Nasdaq Inc (NDAQ) Expected to Announce Earnings of $1.18 Per Share

Equities analysts expect Nasdaq Inc (NASDAQ:NDAQ) to announce $1.18 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Nasdaq’s earnings, with the highest EPS estimate coming in at $1.23 and the lowest estimate coming in at $1.15. Nasdaq posted earnings of $1.10 per share during the same quarter last year, which indicates a positive year over year growth rate of 7.3%. The business is expected to announce its next earnings report before the market opens on Wednesday, April 25th.

According to Zacks, analysts expect that Nasdaq will report full-year earnings of $4.83 per share for the current year, with EPS estimates ranging from $4.73 to $4.94. For the next year, analysts anticipate that the business will report earnings of $5.30 per share, with EPS estimates ranging from $5.26 to $5.35. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Nasdaq.

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Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings results on Wednesday, January 31st. The financial services provider reported $1.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.00 by $0.05. The company had revenue of $635.00 million for the quarter, compared to the consensus estimate of $628.36 million. Nasdaq had a return on equity of 12.75% and a net margin of 18.49%. Nasdaq’s revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.95 EPS.

Several research analysts have recently issued reports on NDAQ shares. BidaskClub raised Nasdaq from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, April 3rd. ValuEngine raised Nasdaq from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Deutsche Bank upped their price objective on Nasdaq from $95.00 to $96.00 and gave the stock a “buy” rating in a research report on Friday, April 6th. Wells Fargo upped their price objective on Nasdaq from $85.00 to $95.00 and gave the stock an “outperform” rating in a research report on Thursday, March 29th. Finally, Raymond James Financial upped their price objective on Nasdaq from $87.00 to $92.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 10th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $87.04.

NASDAQ:NDAQ opened at $85.93 on Friday. The stock has a market cap of $14,312.47, a PE ratio of 20.31, a price-to-earnings-growth ratio of 1.88 and a beta of 0.64. Nasdaq has a 1 year low of $65.98 and a 1 year high of $87.03. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.63.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 29th. Investors of record on Friday, June 15th will be given a $0.44 dividend. The ex-dividend date is Thursday, June 14th. This is a boost from Nasdaq’s previous quarterly dividend of $0.38. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.05%. Nasdaq’s dividend payout ratio is 37.44%.

Nasdaq announced that its Board of Directors has initiated a share repurchase plan on Monday, January 29th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the financial services provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

In related news, insider Lars Ottersgard sold 6,451 shares of the company’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $80.75, for a total value of $520,918.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Edward S. Knight sold 13,200 shares of the company’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $79.41, for a total value of $1,048,212.00. Following the completion of the sale, the insider now directly owns 73,569 shares of the company’s stock, valued at $5,842,114.29. The disclosure for this sale can be found here. Over the last three months, insiders sold 23,668 shares of company stock valued at $1,895,994. Insiders own 0.40% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Elkfork Partners LLC acquired a new stake in shares of Nasdaq in the 4th quarter valued at about $620,000. Xact Kapitalforvaltning AB boosted its position in shares of Nasdaq by 4.4% in the 4th quarter. Xact Kapitalforvaltning AB now owns 36,564 shares of the financial services provider’s stock valued at $2,809,000 after purchasing an additional 1,543 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd. boosted its position in shares of Nasdaq by 71.0% in the 4th quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 5,300 shares of the financial services provider’s stock valued at $407,000 after purchasing an additional 2,200 shares during the period. MetLife Investment Advisors LLC acquired a new stake in shares of Nasdaq in the 4th quarter valued at about $2,766,000. Finally, Gotham Asset Management LLC boosted its position in shares of Nasdaq by 8.4% in the 4th quarter. Gotham Asset Management LLC now owns 26,586 shares of the financial services provider’s stock valued at $2,043,000 after purchasing an additional 2,053 shares during the period. 76.49% of the stock is owned by hedge funds and other institutional investors.

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About Nasdaq

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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