Cboe Global Markets (BATS:CBOE) Posts Quarterly Earnings Results, Beats Estimates By $0.05 EPS

Cboe Global Markets (BATS:CBOE) issued its earnings results on Friday. The company reported $2.15 EPS for the quarter, topping the consensus estimate of $2.10 by $0.05, Briefing.com reports. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. The company had revenue of $513.80 million during the quarter, compared to the consensus estimate of $514.51 million. During the same period in the previous year, the company posted $1.78 EPS. The firm’s revenue for the quarter was up 10.0% compared to the same quarter last year.

Cboe Global Markets Price Performance

Shares of BATS CBOE opened at $193.79 on Monday. The stock has a market capitalization of $20.55 billion, a PE ratio of 99.89 and a beta of 0.61. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.21 and a quick ratio of 1.21. The business has a fifty day moving average price of $175.48 and a two-hundred day moving average price of $180.75. Cboe Global Markets has a fifty-two week low of $103.82 and a fifty-two week high of $139.00.

Cboe Global Markets Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were issued a $0.55 dividend. The ex-dividend date was Friday, May 31st. This represents a $2.20 annualized dividend and a yield of 1.14%. Cboe Global Markets’s dividend payout ratio is presently 98.97%.

Insider Buying and Selling at Cboe Global Markets

In other Cboe Global Markets news, COO Christopher A. Isaacson sold 6,000 shares of Cboe Global Markets stock in a transaction on Friday, June 21st. The stock was sold at an average price of $175.00, for a total value of $1,050,000.00. Following the completion of the transaction, the chief operating officer now directly owns 51,855 shares of the company’s stock, valued at approximately $9,074,625. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP Dave Howson sold 2,500 shares of the business’s stock in a transaction on Monday, July 22nd. The stock was sold at an average price of $186.67, for a total transaction of $466,675.00. Following the completion of the transaction, the executive vice president now owns 15,073 shares of the company’s stock, valued at approximately $2,813,676.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, COO Christopher A. Isaacson sold 6,000 shares of the business’s stock in a transaction on Friday, June 21st. The stock was sold at an average price of $175.00, for a total value of $1,050,000.00. Following the transaction, the chief operating officer now directly owns 51,855 shares of the company’s stock, valued at approximately $9,074,625. The disclosure for this sale can be found here. Insiders sold 11,992 shares of company stock valued at $2,170,463 in the last three months. Corporate insiders own 0.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Rosenblatt Securities lifted their target price on Cboe Global Markets from $200.00 to $205.00 and gave the stock a “buy” rating in a research note on Monday, May 6th. Barclays reduced their target price on Cboe Global Markets from $215.00 to $194.00 and set an “overweight” rating for the company in a research note on Wednesday, July 10th. Bank of America lifted their target price on Cboe Global Markets from $200.00 to $204.00 and gave the stock a “buy” rating in a research note on Friday, April 19th. Morgan Stanley restated an “equal weight” rating and issued a $199.00 price target (down from $211.00) on shares of Cboe Global Markets in a research note on Tuesday, April 9th. Finally, Oppenheimer restated an “outperform” rating and issued a $206.00 price target on shares of Cboe Global Markets in a research note on Monday, May 6th. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $189.09.

Cboe Global Markets Company Profile

Cboe Global Markets, Inc, through its subsidiaries, operates as an options exchange worldwide. It operates through six segments: Options, North American Equities, Europe and Asia Pacific, Futures, Global FX, and Digital. The Options segment trades in listed market indices. The North American Equities segment trades in listed U.S.