CBOE Holdings Inc. Forecasted to Earn Q3 2016 Earnings of $0.57 Per Share (CBOE)
CBOE Holdings Inc. (NASDAQ:CBOE) – Investment analysts at Credit Agricole SA cut their Q3 2016 EPS estimates for CBOE Holdings in a research report issued on Wednesday. Credit Agricole SA analyst R. Rutschow now forecasts that the brokerage will post earnings of $0.57 per share for the quarter, down from their prior estimate of $0.58. Credit Agricole SA has a “Underperform” rating and a $68.00 price objective on the stock. Credit Agricole SA also issued estimates for CBOE Holdings’ Q4 2016 earnings at $0.58 EPS, FY2017 earnings at $2.45 EPS and FY2018 earnings at $2.60 EPS.
A number of other research firms also recently commented on CBOE. Goldman Sachs Group Inc. reiterated a “sell” rating and issued a $61.00 price objective on shares of CBOE Holdings in a report on Tuesday, September 27th. RBC Capital Markets downgraded shares of CBOE Holdings from an “outperform” rating to a “sector perform” rating and cut their price objective for the company from $78.00 to $68.00 in a report on Tuesday, September 27th. Morgan Stanley reiterated an “equal weight” rating and issued a $32.50 price objective (up previously from $26.00) on shares of CBOE Holdings in a report on Wednesday. Jefferies Group increased their price objective on shares of CBOE Holdings from $62.00 to $66.00 and gave the company a “hold” rating in a report on Tuesday. Finally, Credit Suisse Group AG upgraded shares of CBOE Holdings from an “underperform” rating to a “neutral” rating and increased their price objective for the company from $60.00 to $67.00 in a report on Tuesday, September 27th. Five equities research analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $65.26.
Shares of CBOE Holdings (NASDAQ:CBOE) opened at 66.09 on Friday. The company has a 50 day moving average price of $67.89 and a 200-day moving average price of $66.16. CBOE Holdings has a one year low of $58.43 and a one year high of $72.53. The stock has a market cap of $5.37 billion, a price-to-earnings ratio of 25.00 and a beta of 0.55.
CBOE Holdings (NASDAQ:CBOE) last announced its quarterly earnings results on Friday, July 29th. The company reported $0.60 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.60. The firm earned $163.30 million during the quarter, compared to analyst estimates of $159.22 million. CBOE Holdings had a return on equity of 81.50% and a net margin of 32.55%. CBOE Holdings’s quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.54 earnings per share.
Institutional investors have recently modified their holdings of the stock. Renaissance Technologies LLC boosted its position in shares of CBOE Holdings by 0.8% in the first quarter. Renaissance Technologies LLC now owns 4,436,700 shares of the company’s stock valued at $289,850,000 after buying an additional 37,000 shares in the last quarter. BlackRock Fund Advisors boosted its position in shares of CBOE Holdings by 3.4% in the second quarter. BlackRock Fund Advisors now owns 2,990,390 shares of the company’s stock valued at $199,220,000 after buying an additional 97,984 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in shares of CBOE Holdings by 1.1% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 2,460,088 shares of the company’s stock valued at $163,891,000 after buying an additional 26,287 shares in the last quarter. State Street Corp boosted its position in shares of CBOE Holdings by 1.0% in the first quarter. State Street Corp now owns 2,159,668 shares of the company’s stock valued at $141,096,000 after buying an additional 21,575 shares in the last quarter. Finally, Lazard Asset Management LLC boosted its position in shares of CBOE Holdings by 76.5% in the first quarter. Lazard Asset Management LLC now owns 1,859,260 shares of the company’s stock valued at $121,464,000 after buying an additional 806,144 shares in the last quarter. 73.76% of the stock is owned by institutional investors.
In other CBOE Holdings news, CEO Edward T. Tilly sold 6,250 shares of the firm’s stock in a transaction that occurred on Monday, September 12th. The shares were sold at an average price of $67.86, for a total value of $424,125.00. Following the completion of the transaction, the chief executive officer now owns 73,611 shares of the company’s stock, valued at approximately $4,995,242.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.96% of the stock is currently owned by company insiders.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 16th. Shareholders of record on Friday, September 2nd were given a $0.23 dividend. The ex-dividend date was Wednesday, August 31st. This represents a $0.92 annualized dividend and a yield of 1.39%. CBOE Holdings’s dividend payout ratio is presently 37.88%.
About CBOE Holdings
CBOE Holdings, Inc is a holding company. The Company’s principal business is operating markets that offer for trading options on various market indexes (index options), on an exclusive basis and futures contracts, as well as on non-exclusive multiply listed options, such as options on the stocks of individual corporations (equity options), and options on other exchange-traded products (ETP options), such as exchange-traded funds (ETF options) and exchange-traded notes (ETN options).
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