Nasdaq (NDAQ) to Release Earnings on Thursday

Nasdaq (NASDAQ:NDAQ) is scheduled to release its earnings data before the market opens on Thursday, April 25th. Analysts expect Nasdaq to post earnings of $0.64 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings results on Wednesday, January 31st. The financial services provider reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.02. Nasdaq had a net margin of 17.48% and a return on equity of 19.28%. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same period in the previous year, the firm posted $0.64 EPS. The firm’s revenue was up 21.4% on a year-over-year basis. On average, analysts expect Nasdaq to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Nasdaq Price Performance

Shares of NDAQ opened at $61.20 on Tuesday. The business has a 50-day simple moving average of $59.52 and a two-hundred day simple moving average of $56.24. Nasdaq has a 12-month low of $46.88 and a 12-month high of $64.25. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.94. The stock has a market cap of $35.20 billion, a PE ratio of 29.00, a PEG ratio of 2.74 and a beta of 0.93.

Nasdaq Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 1.44%. The ex-dividend date was Wednesday, March 13th. Nasdaq’s dividend payout ratio (DPR) is presently 41.71%.

Wall Street Analyst Weigh In

NDAQ has been the topic of several research reports. Rosenblatt Securities reiterated a “buy” rating and set a $82.00 price objective on shares of Nasdaq in a report on Thursday, February 1st. StockNews.com raised shares of Nasdaq from a “sell” rating to a “hold” rating in a research report on Wednesday, March 27th. Piper Sandler lifted their price target on Nasdaq from $70.00 to $71.00 and gave the company an “overweight” rating in a research note on Thursday, February 1st. UBS Group raised their target price on Nasdaq from $56.00 to $60.00 and gave the company a “neutral” rating in a report on Wednesday, January 24th. Finally, Edward Jones initiated coverage on Nasdaq in a research report on Wednesday, April 3rd. They issued a “buy” rating for the company. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $67.09.

Insiders Place Their Bets

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

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.