.07. The business had revenue of $171.35 million during the quarter, compared to analyst estimates of $141.27 million. MarketAxess had a return on equity of 33.35% and a net margin of 42.73%. MarketAxess’s revenue was up 32.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.32 EPS.

Several equities research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft raised their target price on shares of MarketAxess from $517.00 to $562.00 and gave the stock a “hold” rating in a report on Wednesday, October 28th. William Blair restated a “market perform” rating on shares of MarketAxess in a research note on Wednesday, January 20th. Rosenblatt Securities upped their price objective on MarketAxess from $588.00 to $605.00 and gave the company a “buy” rating in a research report on Monday, February 1st. Loop Capital increased their target price on MarketAxess from $621.00 to $631.00 and gave the company a “buy” rating in a report on Wednesday, November 4th. Finally, Morgan Stanley boosted their price target on MarketAxess from $599.00 to $606.00 and gave the company an “equal weight” rating in a research note on Monday, February 1st. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. MarketAxess currently has a consensus rating of “Hold” and a consensus target price of $512.00.

Shares of MKTX stock traded up $3.30 during trading hours on Thursday, reaching $544.37. The company had a trading volume of 16,220 shares, compared to its average volume of 278,642. The business has a fifty day moving average price of $542.24 and a 200-day moving average price of $525.16. MarketAxess has a one year low of $275.49 and a one year high of $606.45. The firm has a market cap of $20.67 billion, a PE ratio of 73.01 and a beta of 0.41.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 24th. Stockholders of record on Wednesday, February 10th will be given a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 0.48%. This is an increase from MarketAxess’s previous quarterly dividend of $0.60. The ex-dividend date is Tuesday, February 9th. MarketAxess’s payout ratio is presently 48.89%.

In other MarketAxess news, insider Nicholas Themelis sold 4,000 shares of the business’s stock in a transaction on Monday, December 7th. The shares were sold at an average price of $546.49, for a total value of $2,185,960.00. Following the sale, the insider now owns 29,661 shares in the company, valued at approximately $16,209,439.89. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, General Counsel Scott Pintoff sold 250 shares of the stock in a transaction dated Monday, February 8th. The shares were sold at an average price of $572.32, for a total transaction of $143,080.00. Following the transaction, the general counsel now directly owns 6,473 shares of the company’s stock, valued at approximately $3,704,627.36. The disclosure for this sale can be found here. Insiders have sold 46,250 shares of company stock valued at $26,058,763 in the last quarter. 3.05% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently modified their holdings of MKTX. Great West Life Assurance Co. Can raised its position in shares of MarketAxess by 2,386.6% during the 3rd quarter. Great West Life Assurance Co. Can now owns 1,212,082 shares of the financial services provider’s stock valued at $24,392,000 after buying an additional 1,163,338 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of MarketAxess by 40.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,857,237 shares of the financial services provider’s stock valued at $1,059,665,000 after purchasing an additional 530,363 shares during the last quarter. Ownership Capital B.V. lifted its stake in shares of MarketAxess by 28.3% in the 4th quarter. Ownership Capital B.V. now owns 1,077,270 shares of the financial services provider’s stock valued at $98,279,000 after purchasing an additional 237,394 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in shares of MarketAxess by 20.5% in the 3rd quarter. Wells Fargo & Company MN now owns 977,804 shares of the financial services provider’s stock worth $470,902,000 after purchasing an additional 166,617 shares during the period. Finally, BlackRock Inc. increased its position in shares of MarketAxess by 3.4% during the 3rd quarter. BlackRock Inc. now owns 3,647,324 shares of the financial services provider’s stock valued at $1,756,515,000 after purchasing an additional 118,334 shares during the last quarter. 90.76% of the stock is currently owned by institutional investors and hedge funds.

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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Earnings History and Estimates for MarketAxess (NASDAQ:MKTX)

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