Nasdaq (NASDAQ:NDAQ) Announces Quarterly Earnings Results

Nasdaq (NASDAQ:NDAQ) 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

A number of equities analysts have recently issued reports on the company. Barclays increased their price target on Nasdaq from $74.00 to $77.00 and gave the stock an “overweight” rating in a research report on Friday. Rosenblatt Securities downgraded 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. Keefe, Bruyette & Woods increased their price target on Nasdaq from $76.00 to $78.00 and gave the stock an “outperform” rating in a research report on Friday. Edward Jones began coverage on Nasdaq in a research note on Wednesday, April 3rd. They set a “buy” rating for the company. Finally, Argus increased their price target on Nasdaq from $64.00 to $66.00 and gave the company a “buy” rating in a research note on Tuesday, May 14th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $68.25.

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.