Cboe Global Markets, Inc. Forecasted to Earn FY2021 Earnings of $5.85 Per Share (NASDAQ:CBOE)

Cboe Global Markets, Inc. (NASDAQ:CBOE) – Research analysts at Oppenheimer increased their FY2021 earnings per share estimates for shares of Cboe Global Markets in a research report issued to clients and investors on Thursday, January 13th. Oppenheimer analyst O. Lau now expects that the company will post earnings of $5.85 per share for the year, up from their previous forecast of $5.82. Oppenheimer also issued estimates for Cboe Global Markets’ Q4 2021 earnings at $1.49 EPS, Q1 2022 earnings at $1.51 EPS, Q3 2022 earnings at $1.46 EPS and FY2022 earnings at $5.93 EPS.

A number of other research analysts have also recently issued reports on CBOE. Zacks Investment Research cut Cboe Global Markets from a “buy” rating to a “hold” rating and set a $139.00 price objective on the stock. in a research note on Tuesday, December 7th. Morgan Stanley increased their target price on shares of Cboe Global Markets from $116.00 to $121.00 and gave the stock an “underweight” rating in a report on Tuesday, November 2nd. Rosenblatt Securities increased their target price on shares of Cboe Global Markets from $150.00 to $151.00 and gave the stock a “buy” rating in a report on Friday, December 10th. Finally, Compass Point upgraded shares of Cboe Global Markets from a “neutral” rating to a “buy” rating and increased their target price for the stock from $125.00 to $140.00 in a report on Thursday, October 7th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Cboe Global Markets currently has an average rating of “Buy” and a consensus target price of $221.09.

Shares of NASDAQ:CBOE opened at $118.16 on Friday. The stock’s 50-day moving average price is $128.55 and its 200-day moving average price is $125.39. Cboe Global Markets has a 12-month low of $87.00 and a 12-month high of $139.00. The stock has a market capitalization of $12.60 billion, a P/E ratio of 28.27 and a beta of 0.63. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.37.

Cboe Global Markets (NASDAQ:CBOE) last announced its quarterly earnings data on Thursday, October 28th. The company reported $1.45 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.44 by $0.01. Cboe Global Markets had a return on equity of 17.47% and a net margin of 12.94%. The firm had revenue of $369.50 million for the quarter, compared to analysts’ expectations of $366.91 million. During the same period last year, the firm earned $1.11 earnings per share. The company’s revenue for the quarter was up 26.5% compared to the same quarter last year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 15th. Shareholders of record on Tuesday, November 30th were paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date of this dividend was Monday, November 29th. Cboe Global Markets’s dividend payout ratio is 45.93%.

In related news, CEO Edward T. Tilly sold 7,500 shares of the firm’s stock in a transaction that occurred on Tuesday, November 2nd. The shares were sold at an average price of $134.36, for a total transaction of $1,007,700.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Christopher A. Isaacson sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, November 5th. The shares were sold at an average price of $132.46, for a total transaction of $264,920.00. The disclosure for this sale can be found here. Insiders have sold 14,500 shares of company stock valued at $1,939,470 in the last ninety days. Insiders own 0.56% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Penserra Capital Management LLC increased its position in shares of Cboe Global Markets by 29.4% during the second quarter. Penserra Capital Management LLC now owns 348 shares of the company’s stock valued at $41,000 after acquiring an additional 79 shares in the last quarter. Exchange Traded Concepts LLC grew its position in Cboe Global Markets by 1.8% in the 4th quarter. Exchange Traded Concepts LLC now owns 4,728 shares of the company’s stock worth $617,000 after purchasing an additional 84 shares during the period. Private Advisor Group LLC grew its position in Cboe Global Markets by 4.8% in the 3rd quarter. Private Advisor Group LLC now owns 1,915 shares of the company’s stock worth $237,000 after purchasing an additional 88 shares during the period. Commerce Bank grew its position in Cboe Global Markets by 1.2% in the 3rd quarter. Commerce Bank now owns 8,174 shares of the company’s stock worth $1,013,000 after purchasing an additional 97 shares during the period. Finally, Fernwood Investment Management LLC grew its position in Cboe Global Markets by 1.1% in the 3rd quarter. Fernwood Investment Management LLC now owns 8,950 shares of the company’s stock worth $1,109,000 after purchasing an additional 100 shares during the period. 79.79% of the stock is owned by institutional investors.

Cboe Global Markets Company Profile

Cboe Global Markets, Inc engages in the provision of trading and investment solutions to investors. It operates through the following business segments: Options, North American 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.

See Also: Convertible Shares

Earnings History and Estimates for Cboe Global Markets (NASDAQ:CBOE)

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