$644.24 Million in Sales Expected for Nasdaq Inc (NDAQ) This Quarter

Brokerages forecast that Nasdaq Inc (NASDAQ:NDAQ) will post $644.24 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Nasdaq’s earnings, with the lowest sales estimate coming in at $638.97 million and the highest estimate coming in at $648.00 million. Nasdaq posted sales of $583.00 million in the same quarter last year, which suggests a positive year over year growth rate of 10.5%. The business is scheduled to issue its next earnings report before the market opens on Wednesday, April 25th.

On average, analysts expect that Nasdaq will report full-year sales of $2.56 billion for the current year, with estimates ranging from $2.53 billion to $2.59 billion. For the next year, analysts forecast that the business will report sales of $2.65 billion per share, with estimates ranging from $2.58 billion to $2.74 billion. Zacks’ sales calculations are an average based on a survey of analysts that cover Nasdaq.

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Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings data on Wednesday, January 31st. The financial services provider reported $1.05 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.00 by $0.05. The business had revenue of $635.00 million during the quarter, compared to analysts’ expectations of $628.36 million. Nasdaq had a return on equity of 12.75% and a net margin of 18.49%. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.95 earnings per share.

A number of brokerages have issued reports on NDAQ. Zacks Investment Research cut Nasdaq from a “buy” rating to a “hold” rating in a research note on Wednesday, April 11th. Raymond James lifted their price objective on Nasdaq from $87.00 to $92.00 and gave the company an “outperform” rating in a research note on Tuesday, April 10th. Sanford C. Bernstein began coverage on Nasdaq in a research note on Monday, April 9th. They set a “market perform” rating and a $90.00 price objective for the company. Deutsche Bank lifted their price objective on Nasdaq from $95.00 to $96.00 and gave the company a “buy” rating in a research note on Friday, April 6th. Finally, BidaskClub upgraded Nasdaq from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, April 3rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Nasdaq has a consensus rating of “Hold” and an average target price of $87.04.

In related news, Director Charlene T. Begley sold 4,017 shares of Nasdaq stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $81.37, for a total value of $326,863.29. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Edward S. Knight sold 13,200 shares of Nasdaq stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $79.41, for a total value of $1,048,212.00. Following the completion of the sale, the insider now directly owns 73,569 shares of the company’s stock, valued at approximately $5,842,114.29. The disclosure for this sale can be found here. In the last three months, insiders sold 23,668 shares of company stock valued at $1,895,994. Corporate insiders own 0.40% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of NDAQ. Delpha Capital Management LLC bought a new stake in shares of Nasdaq in the fourth quarter worth $103,000. Delta Asset Management LLC TN grew its holdings in shares of Nasdaq by 6,087.0% in the fourth quarter. Delta Asset Management LLC TN now owns 1,423 shares of the financial services provider’s stock worth $109,000 after acquiring an additional 1,400 shares during the period. ARK Investment Management LLC bought a new stake in shares of Nasdaq in the fourth quarter worth $122,000. Cerebellum GP LLC bought a new stake in shares of Nasdaq in the fourth quarter worth $125,000. Finally, AlphaOne Investment Services LLC bought a new stake in shares of Nasdaq in the fourth quarter worth $154,000. 76.49% of the stock is owned by institutional investors.

NASDAQ:NDAQ traded up $0.48 during trading hours on Friday, reaching $87.42. 1,032,794 shares of the company traded hands, compared to its average volume of 1,006,364. The stock has a market capitalization of $14,265.83, a price-to-earnings ratio of 21.53, a PEG ratio of 1.88 and a beta of 0.64. Nasdaq has a 1 year low of $65.98 and a 1 year high of $87.66. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.63.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 29th. Shareholders of record on Friday, June 15th will be issued a $0.44 dividend. This is a positive change from Nasdaq’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Thursday, June 14th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.01%. Nasdaq’s dividend payout ratio (DPR) is presently 37.44%.

Nasdaq announced that its board has approved a share buyback program on Monday, January 29th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the financial services provider to buy shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its shares are undervalued.

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Nasdaq Company Profile

Nasdaq, Inc provides trading, clearing, marketplace technology, regulatory, securities listing, information, and public and private company services worldwide. The company's Market Services segment offers equity derivative trading and clearing; cash equity trading; fixed income and commodities trading and clearing; and trade management services.

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Earnings History and Estimates for Nasdaq (NASDAQ:NDAQ)

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