MarketAxess (MKTX) Expected to Announce Quarterly Earnings on Thursday

MarketAxess (NASDAQ:MKTX - Get Free Report) will likely be releasing its earnings data before the market opens on Thursday, February 6th. Analysts expect MarketAxess to post earnings of $1.70 per share and revenue of $202.65 million for the quarter. Individual that are interested in registering for the company's earnings conference call can do so using this link.

MarketAxess (NASDAQ:MKTX - Get Free Report) last posted its earnings results on Wednesday, November 6th. The financial services provider reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.85 by $0.05. MarketAxess had a net margin of 34.32% and a return on equity of 20.93%. The firm had revenue of $206.70 million during the quarter, compared to the consensus estimate of $207.17 million. During the same period last year, the firm posted $1.46 EPS. The firm's revenue for the quarter was up 20.0% on a year-over-year basis. On average, analysts expect MarketAxess to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

MarketAxess Stock Performance

MKTX stock traded down $1.22 during trading on Thursday, hitting $217.77. The stock had a trading volume of 566,471 shares, compared to its average volume of 416,535. The stock has a market cap of $8.21 billion, a price-to-earnings ratio of 29.51, a price-to-earnings-growth ratio of 4.58 and a beta of 1.03. The company's 50 day moving average price is $233.69 and its two-hundred day moving average price is $247.55. MarketAxess has a 1-year low of $192.42 and a 1-year high of $296.68.

Insider Buying and Selling at MarketAxess

In other news, General Counsel Scott Pintoff sold 300 shares of MarketAxess stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $240.57, for a total transaction of $72,171.00. Following the sale, the general counsel now owns 8,302 shares of the company's stock, valued at approximately $1,997,212.14. The trade was a 3.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman Richard M. Mcvey sold 10,000 shares of the firm's stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $267.67, for a total value of $2,676,700.00. Following the completion of the sale, the chairman now owns 562,029 shares in the company, valued at approximately $150,438,302.43. This represents a 1.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 30,300 shares of company stock worth $8,183,871 over the last 90 days. Insiders own 2.66% of the company's stock.

Wall Street Analysts Forecast Growth

MKTX has been the topic of a number of recent research reports. Bank of America reduced their price target on shares of MarketAxess from $193.00 to $185.00 and set an "underperform" rating on the stock in a research report on Thursday, October 3rd. Morgan Stanley raised their target price on MarketAxess from $262.00 to $314.00 and gave the company an "equal weight" rating in a report on Thursday, October 17th. Citigroup lifted their price objective on shares of MarketAxess from $310.00 to $325.00 and gave the company a "buy" rating in a research note on Friday, October 4th. Keefe, Bruyette & Woods decreased their target price on shares of MarketAxess from $255.00 to $251.00 and set a "market perform" rating for the company in a research note on Monday, January 13th. Finally, UBS Group boosted their price objective on shares of MarketAxess from $330.00 to $335.00 and gave the stock a "buy" rating in a report on Thursday, November 7th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, MarketAxess currently has a consensus rating of "Hold" and an average target price of $261.30.

About MarketAxess

MarketAxess Holdings Inc, together with its subsidiaries, operates an electronic trading platform for institutional investor and broker-dealer companies worldwide. The company offers trading technology that provides liquidity access in U.S. high-grade bonds, U.S. high-yield bonds, emerging market debt, eurobonds, municipal bonds, U.S.