Q3 2023 EPS Estimates for Cboe Global Markets, Inc. Boosted by Analyst (BATS:CBOE)

Cboe Global Markets, Inc. (BATS:CBOE – Get Rating) – Investment analysts at Zacks Research lifted their Q3 2023 earnings estimates for shares of Cboe Global Markets in a note issued to investors on Monday, May 22nd. Zacks Research analyst T. De now forecasts that the company will earn $1.72 per share for the quarter, up from their prior forecast of $1.71. The consensus estimate for Cboe Global Markets’ current full-year earnings is $6.41 per share. Zacks Research also issued estimates for Cboe Global Markets’ Q4 2023 earnings at $1.68 EPS, Q3 2024 earnings at $2.01 EPS and FY2025 earnings at $7.17 EPS.

CBOE has been the topic of a number of other research reports. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Cboe Global Markets from $147.00 to $148.00 in a research report on Monday, May 8th. Oppenheimer raised their target price on shares of Cboe Global Markets from $147.00 to $156.00 and gave the company an “outperform” rating in a research note on Wednesday, April 12th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $175.00 price objective on shares of Cboe Global Markets in a research note on Thursday, April 6th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $142.67.

Cboe Global Markets Stock Performance

Shares of BATS:CBOE opened at $135.53 on Wednesday. The company has a market cap of $14.37 billion, a price-to-earnings ratio of 69.86 and a beta of 0.61. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.60. Cboe Global Markets has a 12 month low of $103.82 and a 12 month high of $139.00. The company has a 50-day moving average price of $135.28 and a 200-day moving average price of $128.39.

Cboe Global Markets (BATS:CBOE – Get Rating) last posted its earnings results on Friday, May 5th. The company reported $1.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.87 by $0.03. The business had revenue of $471.40 million for the quarter, compared to analysts’ expectations of $482.03 million. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The business’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.73 EPS.

Cboe Global Markets Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Wednesday, May 31st will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, May 30th. This represents a $2.00 annualized dividend and a dividend yield of 1.48%. Cboe Global Markets’s dividend payout ratio is presently 98.97%.

Institutional Trading of Cboe Global Markets

Several hedge funds have recently made changes to their positions in CBOE. Norges Bank acquired a new stake in shares of Cboe Global Markets during the fourth quarter worth about $159,764,000. UBS Asset Management Americas Inc. acquired a new stake in Cboe Global Markets in the third quarter valued at approximately $92,394,000. Price T Rowe Associates Inc. MD raised its holdings in Cboe Global Markets by 156.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,015,184 shares of the company’s stock valued at $136,280,000 after acquiring an additional 618,644 shares in the last quarter. Morgan Stanley raised its holdings in Cboe Global Markets by 86.7% in the fourth quarter. Morgan Stanley now owns 1,310,493 shares of the company’s stock valued at $164,428,000 after acquiring an additional 608,728 shares in the last quarter. Finally, Alliancebernstein L.P. raised its holdings in Cboe Global Markets by 194.6% in the fourth quarter. Alliancebernstein L.P. now owns 833,975 shares of the company’s stock valued at $104,639,000 after acquiring an additional 550,867 shares in the last quarter. Institutional investors and hedge funds own 81.73% of the company’s stock.

About Cboe Global Markets

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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, Europe and Asia Pacific, Global FX, and Digital. The Options segment includes the options exchange business, which lists trading options on market indexes (index options), as well as on non-exclusive multiply listed options.