Nasdaq (NASDAQ:NDAQ) Posts Earnings Results, Beats Estimates By $0.05 EPS

Nasdaq (NASDAQ:NDAQ) announced its quarterly earnings data on Thursday. The financial services provider reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.05, Briefing.com reports. The business had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.13 billion. Nasdaq had a net margin of 15.98% and a return on equity of 17.00%. The firm’s revenue for the quarter was up 25.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.71 earnings per share.

Nasdaq Price Performance

Shares of NASDAQ NDAQ traded down $0.30 during mid-day trading on Friday, hitting $66.96. 3,627,558 shares of the stock were exchanged, compared to its average volume of 2,822,939. The company has a market cap of $38.52 billion, a P/E ratio of 34.94, a PEG ratio of 2.89 and a beta of 0.94. The stock’s fifty day simple moving average is $60.82 and its two-hundred day simple moving average is $59.69. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.99 and a current ratio of 0.99. Nasdaq has a twelve month low of $46.88 and a twelve month high of $67.77.

Nasdaq Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.43%. The ex-dividend date is Friday, September 13th. Nasdaq’s payout ratio is 50.53%.

Analyst Upgrades and Downgrades

NDAQ has been the subject of a number of research analyst reports. Edward Jones assumed coverage on shares of Nasdaq in a research report on Wednesday, April 3rd. They set a “buy” rating for the company. Oppenheimer increased their price target on shares of Nasdaq from $72.00 to $75.00 and gave the stock an “outperform” rating in a research report on Friday. Keefe, Bruyette & Woods increased their price target on shares of Nasdaq from $76.00 to $78.00 and gave the stock an “outperform” rating in a research report on Friday. Rosenblatt Securities lowered shares of Nasdaq from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $76.00 to $64.00 in a research report on Wednesday, May 8th. Finally, Barclays increased their price target on shares of Nasdaq from $74.00 to $77.00 and gave the stock an “overweight” rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $68.25.

Insider Transactions at Nasdaq

In other news, EVP Bryan Everard Smith sold 3,036 shares of the stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $59.89, for a total transaction of $181,826.04. Following the sale, the executive vice president now directly owns 58,636 shares of the company’s stock, valued at $3,511,710.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company 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.