Brokers Issue Forecasts for MarketAxess Holdings Inc.’s Q2 2019 Earnings (NASDAQ:MKTX)

MarketAxess Holdings Inc. (NASDAQ:MKTX) – Equities researchers at Jefferies Financial Group cut their Q2 2019 earnings per share estimates for MarketAxess in a report issued on Tuesday, April 9th, Zacks Investment Research reports. Jefferies Financial Group analyst D. Fannon now anticipates that the financial services provider will post earnings of $1.22 per share for the quarter, down from their prior estimate of $1.26. Jefferies Financial Group also issued estimates for MarketAxess’ Q3 2019 earnings at $1.20 EPS, Q4 2019 earnings at $1.32 EPS and FY2019 earnings at $5.08 EPS.

MarketAxess (NASDAQ:MKTX) last posted its earnings results on Wednesday, April 24th. The financial services provider reported $1.39 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.37 by $0.02. MarketAxess had a return on equity of 29.88% and a net margin of 39.84%. The company had revenue of $124.49 million for the quarter, compared to analyst estimates of $125.43 million. During the same period last year, the company earned $1.27 earnings per share. The business’s revenue was up 8.5% compared to the same quarter last year.

MKTX has been the topic of several other reports. Zacks Investment Research lowered MarketAxess from a “hold” rating to a “sell” rating in a report on Friday, January 11th. BidaskClub upgraded MarketAxess from a “hold” rating to a “buy” rating in a report on Tuesday, February 12th. Finally, Buckingham Research assumed coverage on MarketAxess in a report on Thursday, January 10th. They set a “neutral” rating on the stock. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $232.33.

NASDAQ MKTX traded up $3.14 during trading on Thursday, hitting $286.05. 249,952 shares of the company traded hands, compared to its average volume of 264,972. MarketAxess has a 12 month low of $172.09 and a 12 month high of $288.45. The firm has a market cap of $10.49 billion, a P/E ratio of 62.59, a price-to-earnings-growth ratio of 10.93 and a beta of 0.24.

A number of institutional investors and hedge funds have recently modified their holdings of MKTX. We Are One Seven LLC bought a new position in MarketAxess during the fourth quarter valued at about $26,000. Executive Wealth Management LLC bought a new position in MarketAxess during the fourth quarter valued at about $27,000. Berman Capital Advisors LLC bought a new position in MarketAxess during the fourth quarter valued at about $30,000. Enlightenment Research LLC bought a new position in MarketAxess during the fourth quarter valued at about $42,000. Finally, Pearl River Capital LLC bought a new position in MarketAxess during the fourth quarter valued at about $43,000. Hedge funds and other institutional investors own 99.19% of the company’s stock.

In other news, insider Kevin M. Mcpherson sold 2,000 shares of MarketAxess stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $276.23, for a total value of $552,460.00. Following the transaction, the insider now directly owns 87,317 shares in the company, valued at $24,119,574.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Nicholas Themelis sold 1,489 shares of MarketAxess stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $265.61, for a total value of $395,493.29. Following the completion of the transaction, the insider now owns 53,564 shares in the company, valued at $14,227,134.04. The disclosure for this sale can be found here. Insiders sold 38,676 shares of company stock worth $9,023,854 over the last quarter. 3.52% of the stock is currently owned by corporate insiders.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 8th will be paid a $0.51 dividend. The ex-dividend date of this dividend is Tuesday, May 7th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 0.71%. MarketAxess’s 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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Earnings History and Estimates for MarketAxess (NASDAQ:MKTX)

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