Brokerages Expect Cboe Global Markets Inc (CBOE:CBOE) Will Post Earnings of $1.10 Per Share

Wall Street brokerages expect Cboe Global Markets Inc (CBOE:CBOE) to announce earnings per share of $1.10 for the current quarter, according to Zacks. Four analysts have made estimates for Cboe Global Markets’ earnings. The highest EPS estimate is $1.23 and the lowest is $1.03. Cboe Global Markets reported earnings per share of $1.05 during the same quarter last year, which would suggest a positive year over year growth rate of 4.8%. The business is expected to issue its next quarterly earnings results on Friday, August 2nd.

On average, analysts expect that Cboe Global Markets will report full-year earnings of $4.48 per share for the current financial year, with EPS estimates ranging from $4.33 to $4.62. For the next year, analysts expect that the business will report earnings of $5.12 per share, with EPS estimates ranging from $5.00 to $5.24. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover Cboe Global Markets.

Cboe Global Markets (CBOE:CBOE) last issued its quarterly earnings data on Friday, May 3rd. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.99 by $0.12. The company had revenue of $280.50 million during the quarter, compared to analysts’ expectations of $279.49 million.

A number of equities research analysts have recently issued reports on the company. MKM Partners upgraded Cboe Global Markets from a “neutral” rating to an “overweight” rating in a research note on Monday, February 25th. Argus initiated coverage on Cboe Global Markets in a report on Friday, February 22nd. They issued a “hold” rating on the stock. JPMorgan Chase & Co. raised Cboe Global Markets from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $105.00 to $113.00 in a report on Monday, February 25th. Zacks Investment Research downgraded Cboe Global Markets from a “hold” rating to a “sell” rating in a research note on Monday, April 29th. Finally, Bank of America lifted their price target on Cboe Global Markets from $105.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, May 16th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the stock. Cboe Global Markets currently has a consensus rating of “Hold” and an average price target of $110.83.

CBOE CBOE traded down $0.33 during trading hours on Friday, hitting $107.70. 599,852 shares of the company’s stock were exchanged, compared to its average volume of 747,336. Cboe Global Markets has a 12-month low of $87.87 and a 12-month high of $115.11.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date of this dividend is Thursday, May 30th.

In other news, CFO Brian N. Schell sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $108.47, for a total transaction of $1,084,700.00. Following the transaction, the chief financial officer now directly owns 36,069 shares of the company’s stock, valued at $3,912,404.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Bryan Harkins sold 4,300 shares of the firm’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $106.71, for a total transaction of $458,853.00. Following the transaction, the executive vice president now directly owns 43,661 shares in the company, valued at $4,659,065.31. The disclosure for this sale can be found here. In the last quarter, insiders have sold 25,134 shares of company stock valued at $2,679,406. Corporate insiders own 0.89% of the company’s stock.

About Cboe Global Markets

Cboe Global Markets, Inc engages in the provision of trading and investment solutions to investors. It operates through the following business segments: Options, U.S. Equities, Futures, European Equities, and Global FX. The Options segment includes options exchange business, which lists for trading options on market indexes (index options), as well as on non-exclusive multiply-listed options.

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