Cboe Global Markets, Inc. Expected to Post Q3 2021 Earnings of $1.37 Per Share (NASDAQ:CBOE)

Cboe Global Markets, Inc. (NASDAQ:CBOE) – Investment analysts at Oppenheimer raised their Q3 2021 EPS estimates for Cboe Global Markets in a research note issued on Tuesday, October 12th. Oppenheimer analyst O. Lau now forecasts that the company will earn $1.37 per share for the quarter, up from their previous forecast of $1.23. Oppenheimer also issued estimates for Cboe Global Markets’ Q4 2021 earnings at $1.29 EPS, FY2021 earnings at $5.57 EPS, Q1 2022 earnings at $1.48 EPS, Q2 2022 earnings at $1.40 EPS, Q3 2022 earnings at $1.50 EPS, Q4 2022 earnings at $1.45 EPS, FY2022 earnings at $5.83 EPS and FY2023 earnings at $6.36 EPS.

Cboe Global Markets (NASDAQ:CBOE) last announced its quarterly earnings results on Thursday, July 29th. The company reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.36 by $0.02. The company had revenue of $350.60 million during the quarter, compared to analysts’ expectations of $346.64 million. Cboe Global Markets had a return on equity of 16.65% and a net margin of 12.73%. Cboe Global Markets’s quarterly revenue was up 18.1% on a year-over-year basis. During the same period last year, the business earned $1.31 earnings per share.

Other analysts have also recently issued reports about the company. UBS Group boosted their price objective on Cboe Global Markets from $111.00 to $124.00 and gave the company a “neutral” rating in a research report on Wednesday, July 7th. Compass Point upgraded Cboe Global Markets from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $125.00 to $140.00 in a research report on Thursday, October 7th. Argus boosted their price target on Cboe Global Markets from $120.00 to $133.00 and gave the stock a “buy” rating in a research report on Wednesday, August 4th. Zacks Investment Research cut Cboe Global Markets from a “buy” rating to a “hold” rating and set a $124.00 price target for the company. in a research report on Tuesday, June 22nd. Finally, Piper Sandler boosted their price target on Cboe Global Markets from $113.00 to $117.00 and gave the stock an “overweight” rating in a research report on Monday, July 12th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $191.57.

Shares of CBOE stock opened at $124.96 on Thursday. The stock has a market cap of $13.33 billion, a P/E ratio of 30.70 and a beta of 0.66. Cboe Global Markets has a twelve month low of $77.63 and a twelve month high of $139.00. The stock has a 50 day moving average of $124.62 and a 200 day moving average of $116.06. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.38.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. boosted its stake in Cboe Global Markets by 1.0% during the second quarter. BlackRock Inc. now owns 8,608,963 shares of the company’s stock worth $1,024,896,000 after buying an additional 82,456 shares during the last quarter. State Street Corp boosted its stake in Cboe Global Markets by 1.5% during the second quarter. State Street Corp now owns 4,830,438 shares of the company’s stock worth $575,064,000 after buying an additional 70,586 shares during the last quarter. Janus Henderson Group PLC boosted its stake in Cboe Global Markets by 8.9% during the first quarter. Janus Henderson Group PLC now owns 3,271,847 shares of the company’s stock worth $322,897,000 after buying an additional 268,527 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of Cboe Global Markets by 5.6% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 2,845,974 shares of the company’s stock valued at $280,870,000 after purchasing an additional 150,739 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Cboe Global Markets by 3.5% in the 2nd quarter. Geode Capital Management LLC now owns 1,964,546 shares of the company’s stock valued at $233,261,000 after purchasing an additional 67,140 shares during the last quarter. 79.76% of the stock is currently owned by institutional investors.

In other Cboe Global Markets news, CEO Edward T. Tilly sold 7,500 shares of the business’s stock in a transaction on Tuesday, August 3rd. The stock was sold at an average price of $119.93, for a total transaction of $899,475.00. Following the transaction, the chief executive officer now owns 162,574 shares of the company’s stock, valued at $19,497,499.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.56% of the company’s stock.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 15th. Shareholders of record on Tuesday, August 31st were paid a dividend of $0.48 per share. The ex-dividend date was Monday, August 30th. This represents a $1.92 dividend on an annualized basis and a yield of 1.54%. This is a positive change from Cboe Global Markets’s previous quarterly dividend of $0.42. Cboe Global Markets’s payout ratio is 36.43%.

Cboe Global Markets Company Profile

Cboe Global Markets, Inc engages in the provision of trading and investment solutions to investors. It operates through the following business segments: Options, North American Equities, Futures, European Equities, and Global FX. The Options segment includes options exchange business, which lists for trading options on market indexes (index options), as well as on non-exclusive multiply-listed options.

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Earnings History and Estimates for Cboe Global Markets (NASDAQ:CBOE)

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