$1.79 EPS expected for MarketAxess Holdings Inc. (NASDAQ:MKTX) this quarter
Stock analysts expect MarketAxess Holdings Inc. (NASDAQ:MKTX – Get Rating) to report earnings of $1.79 per share for the current quarter, Zacks reports. Five analysts made MarketAxess earnings estimates. The highest EPS estimate is $1.91 and the lowest is $1.68. MarketAxess reported earnings per share of $1.77 in the same quarter last year, suggesting a positive year-over-year growth rate of 1.1%. The company is due to release its next results on Monday, January 1.
On average, analysts expect MarketAxess to report annual earnings of $7.04 per share for the current fiscal year, with EPS estimates ranging from $6.60 to $7.64. For next year, analysts expect the company to report earnings of $8.00 per share, with EPS estimates ranging from $7.27 to $8.26. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that cover MarketAxess.
MarketAxess (NASDAQ:MKTX – Get Rating) last announced its results on Wednesday, April 20. The financial services provider reported earnings per share of $1.73 for the quarter, beating analyst consensus estimates of $1.70 by $0.03. MarketAxess had a return on equity of 23.46% and a net margin of 35.13%. The company posted revenue of $186.10 million for the quarter, versus a consensus estimate of $186.34 million. In the same quarter of the previous year, the company achieved EPS of $2.11. The company’s revenue decreased by 4.8% compared to the same quarter last year.
Several equity analysts have recently commented on MKTX shares. Compass Point upgraded MarketAxess from a “sell” rating to a “neutral” rating and set a $275.00 price target on the stock in a Thursday, April 21 research note. Credit Suisse Group lowered its price target on MarketAxess from $332.00 to $316.00 and set a “neutral” rating on the stock in a Monday, April 25 research note. Zacks Investment Research downgraded MarketAxess from a “hold” rating to a “sell” rating and set a price target of $345.00 for the stock. in a Friday, January 28, research note. StockNews.com began covering MarketAxess in a research note on Thursday, March 31. They issued a “hold” rating on the stock. Finally, Rosenblatt Securities raised its price target on MarketAxess from $383.00 to $395.00 and gave the company a “buy” rating in a Thursday, April 21 research note. One analyst has assigned the stock a sell rating, eight have assigned a hold rating and one has assigned the company’s stock a buy rating. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $365.33.
In other MarketAxess news, Director Richard Leon Prager acquired 1,000 shares in a trade that took place on Friday, April 22. The shares were purchased at an average price of $271.25 per share, for a total transaction of $271,250.00. Following completion of the transaction, the director now owns 2,149 shares of the company, valued at approximately $582,916.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available via this link. Insiders of the company own 2.19% of the shares of the company.
Hedge funds have recently changed their stock holdings. Vanguard Group Inc. increased its position in MarketAxess by 0.6% during the first quarter. Vanguard Group Inc. now owns 4,184,298 shares of the financial services provider valued at $1,423,499,000 after buying an additional 25,208 shares last quarter. BlackRock Inc. increased its position in MarketAxess by 1.6% during the fourth quarter. BlackRock Inc. now owns 3,563,993 shares of the financial services provider valued at $1,465,763,000 after purchasing an additional 54,516 shares last quarter. State Street Corp increased its position in MarketAxess by 0.7% during the first quarter. State Street Corp now owns 1,868,716 shares of the financial services provider valued at $635,737,000 after buying an additional 13,367 shares last quarter. Baillie Gifford & Co. increased its position in MarketAxess by 0.3% during the fourth quarter. Baillie Gifford & Co. now owns 1,758,918 shares of the financial services provider valued at $723,390,000 after buying an additional 4,404 shares last quarter. Finally, Ownership Capital BV increased its position in MarketAxess by 7.0% during the fourth quarter. Ownership Capital BV now owns 1,324,169 shares of the financial services provider valued at $544,591,000 after buying an additional 86,977 shares last quarter. Institutional investors hold 96.50% of the company’s shares.
Shares of NASDAQ MKTX traded at $5.77 in Friday’s midday session, hitting $287.89. The company’s shares had a trading volume of 203,529 shares, compared to an average volume of 358,033. MarketAxess has a 12-month low of $249.01 and a 12-month high of $498.97. The company has a 50-day moving average price of $287.61 and a 200-day moving average price of $343.33. The stock has a market capitalization of $10.78 billion, a P/E ratio of 45.19 and a beta of 0.56.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 18. Investors of record on Wednesday, May 4 received a dividend of $0.70. The ex-dividend date was Tuesday, May 3. This represents a dividend of $2.80 on an annualized basis and a dividend yield of 0.97%. MarketAxess’ dividend payout ratio (DPR) is currently 43.96%.
About Market Axess (Get an evaluation)
MarketAxess Holdings Inc, together with its subsidiaries, operates an electronic trading platform for institutional investors and brokerage firms worldwide. It provides access to liquidity in investment-grade US bonds, US high-yield bonds and US Treasuries, as well as municipal bonds, emerging market debt, Eurobonds and other fixed-income securities. fixed income.
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