MarketAxess (MKTX) to Release Earnings on Wednesday

MarketAxess (NASDAQ:MKTX) is anticipated to post its quarterly earnings results before the market opens on Wednesday, January 29th. Analysts expect MarketAxess to post earnings of $1.84 per share and revenue of $211,350.00 billion for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

MarketAxess (NASDAQ:MKTX) last announced its earnings results on Wednesday, November 6th. The financial services provider reported $1.90 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $207.17 million. During the same period in the previous year, the company posted $1.46 earnings per share. The firm’s revenue was up 20.0% on a year-over-year basis. On average, analysts expect MarketAxess to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

MarketAxess Stock Up 0.7 %

Shares of MarketAxess stock opened at $221.96 on Wednesday. MarketAxess has a 52-week low of $192.42 and a 52-week high of $296.68. The firm’s 50 day moving average price is $238.70 and its 200-day moving average price is $247.17. The company has a market cap of $8.37 billion, a P/E ratio of 30.08, a PEG ratio of 4.44 and a beta of 1.03.

Insider Buying and Selling at MarketAxess

In related news, Chairman Richard M. Mcvey sold 20,000 shares of the company’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $271.75, for a total value of $5,435,000.00. Following the completion of the transaction, the chairman now owns 592,029 shares of the company’s stock, valued at approximately $160,883,880.75. This represents a 3.27 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, General Counsel Scott Pintoff sold 300 shares of the firm’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 completion of the sale, the general counsel now directly owns 8,302 shares in the company, valued at approximately $1,997,212.14. The trade was a 3.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 30,300 shares of company stock worth $8,183,871. Insiders own 2.66% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on MKTX shares. Citigroup upped their price target on MarketAxess from $310.00 to $325.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. Deutsche Bank Aktiengesellschaft increased their price target on MarketAxess from $258.00 to $264.00 and gave the company a “hold” rating in a research note on Monday, November 11th. The Goldman Sachs Group boosted their price target on MarketAxess from $204.00 to $233.00 and gave the stock a “neutral” rating in a research note on Monday, September 30th. Keefe, Bruyette & Woods cut their price objective on shares of MarketAxess from $255.00 to $251.00 and set a “market perform” rating on the stock in a report on Monday, January 13th. Finally, Bank of America lowered their target price on shares of MarketAxess from $193.00 to $185.00 and set an “underperform” rating for the company in a research note on Thursday, October 3rd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, MarketAxess has a consensus rating of “Hold” and a consensus target price of $261.30.

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.