Cboe Global Markets, Inc. (BATS:CBOE – Free Report) – Investment analysts at Zacks Research increased their Q1 2024 earnings per share (EPS) estimates for Cboe Global Markets in a note issued to investors on Friday, February 23rd. Zacks Research analyst T. De now expects that the company will post earnings per share of $2.06 for the quarter, up from their prior estimate of $1.80. The consensus estimate for Cboe Global Markets’ current full-year earnings is $6.41 per share. Zacks Research also issued estimates for Cboe Global Markets’ Q2 2024 earnings at $1.88 EPS, Q3 2024 earnings at $1.99 EPS, Q4 2024 earnings at $1.96 EPS, FY2024 earnings at $7.89 EPS, Q1 2025 earnings at $2.29 EPS, Q3 2025 earnings at $2.13 EPS, Q4 2025 earnings at $1.85 EPS, FY2025 earnings at $8.12 EPS and FY2026 earnings at $9.00 EPS.
Cboe Global Markets (BATS:CBOE – Get Free Report) last announced its quarterly earnings results on Friday, February 2nd. The company reported $2.06 EPS for the quarter, beating analysts’ consensus estimates of $2.04 by $0.02. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. The firm had revenue of $499.00 million for the quarter, compared to analyst estimates of $510.65 million. During the same period last year, the firm posted $1.80 earnings per share. The business’s revenue for the quarter was up 9.2% on a year-over-year basis.
View Our Latest Research Report on CBOE
Cboe Global Markets Price Performance
Shares of CBOE opened at $196.58 on Monday. Cboe Global Markets has a 1 year low of $103.82 and a 1 year high of $139.00. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.21 and a quick ratio of 1.21. The company has a market capitalization of $20.85 billion, a price-to-earnings ratio of 101.33 and a beta of 0.61. The business has a 50-day moving average of $182.56 and a 200-day moving average of $170.15.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of CBOE. Viking Global Investors LP purchased a new position in shares of Cboe Global Markets during the fourth quarter valued at approximately $430,776,000. Norges Bank purchased a new position in shares of Cboe Global Markets during the fourth quarter valued at approximately $159,764,000. Price T Rowe Associates Inc. MD boosted its position in shares of Cboe Global Markets by 156.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,015,184 shares of the company’s stock valued at $136,280,000 after buying an additional 618,644 shares during the last quarter. Morgan Stanley boosted its position in shares of Cboe Global Markets by 86.7% during the fourth quarter. Morgan Stanley now owns 1,310,493 shares of the company’s stock valued at $164,428,000 after buying an additional 608,728 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its position in shares of Cboe Global Markets by 194.6% during the fourth quarter. Alliancebernstein L.P. now owns 833,975 shares of the company’s stock valued at $104,639,000 after buying an additional 550,867 shares during the last quarter. Hedge funds and other institutional investors own 81.73% of the company’s stock.
Insider Activity
In other news, EVP Dave Howson sold 8,314 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $183.88, for a total transaction of $1,528,778.32. Following the completion of the sale, the executive vice president now owns 17,573 shares in the company, valued at $3,231,323.24. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.51% of the company’s stock.
Cboe Global Markets Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Thursday, February 29th will be issued a dividend of $0.55 per share. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $2.20 annualized dividend and a dividend yield of 1.12%. Cboe Global Markets’s dividend payout ratio is 98.97%.
About Cboe Global Markets
Cboe Global Markets, Inc, through its subsidiaries, operates as an options exchange worldwide. It operates through six segments: Options, North American Equities, Europe and Asia Pacific, Futures, Global FX, and Digital. The Options segment trades in listed market indices. The North American Equities segment trades in listed U.S.
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