Cboe Global Markets (BATS:CBOE) Releases Earnings Results, Beats Estimates By $0.11 EPS

Cboe Global Markets (BATS:CBOE) announced its quarterly earnings data on Friday. The company reported $2.15 earnings per share for the quarter, beating the consensus estimate of $2.04 by $0.11, RTT News reports. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. The company had revenue of $502.10 million during the quarter, compared to analysts’ expectations of $504.80 million. During the same quarter last year, the company earned $1.90 EPS. Cboe Global Markets’s revenue for the quarter was up 6.5% compared to the same quarter last year.

Cboe Global Markets Trading Up 3.2 %

BATS CBOE opened at $179.67 on Friday. Cboe Global Markets has a 52 week low of $103.82 and a 52 week high of $139.00. The business has a 50 day moving average price of $182.47 and a 200-day moving average price of $179.52. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.60. The company has a market cap of $19.06 billion, a price-to-earnings ratio of 92.61 and a beta of 0.61.

Cboe Global Markets Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 1.22%. The ex-dividend date was Wednesday, February 28th. Cboe Global Markets’s dividend payout ratio is presently 98.97%.

Insiders Place Their Bets

In related news, EVP Dave Howson sold 5,322 shares of the company’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $186.96, for a total transaction of $995,001.12. Following the completion of the sale, the executive vice president now owns 17,573 shares in the company, valued at $3,285,448.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.51% of the company’s stock.

Analysts Set New Price Targets

CBOE has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $197.00 price objective on shares of Cboe Global Markets in a research report on Thursday, April 4th. Citigroup lifted their price objective on shares of Cboe Global Markets from $170.00 to $188.00 and gave the stock a “neutral” rating in a research report on Friday, January 12th. Morgan Stanley reissued an “equal weight” rating and issued a $199.00 price objective (down from $211.00) on shares of Cboe Global Markets in a research report on Tuesday, April 9th. Barclays lifted their target price on shares of Cboe Global Markets from $200.00 to $211.00 and gave the stock an “overweight” rating in a report on Monday, April 8th. Finally, Bank of America increased their price target on shares of Cboe Global Markets from $200.00 to $204.00 and gave the company a “buy” rating in a report on Friday, April 19th. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $190.18.

About Cboe Global Markets

Cboe Global Markets, Inc, through its subsidiaries, operates as an options exchange worldwide. It operates through six segments: Options, North American Equities, Europe and Asia Pacific, Futures, Global FX, and Digital. The Options segment trades in listed market indices. The North American Equities segment trades in listed U.S.