Nasdaq (NDAQ) Scheduled to Post Quarterly Earnings on Thursday

Nasdaq (NASDAQ:NDAQ - Get Free Report) will be issuing its quarterly earnings data before the market opens on Thursday, October 24th. Analysts expect the company to announce earnings of $0.68 per share for the quarter. Investors that are interested in registering for the company's conference call can do so using this link.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last announced its quarterly earnings results on Thursday, July 25th. The financial services provider reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.05. Nasdaq had a net margin of 14.43% and a return on equity of 15.45%. The business had revenue of $1.16 billion during the quarter, compared to analysts' expectations of $1.13 billion. During the same quarter in the prior year, the company posted $0.71 EPS. The firm's revenue for the quarter was up 25.3% compared to the same quarter last year. 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

NDAQ stock opened at $73.76 on Thursday. The stock has a market capitalization of $42.43 billion, a price-to-earnings ratio of 38.82, a PEG ratio of 2.99 and a beta of 0.95. The firm's 50-day moving average price is $71.76 and its two-hundred day moving average price is $65.09. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.85. Nasdaq has a 12-month low of $47.56 and a 12-month high of $74.88.

Nasdaq Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.96 dividend on an annualized basis and a yield of 1.30%. Nasdaq's dividend payout ratio is presently 50.53%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on NDAQ shares. Deutsche Bank Aktiengesellschaft increased their price objective on Nasdaq from $66.00 to $72.00 and gave the stock a "hold" rating in a report on Thursday, August 15th. TD Cowen assumed coverage on shares of Nasdaq in a research report on Thursday, September 26th. They set a "hold" rating and a $83.00 price objective on the stock. The Goldman Sachs Group upped their price objective on shares of Nasdaq from $77.00 to $83.00 and gave the stock a "buy" rating in a report on Thursday, October 3rd. Royal Bank of Canada reaffirmed an "outperform" rating and set a $88.00 target price on shares of Nasdaq in a research note on Tuesday, October 8th. Finally, Oppenheimer raised their price objective on shares of Nasdaq from $80.00 to $84.00 and gave the stock an "outperform" rating in a report on Monday. One research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $77.31.

Insiders Place Their Bets

In other news, major shareholder Seller Lp Argus sold 42,804,207 shares of the stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $64.58, for a total transaction of $2,764,295,688.06. Following the sale, the insider now owns 42,804,207 shares in the company, valued at $2,764,295,688.06. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.70% 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.