Nasdaq, Inc. (NASDAQ:NDAQ) Expected to Post Q1 2021 Earnings of $1.57 Per Share
Nasdaq, Inc. (NASDAQ:NDAQ) – Piper Sandler upped their Q1 2021 earnings per share (EPS) estimates for shares of Nasdaq in a research note issued on Tuesday, January 12th. Piper Sandler analyst R. Repetto now anticipates that the financial services provider will earn $1.57 per share for the quarter, up from their prior estimate of $1.54. Piper Sandler also issued estimates for Nasdaq’s Q2 2021 earnings at $1.53 EPS, Q4 2021 earnings at $1.54 EPS, FY2021 earnings at $6.16 EPS, Q2 2022 earnings at $1.58 EPS, Q3 2022 earnings at $1.62 EPS, Q4 2022 earnings at $1.66 EPS and FY2022 earnings at $6.43 EPS.
Several other brokerages have also weighed in on NDAQ. Barclays lifted their price objective on Nasdaq from $147.00 to $155.00 and gave the stock an “overweight” rating in a report on Tuesday. Deutsche Bank Aktiengesellschaft lifted their price objective on Nasdaq from $159.00 to $163.00 and gave the stock a “buy” rating in a report on Wednesday. Keefe, Bruyette & Woods raised Nasdaq from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $141.00 to $143.50 in a report on Friday, November 20th. Rosenblatt Securities lifted their price objective on Nasdaq from $133.00 to $134.00 and gave the stock a “neutral” rating in a report on Thursday, December 3rd. Finally, ValuEngine lowered Nasdaq from a “hold” rating to a “sell” rating in a report on Thursday, December 10th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the stock. Nasdaq has an average rating of “Hold” and a consensus price target of $134.17.
Nasdaq (NASDAQ:NDAQ) last announced its earnings results on Wednesday, October 21st. The financial services provider reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.45 by $0.08. Nasdaq had a return on equity of 17.15% and a net margin of 17.41%. The firm had revenue of $715.00 million during the quarter, compared to analyst estimates of $691.07 million. During the same period last year, the firm posted $1.27 EPS. The business’s revenue was up 13.1% compared to the same quarter last year.
Several institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. boosted its stake in Nasdaq by 3.4% during the third quarter. BlackRock Inc. now owns 8,009,906 shares of the financial services provider’s stock valued at $982,894,000 after buying an additional 264,862 shares during the last quarter. NN Investment Partners Holdings N.V. lifted its holdings in Nasdaq by 2.4% during the 3rd quarter. NN Investment Partners Holdings N.V. now owns 1,361,442 shares of the financial services provider’s stock worth $167,064,000 after buying an additional 31,390 shares in the last quarter. Pendal Group Limited lifted its stake in shares of Nasdaq by 0.8% in the 3rd quarter. Pendal Group Limited now owns 820,534 shares of the financial services provider’s stock valued at $100,688,000 after purchasing an additional 6,742 shares during the period. Handelsbanken Fonder AB increased its position in shares of Nasdaq by 19.2% in the 3rd quarter. Handelsbanken Fonder AB now owns 607,331 shares of the financial services provider’s stock valued at $74,526,000 after buying an additional 98,000 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its position in shares of Nasdaq by 24.1% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 568,054 shares of the financial services provider’s stock valued at $69,705,000 after buying an additional 110,241 shares in the last quarter. Hedge funds and other institutional investors own 72.59% of the company’s stock.
In other news, EVP Bryan Everard Smith sold 1,000 shares of Nasdaq stock in a transaction dated Tuesday, December 1st. The stock was sold at an average price of $130.00, for a total transaction of $130,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.60% of the company’s stock.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 18th. Stockholders of record on Friday, December 4th were given a dividend of $0.49 per share. The ex-dividend date was Thursday, December 3rd. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.38%. Nasdaq’s dividend payout ratio (DPR) is presently 39.20%.
Nasdaq Company Profile
Nasdaq, Inc operates as a technology company that serves capital markets and other industries worldwide. The company's Market Services segment includes equity derivative trading and clearing, cash equity trading, fixed income and commodities trading and clearing, and trade management service businesses.
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