What is William Blair’s Estimate for Nasdaq FY2024 Earnings?

Nasdaq, Inc. (NASDAQ:NDAQ) – Equities research analysts at William Blair boosted their FY2024 EPS estimates for shares of Nasdaq in a research note issued to investors on Monday, January 13th. William Blair analyst J. Schmitt now forecasts that the financial services provider will earn $2.80 per share for the year, up from their prior estimate of $2.78. William Blair currently has a “Outperform” rating on the stock. The consensus estimate for Nasdaq’s current full-year earnings is $2.79 per share. William Blair also issued estimates for Nasdaq’s Q4 2024 earnings at $0.74 EPS.

A number of other analysts have also recently weighed in on the stock. Bank of America dropped their target price on shares of Nasdaq from $90.00 to $88.00 and set a “buy” rating on the stock in a report on Thursday, October 3rd. Raymond James increased their price objective on shares of Nasdaq from $83.00 to $84.00 and gave the stock an “outperform” rating in a research note on Thursday, January 9th. The Goldman Sachs Group lifted their target price on Nasdaq from $77.00 to $83.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. StockNews.com upgraded Nasdaq from a “sell” rating to a “hold” rating in a research report on Saturday, December 14th. Finally, Argus boosted their price objective on Nasdaq from $76.00 to $82.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Five equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Nasdaq currently has an average rating of “Moderate Buy” and an average price target of $85.73.

Nasdaq Stock Performance

NDAQ stock opened at $76.25 on Wednesday. The firm has a market cap of $43.83 billion, a P/E ratio of 45.66, a P/E/G ratio of 3.12 and a beta of 0.98. The stock’s 50 day simple moving average is $79.29 and its 200 day simple moving average is $73.00. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.84. Nasdaq has a 12-month low of $54.90 and a 12-month high of $83.77.

Nasdaq (NASDAQ:NDAQ) last released its earnings results on Thursday, October 24th. The financial services provider reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.05. The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.17 billion. Nasdaq had a return on equity of 14.56% and a net margin of 13.67%. Nasdaq’s quarterly revenue was up 21.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.71 EPS.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Catalyst Capital Advisors LLC bought a new position in shares of Nasdaq during the 3rd quarter valued at about $27,000. Founders Capital Management acquired a new stake in Nasdaq during the fourth quarter valued at approximately $27,000. Claro Advisors LLC bought a new stake in Nasdaq during the third quarter worth approximately $33,000. Focused Wealth Management Inc bought a new stake in Nasdaq during the third quarter worth approximately $35,000. Finally, Peterson Financial Group Inc. acquired a new position in Nasdaq in the third quarter worth approximately $42,000. 72.47% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Bradley J. Peterson sold 13,642 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $75.32, for a total transaction of $1,027,515.44. Following the sale, the executive vice president now owns 142,830 shares of the company’s stock, valued at $10,757,955.60. The trade was a 8.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jeremy Skule sold 12,000 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $77.92, for a total value of $935,040.00. Following the transaction, the executive vice president now directly owns 114,580 shares of the company’s stock, valued at approximately $8,928,073.60. The trade was a 9.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 49,459 shares of company stock valued at $3,811,808 over the last 90 days. 0.70% of the stock is currently owned by company insiders.

Nasdaq Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend was Friday, December 6th. Nasdaq’s dividend payout ratio is currently 57.49%.

Nasdaq Company Profile

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.