Nasdaq (NDAQ) Scheduled to Post Quarterly Earnings on Thursday

Nasdaq (NASDAQ:NDAQ) is set to announce its earnings results before the market opens on Thursday, October 24th. Analysts expect the company to announce earnings of $0.68 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.05. Nasdaq had a return on equity of 15.45% and a net margin of 14.43%. The company had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.13 billion. During the same period last year, the business earned $0.71 earnings per share. The business’s revenue was up 25.3% on a year-over-year basis. On average, analysts expect Nasdaq to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Nasdaq Stock Performance

Shares of NASDAQ:NDAQ opened at $73.76 on Thursday. Nasdaq has a twelve month low of $47.56 and a twelve month high of $74.88. The firm has a market cap of $42.43 billion, a PE ratio of 38.82, a price-to-earnings-growth ratio of 2.99 and a beta of 0.95. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.94 and a current ratio of 0.94. The business has a fifty day moving average of $71.76 and a 200-day moving average of $65.09.

Nasdaq Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were paid a $0.24 dividend. The ex-dividend date was Friday, September 13th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.30%. Nasdaq’s dividend payout ratio (DPR) is presently 50.53%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on NDAQ shares. Keefe, Bruyette & Woods raised their target price on Nasdaq from $76.00 to $78.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. UBS Group raised their target price on Nasdaq from $73.00 to $79.00 and gave the company a “neutral” rating in a research note on Tuesday, October 8th. Barclays lifted their price objective on Nasdaq from $77.00 to $84.00 and gave the stock an “overweight” rating in a research report on Monday, October 7th. Raymond James upgraded Nasdaq from a “market perform” rating to an “outperform” rating and set a $82.00 price objective for the company in a research report on Monday. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Nasdaq from $66.00 to $72.00 and gave the stock a “hold” rating in a research report on Thursday, August 15th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $77.31.

Insider Activity

In other news, major shareholder Seller Lp Argus sold 42,804,207 shares of Nasdaq stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $64.58, for a total transaction of $2,764,295,688.06. Following the transaction, the insider now owns 42,804,207 shares in the company, valued at $2,764,295,688.06. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.70% of the stock is currently owned by company insiders.

Nasdaq Company Profile

Nasdaq, Inc operates as a technology company that serves capital markets and other industries worldwide. It operates in three segments: Capital Access Platforms, Financial Technology, and Market Services. The Capital Access Platforms segment sells and distributes historical and real-time market data; and develops and licenses Nasdaq-branded indices and financial products.