Nasdaq, Inc. to Post Q3 2024 Earnings of $0.69 Per Share, Zacks Research Forecasts (NASDAQ:NDAQ)

Nasdaq, Inc. (NASDAQ:NDAQ) – Equities research analysts at Zacks Research boosted their Q3 2024 earnings estimates for Nasdaq in a note issued to investors on Wednesday, April 17th. Zacks Research analyst T. De now anticipates that the financial services provider will post earnings of $0.69 per share for the quarter, up from their prior forecast of $0.68. The consensus estimate for Nasdaq’s current full-year earnings is $2.76 per share. Zacks Research also issued estimates for Nasdaq’s FY2024 earnings at $2.71 EPS and Q2 2025 earnings at $0.76 EPS.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings data on Wednesday, January 31st. The financial services provider reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.02. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.08 billion. Nasdaq had a net margin of 17.48% and a return on equity of 19.28%. The company’s revenue was up 21.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.64 EPS.

Other equities analysts have also recently issued reports about the stock. UBS Group lifted their target price on shares of Nasdaq from $56.00 to $60.00 and gave the company a “neutral” rating in a report on Wednesday, January 24th. Edward Jones started coverage on shares of Nasdaq in a report on Wednesday, April 3rd. They issued a “buy” rating on the stock. The Goldman Sachs Group raised shares of Nasdaq from a “neutral” rating to a “buy” rating and set a $73.00 target price on the stock in a report on Tuesday, March 26th. Barclays started coverage on shares of Nasdaq in a report on Thursday, April 11th. They issued an “overweight” rating and a $76.00 target price on the stock. Finally, StockNews.com raised shares of Nasdaq from a “sell” rating to a “hold” rating in a report on Wednesday, March 27th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Nasdaq presently has a consensus rating of “Moderate Buy” and an average price target of $67.09.

Nasdaq Stock Up 0.5 %

Shares of NASDAQ:NDAQ opened at $60.35 on Friday. The company has a market capitalization of $34.71 billion, a PE ratio of 28.60, a P/E/G ratio of 2.73 and a beta of 0.93. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.94. Nasdaq has a twelve month low of $46.88 and a twelve month high of $64.25. The firm has a 50 day simple moving average of $59.43 and a 200-day simple moving average of $56.10.

Nasdaq Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were paid a dividend of $0.22 per share. The ex-dividend date was Wednesday, March 13th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.46%. Nasdaq’s dividend payout ratio (DPR) is presently 41.71%.

Insider Transactions at Nasdaq

In other news, EVP Bryan Everard Smith sold 7,400 shares of the company’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $62.91, for a total transaction of $465,534.00. Following the transaction, the executive vice president now directly owns 61,672 shares of the company’s stock, valued at approximately $3,879,785.52. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, major shareholder Dubai Ltd Borse sold 31,000,000 shares of the business’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $58.00, for a total value of $1,798,000,000.00. Following the sale, the insider now directly owns 58,341,545 shares in the company, valued at approximately $3,383,809,610. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Bryan Everard Smith sold 7,400 shares of the business’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $62.91, for a total transaction of $465,534.00. Following the completion of the sale, the executive vice president now owns 61,672 shares in the company, valued at $3,879,785.52. The disclosure for this sale can be found here. Corporate insiders own 0.75% of the company’s stock.

Institutional Investors Weigh In On Nasdaq

Institutional investors and hedge funds have recently made changes to their positions in the business. Salem Investment Counselors Inc. boosted its position in shares of Nasdaq by 89.3% in the 1st quarter. Salem Investment Counselors Inc. now owns 426 shares of the financial services provider’s stock worth $27,000 after buying an additional 201 shares in the last quarter. Hobbs Group Advisors LLC purchased a new stake in shares of Nasdaq in the 4th quarter worth about $25,000. Turtle Creek Wealth Advisors LLC purchased a new position in Nasdaq in the 4th quarter valued at about $29,000. Mango Five Family Inc. acquired a new stake in shares of Nasdaq during the 4th quarter worth about $31,000. Finally, Loomis Sayles & Co. L P acquired a new stake in shares of Nasdaq during the 3rd quarter worth about $26,000. 72.47% of the stock is currently owned by hedge funds and other institutional investors.

About Nasdaq

Nasdaq, Inc operates as a technology company that serves capital markets and other industries worldwide. It operates in three segments: Capital Access Platforms, Financial Technology, and Market Services. The Capital Access Platforms segment sells and distributes historical and real-time market data; and develops and licenses Nasdaq-branded indices and financial products.