Nasdaq (NDAQ) Posts Earnings Results, Beats Estimates By $0.05 EPS

Nasdaq (NASDAQ:NDAQ) released its quarterly earnings results on Wednesday, April 24th. The financial services provider reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.17 by $0.05, MarketWatch Earnings reports. Nasdaq had a return on equity of 14.60% and a net margin of 12.67%. The firm had revenue of $638.00 million for the quarter, compared to analyst estimates of $632.71 million. During the same quarter in the previous year, the company posted $1.22 EPS. The business’s revenue was down 13.2% on a year-over-year basis.

Shares of Nasdaq stock traded down $0.63 on Friday, hitting $90.30. The company had a trading volume of 636,308 shares, compared to its average volume of 782,071. The company has a market cap of $15.07 billion, a PE ratio of 18.66, a price-to-earnings-growth ratio of 2.30 and a beta of 0.64. Nasdaq has a 1 year low of $75.49 and a 1 year high of $96.84. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.49.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be paid a $0.47 dividend. The ex-dividend date is Thursday, June 13th. This is an increase from Nasdaq’s previous quarterly dividend of $0.44. This represents a $1.88 annualized dividend and a dividend yield of 2.08%. Nasdaq’s dividend payout ratio is 36.36%.

A number of equities research analysts have commented on the company. Zacks Investment Research lowered Nasdaq from a “hold” rating to a “sell” rating in a research report on Wednesday, May 1st. BidaskClub upgraded Nasdaq from a “hold” rating to a “buy” rating in a research report on Thursday, May 9th. Raymond James reduced their price target on Nasdaq from $97.00 to $96.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 5th. UBS Group boosted their price objective on Nasdaq from $100.00 to $103.00 and gave the company a “buy” rating in a research note on Thursday, April 25th. Finally, Argus initiated coverage on Nasdaq in a research note on Wednesday, February 6th. They issued a “buy” rating and a $97.00 price objective on the stock. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Nasdaq currently has a consensus rating of “Buy” and a consensus price target of $97.92.

In other news, EVP Thomas A. Wittman sold 13,561 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $88.04, for a total value of $1,193,910.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Pc Nelson Griggs sold 1,339 shares of the company’s stock in a transaction that occurred on Monday, February 25th. The shares were sold at an average price of $90.24, for a total value of $120,831.36. The disclosure for this sale can be found here. Over the last three months, insiders sold 16,846 shares of company stock valued at $1,490,582. Company insiders own 0.50% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. Capital Investment Advisory Services LLC bought a new position in shares of Nasdaq in the fourth quarter valued at approximately $43,000. Doyle Wealth Management bought a new position in shares of Nasdaq in the fourth quarter valued at approximately $51,000. Cresset Asset Management LLC bought a new position in shares of Nasdaq in the first quarter valued at approximately $65,000. Pittenger & Anderson Inc. bought a new position in shares of Nasdaq in the first quarter valued at approximately $66,000. Finally, Premia Global Advisors LLC bought a new position in shares of Nasdaq in the first quarter valued at approximately $66,000. 75.65% of the stock is owned by institutional investors.

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Nasdaq Company Profile

Nasdaq, Inc provides trading, clearing, marketplace technology, regulatory, securities listing, information, and public and private company services worldwide. The company's Market Services segment offers equity derivative trading and clearing; cash equity trading; fixed income and commodities trading and clearing; and trade management services.

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Earnings History for Nasdaq (NASDAQ:NDAQ)

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