FY2016 EPS Estimates for CBOE Holdings Inc. (CBOE) Lowered by Credit Agricole SA
CBOE Holdings Inc. (NASDAQ:CBOE) – Analysts at Credit Agricole SA dropped their FY2016 earnings per share (EPS) estimates for CBOE Holdings in a research note issued to investors on Wednesday. Credit Agricole SA analyst R. Rutschow now expects that the firm will post earnings of $2.35 per share for the year, down from their previous forecast of $2.37. Credit Agricole SA currently has a “Underperform” rating and a $68.00 target price on the stock.
Several other research analysts have also commented on the stock. Morgan Stanley reaffirmed an “equal weight” rating and issued a $32.50 price target (up from $26.00) on shares of CBOE Holdings in a report on Wednesday, October 12th. Jefferies Group lifted their price target on shares of CBOE Holdings from $62.00 to $66.00 and gave the company a “hold” rating in a report on Tuesday, October 11th. Evercore ISI raised shares of CBOE Holdings from a “hold” rating to a “buy” rating and set a $74.00 price target for the company in a report on Tuesday, October 11th. Deutsche Bank AG lifted their price target on shares of CBOE Holdings from $68.00 to $70.00 and gave the company a “hold” rating in a report on Wednesday, October 5th. Finally, Wells Fargo & Co. raised shares of CBOE Holdings from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $67.50 to $80.50 in a report on Tuesday, October 4th. Five research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the stock. CBOE Holdings currently has an average rating of “Hold” and an average target price of $65.26.
Shares of CBOE Holdings (NASDAQ:CBOE) opened at 66.09 on Monday. The firm has a market capitalization of $5.37 billion, a price-to-earnings ratio of 25.00 and a beta of 0.55. The stock has a 50 day moving average of $67.89 and a 200 day moving average of $66.16. CBOE Holdings has a 52-week low of $58.43 and a 52-week high of $72.53.
CBOE Holdings (NASDAQ:CBOE) last issued its earnings results on Friday, July 29th. The company reported $0.60 earnings per share for the quarter, hitting the consensus estimate of $0.60. CBOE Holdings had a net margin of 32.55% and a return on equity of 81.50%. The company had revenue of $163.30 million for the quarter, compared to analyst estimates of $159.22 million. During the same period in the prior year, the business posted $0.54 earnings per share. The firm’s revenue for the quarter was up 9.8% compared to the same quarter last year.
In other news, CEO Edward T. Tilly sold 6,250 shares of CBOE Holdings 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 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 the SEC website. 0.96% of the stock is currently owned by insiders.
Several institutional investors have recently made changes to their positions in CBOE. Steinberg Global Asset Management acquired a new position in shares of CBOE Holdings during the second quarter valued at about $203,000. Tower Research Capital LLC TRC increased its position in CBOE Holdings by 53.4% in the second quarter. Tower Research Capital LLC TRC now owns 3,204 shares of the company’s stock valued at $213,000 after buying an additional 1,115 shares during the period. Fox Run Management L.L.C. purchased a new position in CBOE Holdings during the third quarter valued at $220,000. Raymond James & Associates increased its position in CBOE Holdings by 2.2% in the second quarter. Raymond James & Associates now owns 3,609 shares of the company’s stock valued at $240,000 after buying an additional 76 shares during the period. Finally, Quadrature Capital Ltd purchased a new position in CBOE Holdings during the second quarter valued at $246,000. 73.72% of the stock is currently owned by institutional investors.
CBOE Holdings Company Profile
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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