Brokerages Anticipate MarketAxess Holdings, Inc. (MKTX) Will Announce Earnings of $1.22 Per Share

Brokerages expect MarketAxess Holdings, Inc. (NASDAQ:MKTX) to post $1.22 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for MarketAxess’ earnings. The lowest EPS estimate is $1.21 and the highest is $1.22. MarketAxess posted earnings per share of $1.11 during the same quarter last year, which would suggest a positive year over year growth rate of 9.9%. The business is expected to announce its next quarterly earnings report before the market opens on Wednesday, April 25th.

According to Zacks, analysts expect that MarketAxess will report full-year earnings of $4.56 per share for the current year, with EPS estimates ranging from $4.36 to $4.75. For the next year, analysts forecast that the business will post earnings of $5.51 per share, with EPS estimates ranging from $5.21 to $5.80. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover MarketAxess.

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MarketAxess (NASDAQ:MKTX) last announced its quarterly earnings results on Wednesday, January 31st. The financial services provider reported $0.89 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.88 by $0.01. The firm had revenue of $99.57 million for the quarter, compared to analyst estimates of $98.70 million. MarketAxess had a net margin of 37.26% and a return on equity of 29.54%.

MKTX has been the topic of a number of recent research reports. UBS lowered shares of MarketAxess from an “outperform” rating to a “market perform” rating in a research note on Monday, January 22nd. Zacks Investment Research upgraded shares of MarketAxess from a “sell” rating to a “hold” rating in a research note on Tuesday, December 26th. Goldman Sachs lowered shares of MarketAxess from a “buy” rating to a “neutral” rating and set a $210.00 price objective on the stock. in a research note on Monday, January 8th. Raymond James Financial restated a “market perform” rating on shares of MarketAxess in a research note on Monday, January 22nd. Finally, Keefe, Bruyette & Woods restated a “buy” rating and issued a $215.00 price objective on shares of MarketAxess in a research note on Friday, December 22nd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $214.50.

NASDAQ MKTX opened at $204.40 on Friday. The firm has a market capitalization of $7,603.74, a price-to-earnings ratio of 51.81 and a beta of 0.57. MarketAxess has a one year low of $171.45 and a one year high of $229.84.

In other news, Director David G. Gomach sold 4,225 shares of MarketAxess stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $197.98, for a total value of $836,465.50. Following the sale, the director now owns 259 shares of the company’s stock, valued at $51,276.82. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Kevin M. Mcpherson sold 2,500 shares of MarketAxess stock in a transaction dated Thursday, March 15th. The shares were sold at an average price of $223.43, for a total transaction of $558,575.00. Following the completion of the sale, the insider now directly owns 80,192 shares in the company, valued at approximately $17,917,298.56. The disclosure for this sale can be found here. In the last ninety days, insiders sold 55,125 shares of company stock worth $10,849,545. Insiders own 4.02% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in MKTX. Atlantic Trust Group LLC purchased a new stake in MarketAxess during the third quarter worth about $75,376,000. Alliancebernstein L.P. boosted its holdings in MarketAxess by 34.6% during the fourth quarter. Alliancebernstein L.P. now owns 1,137,345 shares of the financial services provider’s stock worth $229,459,000 after buying an additional 292,437 shares in the last quarter. Allianz Asset Management GmbH boosted its holdings in MarketAxess by 106.0% during the fourth quarter. Allianz Asset Management GmbH now owns 396,862 shares of the financial services provider’s stock worth $80,067,000 after buying an additional 204,205 shares in the last quarter. Carillon Tower Advisers Inc. purchased a new stake in MarketAxess during the fourth quarter worth about $27,119,000. Finally, Ownership Capital B.V. boosted its holdings in MarketAxess by 46.1% during the fourth quarter. Ownership Capital B.V. now owns 256,821 shares of the financial services provider’s stock worth $51,814,000 after buying an additional 81,091 shares in the last quarter. 99.81% of the stock is currently owned by hedge funds and other institutional investors.

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About MarketAxess

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 the access to global liquidity in U.S.

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Earnings History and Estimates for MarketAxess (NASDAQ:MKTX)

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