MarketAxess (MKTX) to Release Quarterly Earnings on Thursday

MarketAxess (NASDAQ:MKTXGet 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:MKTXGet 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

Several analysts have recently issued reports on MKTX shares. Keefe, Bruyette & Woods dropped their target price on shares of MarketAxess from $255.00 to $251.00 and set a “market perform” rating on the stock in a research report on Monday, January 13th. Morgan Stanley lifted their target price on shares of MarketAxess from $262.00 to $314.00 and gave the company an “equal weight” rating in a research report on Thursday, October 17th. Barclays dropped their target price on shares of MarketAxess from $260.00 to $256.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. Bank of America lowered their price target on shares of MarketAxess from $193.00 to $185.00 and set an “underperform” rating on the stock in a research report on Thursday, October 3rd. Finally, Piper Sandler lowered their price target on shares of MarketAxess from $265.00 to $240.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 7th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $261.30.

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

(Get Free Report)

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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Earnings History for MarketAxess (NASDAQ:MKTX)

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