Nasdaq, Inc. to Post Q3 2024 Earnings of $0.66 Per Share, Zacks Research Forecasts (NASDAQ:NDAQ)

Nasdaq, Inc. (NASDAQ:NDAQ) – Zacks Research lifted their Q3 2024 earnings per share estimates for Nasdaq in a report released on Wednesday, August 14th. Zacks Research analyst T. De now expects that the financial services provider will post earnings of $0.66 per share for the quarter, up from their previous estimate of $0.65. The consensus estimate for Nasdaq’s current full-year earnings is $2.73 per share. Zacks Research also issued estimates for Nasdaq’s Q4 2024 earnings at $0.73 EPS, FY2024 earnings at $2.71 EPS, Q1 2025 earnings at $0.71 EPS, Q2 2025 earnings at $0.75 EPS, Q3 2025 earnings at $0.75 EPS, Q4 2025 earnings at $0.84 EPS, FY2025 earnings at $3.05 EPS, Q1 2026 earnings at $0.81 EPS, Q2 2026 earnings at $0.87 EPS and FY2026 earnings at $3.50 EPS.

Nasdaq (NASDAQ:NDAQ) last released its earnings results on Thursday, July 25th. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.05. 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 14.43% and a return on equity of 15.45%. The company’s revenue for the quarter was up 25.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.71 earnings per share.

Other equities research analysts have also issued reports about the company. Deutsche Bank Aktiengesellschaft upped their price target on Nasdaq from $66.00 to $72.00 and gave the company a “hold” rating in a research report on Thursday. Oppenheimer upped their target price on Nasdaq from $72.00 to $75.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Keefe, Bruyette & Woods lifted their price target on Nasdaq from $76.00 to $78.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Barclays raised their price objective on shares of Nasdaq from $74.00 to $77.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. Finally, Argus boosted their target price on shares of Nasdaq from $64.00 to $66.00 and gave the company a “buy” rating in a report on Tuesday, May 14th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, Nasdaq currently has an average rating of “Moderate Buy” and a consensus target price of $68.54.

Nasdaq Stock Up 0.1 %

Shares of NASDAQ NDAQ opened at $69.83 on Friday. The stock has a market cap of $40.17 billion, a PE ratio of 36.75, a P/E/G ratio of 2.72 and a beta of 0.94. The company has a current ratio of 0.94, a quick ratio of 0.99 and a debt-to-equity ratio of 0.85. Nasdaq has a 12-month low of $46.88 and a 12-month high of $70.01. The company has a 50-day moving average of $63.12 and a 200 day moving average of $60.88.

Institutional Trading of Nasdaq

A number of large investors have recently modified their holdings of the stock. Sunbelt Securities Inc. increased its holdings in Nasdaq by 65.3% during the 2nd quarter. Sunbelt Securities Inc. now owns 2,814 shares of the financial services provider’s stock worth $170,000 after purchasing an additional 1,112 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in shares of Nasdaq by 6.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 60,124 shares of the financial services provider’s stock worth $3,624,000 after buying an additional 3,398 shares during the period. Creative Planning raised its holdings in Nasdaq by 0.7% in the second quarter. Creative Planning now owns 51,442 shares of the financial services provider’s stock valued at $3,100,000 after acquiring an additional 351 shares in the last quarter. Maverick Capital Ltd. raised its holdings in Nasdaq by 24.4% in the second quarter. Maverick Capital Ltd. now owns 783,000 shares of the financial services provider’s stock valued at $47,184,000 after acquiring an additional 153,807 shares in the last quarter. Finally, MBB Public Markets I LLC grew its holdings in Nasdaq by 609.1% during the 2nd quarter. MBB Public Markets I LLC now owns 29,237 shares of the financial services provider’s stock worth $1,762,000 after acquiring an additional 25,114 shares in the last quarter. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Insider Transactions at Nasdaq

In related news, major shareholder Seller Lp Argus sold 42,804,207 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $64.58, for a total transaction of $2,764,295,688.06. Following the sale, the insider now directly owns 42,804,207 shares of the company’s stock, valued at approximately $2,764,295,688.06. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.70% of the company’s stock.

Nasdaq Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.96 dividend on an annualized basis and a yield of 1.37%. Nasdaq’s dividend payout ratio (DPR) is presently 50.53%.

Nasdaq Company Profile

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.