MarketAxess (NASDAQ:MKTX – Get Free Report) is anticipated to announce its earnings results before the market opens on Thursday, February 6th. Analysts expect the company to announce earnings of $1.70 per share and revenue of $202.65 million for the quarter. Investors interested in registering for the company’s conference call can do so using this link.
MarketAxess (NASDAQ:MKTX – Get Free Report) last announced its earnings results on Wednesday, November 6th. The financial services provider reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.85 by $0.05. MarketAxess had a net margin of 34.32% and a return on equity of 20.93%. The business had revenue of $206.70 million for the quarter, compared to analyst estimates of $207.17 million. During the same quarter last year, the business earned $1.46 earnings per share. The company’s revenue for the quarter was up 20.0% compared to the same quarter last year. On average, analysts expect MarketAxess to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.
MarketAxess Stock Down 1.9 %
Shares of NASDAQ MKTX opened at $218.99 on Thursday. The company’s 50-day simple moving average is $233.69 and its 200-day simple moving average is $247.55. MarketAxess has a 52-week low of $192.42 and a 52-week high of $296.68. The firm has a market cap of $8.26 billion, a price-to-earnings ratio of 29.67, a price-to-earnings-growth ratio of 4.58 and a beta of 1.03.
Wall Street Analyst Weigh In
Check Out Our Latest Report on MarketAxess
Insider Buying and Selling at MarketAxess
In other news, General Counsel Scott Pintoff sold 300 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $240.57, for a total value of $72,171.00. Following the sale, the general counsel now directly owns 8,302 shares of the company’s stock, valued at approximately $1,997,212.14. The trade was a 3.49 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Richard M. Mcvey sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $271.75, for a total transaction of $5,435,000.00. Following the completion of the sale, the chairman now directly owns 592,029 shares in the company, valued at $160,883,880.75. This trade represents a 3.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 30,300 shares of company stock worth $8,183,871 in the last ninety days. 2.66% of the stock is owned by insiders.
MarketAxess Company Profile
MarketAxess Holdings Inc, together with its subsidiaries, operates an electronic trading platform for institutional investor and broker-dealer companies worldwide. The company offers trading technology that provides liquidity access in U.S. high-grade bonds, U.S. high-yield bonds, emerging market debt, eurobonds, municipal bonds, U.S.
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