Nasdaq (NDAQ) Scheduled to Post Earnings on Thursday

Nasdaq (NASDAQ:NDAQ) is scheduled to be releasing its earnings data before the market opens on Thursday, April 25th. Analysts expect Nasdaq to post earnings of $0.64 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings results on Wednesday, January 31st. The financial services provider reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.02. Nasdaq had a return on equity of 19.28% and a net margin of 17.48%. The firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.08 billion. During the same period in the prior year, the firm earned $0.64 EPS. The company’s revenue was up 21.4% 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

Shares of Nasdaq stock opened at $61.09 on Wednesday. The stock’s fifty day moving average is $59.63 and its 200 day moving average is $56.32. Nasdaq has a one year low of $46.88 and a one year high of $64.25. The stock has a market cap of $35.14 billion, a P/E ratio of 28.95, a P/E/G ratio of 2.74 and a beta of 0.93. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.01 and a current ratio of 1.01.

Nasdaq Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were paid a dividend of $0.22 per share. The ex-dividend date was Wednesday, March 13th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.44%. Nasdaq’s dividend payout ratio is 41.71%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. UBS Group upped their target price on Nasdaq from $56.00 to $60.00 and gave the stock a “neutral” rating in a report on Wednesday, January 24th. Oppenheimer upped their target price on Nasdaq from $65.00 to $68.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. Edward Jones initiated coverage on Nasdaq in a research report on Wednesday, April 3rd. They set a “buy” rating on the stock. Piper Sandler increased their price target on Nasdaq from $70.00 to $71.00 and gave the stock an “overweight” rating in a research report on Thursday, February 1st. Finally, Barclays began coverage on shares of Nasdaq in a research note on Thursday, April 11th. They set an “overweight” rating and a $76.00 target price on the stock. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $67.09.

Insider Activity at Nasdaq

In related news, major shareholder Dubai Ltd Borse sold 31,000,000 shares of the firm’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $58.00, for a total transaction of $1,798,000,000.00. Following the completion of the sale, the insider now directly owns 58,341,545 shares of the company’s stock, valued at approximately $3,383,809,610. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, EVP Bryan Everard Smith sold 7,400 shares of the firm’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $62.91, for a total value of $465,534.00. Following the transaction, the executive vice president now directly owns 61,672 shares in the company, valued at approximately $3,879,785.52. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Dubai Ltd Borse sold 31,000,000 shares of the firm’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $58.00, for a total transaction of $1,798,000,000.00. Following the completion of the transaction, the insider now owns 58,341,545 shares in the company, valued at $3,383,809,610. The disclosure for this sale can be found here. Company insiders own 0.75% 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.