Zacks: Brokerages Expect CME Group Inc (NASDAQ:CME) Will Announce Quarterly Sales of $1.20 Billion
Equities research analysts expect CME Group Inc (NASDAQ:CME) to announce sales of $1.20 billion for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for CME Group’s earnings. The highest sales estimate is $1.22 billion and the lowest is $1.18 billion. CME Group reported sales of $1.24 billion during the same quarter last year, which would suggest a negative year over year growth rate of 3.2%. The business is scheduled to announce its next quarterly earnings report on Thursday, February 13th.
According to Zacks, analysts expect that CME Group will report full year sales of $4.92 billion for the current financial year, with estimates ranging from $4.91 billion to $4.94 billion. For the next fiscal year, analysts forecast that the company will report sales of $5.15 billion, with estimates ranging from $4.98 billion to $5.27 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for CME Group.
CME Group (NASDAQ:CME) last issued its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $1.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.75 by $0.15. The firm had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.27 billion. CME Group had a net margin of 40.93% and a return on equity of 9.54%. The business’s revenue was up 41.3% on a year-over-year basis. During the same period last year, the company earned $1.45 earnings per share.
In other CME Group news, CEO Terrence A. Duffy sold 39,309 shares of CME Group stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $202.38, for a total value of $7,955,355.42. Following the sale, the chief executive officer now owns 46,684 shares of the company’s stock, valued at $9,447,907.92. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Ronald A. Pankau sold 300 shares of CME Group stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $199.02, for a total transaction of $59,706.00. Following the completion of the sale, the director now directly owns 3,906 shares in the company, valued at approximately $777,372.12. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by insiders.
A number of hedge funds have recently made changes to their positions in the business. Nuveen Asset Management LLC raised its position in shares of CME Group by 18,355.3% in the second quarter. Nuveen Asset Management LLC now owns 3,238,530 shares of the financial services provider’s stock valued at $628,631,000 after purchasing an additional 3,220,982 shares during the period. Parnassus Investments CA bought a new stake in shares of CME Group in the second quarter valued at approximately $544,292,000. Magellan Asset Management Ltd bought a new stake in shares of CME Group in the second quarter valued at approximately $418,297,000. Fiera Capital Corp raised its position in shares of CME Group by 17.0% in the second quarter. Fiera Capital Corp now owns 2,960,477 shares of the financial services provider’s stock valued at $574,658,000 after purchasing an additional 429,235 shares during the period. Finally, Amundi Pioneer Asset Management Inc. raised its position in shares of CME Group by 30.4% in the second quarter. Amundi Pioneer Asset Management Inc. now owns 1,664,500 shares of the financial services provider’s stock valued at $323,097,000 after purchasing an additional 388,008 shares during the period. 84.27% of the stock is currently owned by institutional investors and hedge funds.
Shares of NASDAQ CME traded up $1.45 during mid-day trading on Monday, reaching $204.59. 891,892 shares of the company’s stock traded hands, compared to its average volume of 1,174,438. The stock has a market cap of $73.36 billion, a P/E ratio of 30.00, a PEG ratio of 4.04 and a beta of 0.17. The business has a 50-day simple moving average of $203.13 and a 200 day simple moving average of $205.64. CME Group has a 1-year low of $161.05 and a 1-year high of $224.91. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.04 and a quick ratio of 1.04.
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. This represents a $3.00 annualized dividend and a yield of 1.47%. The ex-dividend date of this dividend is Monday, December 9th. CME Group’s dividend payout ratio (DPR) is presently 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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