Cboe Global Markets, Inc. (BATS:CBOE) Forecasted to Earn Q1 2024 Earnings of $2.06 Per Share

Cboe Global Markets, Inc. (BATS:CBOEFree 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:CBOEGet 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.

A number of other equities analysts also recently issued reports on CBOE. Oppenheimer raised their price objective on Cboe Global Markets from $201.00 to $206.00 and gave the stock an “outperform” rating in a research report on Monday, February 5th. Barclays lowered their price objective on Cboe Global Markets from $204.00 to $200.00 and set an “overweight” rating for the company in a research report on Monday, February 5th. Citigroup raised their price objective on Cboe Global Markets from $170.00 to $188.00 and gave the stock a “neutral” rating in a research report on Friday, January 12th. Rosenblatt Securities raised their price objective on Cboe Global Markets from $192.00 to $200.00 and gave the stock a “buy” rating in a research report on Monday, February 5th. Finally, Piper Sandler lifted their target price on Cboe Global Markets from $177.00 to $193.00 and gave the stock an “overweight” rating in a report on Tuesday, November 21st. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $183.78.

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

(Get Free Report)

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.

Further Reading

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

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