Brokerages Anticipate CME Group Inc (NASDAQ:CME) to Announce $1.65 EPS
Equities research analysts forecast that CME Group Inc (NASDAQ:CME) will announce $1.65 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for CME Group’s earnings. The lowest EPS estimate is $1.53 and the highest is $1.81. CME Group reported earnings per share of $1.77 during the same quarter last year, which would suggest a negative year-over-year growth rate of 6.8%. The firm is scheduled to announce its next earnings results on Thursday, February 13th.
On average, analysts expect that CME Group will report full year earnings of $6.90 per share for the current fiscal year, with EPS estimates ranging from $6.78 to $7.08. For the next year, analysts anticipate that the company will post earnings of $7.44 per share, with EPS estimates ranging from $7.16 to $7.85. Zacks’ earnings per share averages are an average based on a survey of analysts that follow CME Group.
CME Group (NASDAQ:CME) last announced its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $1.90 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.75 by $0.15. The company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.27 billion. CME Group had a net margin of 40.93% and a return on equity of 9.54%. The firm’s quarterly revenue was up 41.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.45 earnings per share.
In other CME Group news, insider Sean Tully sold 7,200 shares of CME Group stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $223.13, for a total transaction of $1,606,536.00. Following the transaction, the insider now owns 19,923 shares of the company’s stock, valued at approximately $4,445,418.99. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Julie Holzrichter sold 3,436 shares of CME Group stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $216.07, for a total value of $742,416.52. Following the completion of the transaction, the chief operating officer now directly owns 38,704 shares in the company, valued at $8,362,773.28. The disclosure for this sale can be found here. In the last ninety days, insiders sold 13,636 shares of company stock valued at $3,001,008. Corporate insiders own 1.20% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the business. Advantage Investment Management LLC boosted its position in CME Group by 119.0% during the second quarter. Advantage Investment Management LLC now owns 184 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 100 shares during the last quarter. Venturi Wealth Management LLC acquired a new position in CME Group during the third quarter valued at approximately $36,000. Westside Investment Management Inc. acquired a new position in CME Group during the second quarter valued at approximately $38,000. Bartlett & Co. LLC boosted its position in CME Group by 2,471.4% during the third quarter. Bartlett & Co. LLC now owns 180 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 173 shares during the last quarter. Finally, Private Capital Group LLC boosted its position in CME Group by 44.9% during the second quarter. Private Capital Group LLC now owns 242 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 75 shares during the last quarter. 84.77% of the stock is currently owned by institutional investors.
NASDAQ:CME traded up $1.43 during trading hours on Thursday, reaching $206.05. The company had a trading volume of 1,059,600 shares, compared to its average volume of 1,508,858. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.14. CME Group has a 52 week low of $161.05 and a 52 week high of $224.91. The firm has a market cap of $71.14 billion, a price-to-earnings ratio of 30.21, a PEG ratio of 3.91 and a beta of 0.18. The firm’s 50 day moving average price is $207.56 and its 200-day moving average price is $202.08.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Tuesday, December 10th will be issued a dividend of $0.75 per share. The ex-dividend date is Monday, December 9th. This represents a $3.00 annualized dividend and a yield of 1.46%. CME Group’s payout ratio is 43.99%.
CME Group Company Profile
CME Group Inc, through its subsidiaries, operates contract markets for the trading of futures and options on futures contracts worldwide. It offers a range of products across various asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, and metals, as well as fixed income products.
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