Q2 2024 EPS Estimates for Cboe Global Markets, Inc. Boosted by Analyst (BATS:CBOE)

Cboe Global Markets, Inc. (BATS:CBOE) – Equities research analysts at Zacks Research increased their Q2 2024 earnings per share (EPS) estimates for shares of Cboe Global Markets in a research report issued on Friday, May 24th. Zacks Research analyst T. De now forecasts that the company will post earnings of $1.95 per share for the quarter, up from their previous forecast of $1.88. 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’ Q3 2024 earnings at $2.06 EPS, Q4 2024 earnings at $2.14 EPS, FY2024 earnings at $8.31 EPS, Q3 2025 earnings at $2.30 EPS, Q1 2026 earnings at $2.27 EPS and FY2026 earnings at $9.34 EPS.

Several other equities research analysts have also recently issued reports on CBOE. Rosenblatt Securities lifted their target price on shares of Cboe Global Markets from $200.00 to $205.00 and gave the stock a “buy” rating in a research note on Monday, May 6th. Morgan Stanley reissued an “equal weight” rating and set a $199.00 price objective (down from $211.00) on shares of Cboe Global Markets in a research report on Tuesday, April 9th. Barclays increased their target price on shares of Cboe Global Markets from $211.00 to $215.00 and gave the stock an “overweight” rating in a report on Monday, May 6th. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $197.00 target price on shares of Cboe Global Markets in a research note on Thursday, April 4th. Finally, Bank of America boosted their price objective on shares of Cboe Global Markets from $200.00 to $204.00 and gave the stock a “buy” rating in a research report on Friday, April 19th. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Cboe Global Markets has a consensus rating of “Hold” and an average price target of $191.00.

Cboe Global Markets Stock Up 1.2 %

CBOE opened at $182.58 on Monday. The company has a market cap of $19.36 billion, a PE ratio of 94.11 and a beta of 0.61. Cboe Global Markets has a twelve month low of $103.82 and a twelve month high of $139.00. The company has a 50-day moving average price of $180.85 and a 200 day moving average price of $181.54. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.60.

Cboe Global Markets (BATS:CBOE) last released its quarterly earnings data on Friday, May 3rd. The company reported $2.15 earnings per share for the quarter, beating analysts’ consensus estimates of $2.04 by $0.11. The company had revenue of $502.10 million during the quarter, compared to analysts’ expectations of $504.80 million. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.90 earnings per share.

Hedge Funds Weigh In On Cboe Global Markets

A number of hedge funds have recently made changes to their positions in the business. Cetera Advisors LLC raised its position in shares of Cboe Global Markets by 208.1% in the 1st quarter. Cetera Advisors LLC now owns 4,754 shares of the company’s stock valued at $873,000 after purchasing an additional 3,211 shares in the last quarter. Cetera Investment Advisers increased its stake in Cboe Global Markets by 347.9% during the first quarter. Cetera Investment Advisers now owns 41,087 shares of the company’s stock valued at $7,549,000 after purchasing an additional 31,914 shares during the last quarter. Burney Co. acquired a new stake in Cboe Global Markets during the first quarter worth about $644,000. Swedbank AB acquired a new position in Cboe Global Markets during the 1st quarter valued at approximately $844,000. Finally, Plato Investment Management Ltd acquired a new position in Cboe Global Markets during the 1st quarter valued at about $77,000. Hedge funds and other institutional investors own 81.73% of the company’s stock.

Insider Activity at Cboe Global Markets

In other news, EVP Catherine R. Clay sold 1,100 shares of the stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $185.06, for a total transaction of $203,566.00. Following the transaction, the executive vice president now directly owns 4,656 shares in the company, valued at approximately $861,639.36. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.51% of the company’s stock.

Cboe Global Markets Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be paid a $0.55 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $2.20 annualized dividend and a yield of 1.20%. Cboe Global Markets’s payout ratio is currently 98.97%.

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.