Nasdaq (NASDAQ:NDAQ – Get Free Report) announced its quarterly earnings data on Thursday. The financial services provider reported $0.69 EPS for the quarter, beating the consensus estimate of $0.64 by $0.05, Briefing.com reports. The company had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.13 billion. Nasdaq had a return on equity of 17.00% and a net margin of 15.98%. Nasdaq’s quarterly revenue was up 25.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.71 EPS.
Nasdaq Price Performance
NDAQ traded down $0.30 during trading on Friday, hitting $66.96. The company’s stock had a trading volume of 3,627,558 shares, compared to its average volume of 2,822,939. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.90. Nasdaq has a twelve month low of $46.88 and a twelve month high of $67.77. The business’s fifty day simple moving average is $60.90 and its 200 day simple moving average is $59.77. The firm has a market capitalization of $38.52 billion, a price-to-earnings ratio of 35.24, a P/E/G ratio of 2.89 and a beta of 0.94.
Nasdaq Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.43%. The ex-dividend date of this dividend is Friday, September 13th. Nasdaq’s payout ratio is currently 50.53%.
Analysts Set New Price Targets
Read Our Latest Stock Report on Nasdaq
Insider Buying and Selling at Nasdaq
In other news, EVP Bryan Everard Smith sold 3,036 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $59.89, for a total value of $181,826.04. Following the transaction, the executive vice president now owns 58,636 shares in the company, valued at $3,511,710.04. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.70% of the stock is owned by corporate insiders.
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.
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