Cboe Global Markets (BATS:CBOE) Posts Earnings Results, Beats Expectations By $0.05 EPS

Cboe Global Markets (BATS:CBOE) issued its quarterly earnings results on Friday. The company reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.10 by $0.05, Briefing.com reports. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. The business had revenue of $513.80 million during the quarter, compared to analysts’ expectations of $514.51 million. During the same period in the previous year, the company posted $1.78 earnings per share. The firm’s revenue for the quarter was up 10.0% compared to the same quarter last year.

Cboe Global Markets Stock Up 1.2 %

Shares of CBOE traded up $2.24 on Friday, reaching $185.75. The company’s stock had a trading volume of 1,181,036 shares, compared to its average volume of 636,231. The stock has a market capitalization of $19.70 billion, a PE ratio of 95.95 and a beta of 0.61. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.60. Cboe Global Markets has a twelve month low of $103.82 and a twelve month high of $139.00. The firm has a fifty day moving average of $175.26 and a 200-day moving average of $180.73.

Cboe Global Markets Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were paid a dividend of $0.55 per share. The ex-dividend date was Friday, May 31st. This represents a $2.20 dividend on an annualized basis and a yield of 1.18%. Cboe Global Markets’s dividend payout ratio (DPR) is presently 98.97%.

Insiders Place Their Bets

In other news, EVP Catherine R. Clay sold 1,100 shares of the company’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $185.06, for a total value of $203,566.00. Following the completion of the sale, the executive vice president now owns 4,656 shares in the company, valued at approximately $861,639.36. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, EVP Catherine R. Clay sold 1,100 shares of Cboe Global Markets stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $185.06, for a total transaction of $203,566.00. Following the sale, the executive vice president now directly owns 4,656 shares in the company, valued at $861,639.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Dave Howson sold 2,392 shares of the company’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $188.22, for a total value of $450,222.24. Following the completion of the transaction, the executive vice president now owns 12,681 shares of the company’s stock, valued at approximately $2,386,817.82. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,992 shares of company stock valued at $2,170,463. Corporate insiders own 0.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on CBOE shares. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $197.00 price target on shares of Cboe Global Markets in a research report on Thursday, April 4th. Oppenheimer restated an “outperform” rating and set a $206.00 price objective on shares of Cboe Global Markets in a research report on Monday, May 6th. Barclays decreased their target price on Cboe Global Markets from $215.00 to $194.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 10th. Morgan Stanley reissued an “equal weight” rating and issued a $199.00 target price (down previously from $211.00) on shares of Cboe Global Markets in a report on Tuesday, April 9th. Finally, Bank of America lifted 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. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $189.09.

Cboe Global Markets Company Profile

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.