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

Cboe Global Markets (BATS:CBOE) announced its quarterly earnings results on Friday. The company reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.10 by $0.05, Briefing.com reports. The business had revenue of $513.80 million during the quarter, compared to analyst estimates of $514.51 million. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. The firm’s revenue was up 10.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.78 EPS.

Cboe Global Markets Price Performance

Shares of BATS:CBOE opened at $193.79 on Monday. Cboe Global Markets has a 1-year low of $103.82 and a 1-year high of $139.00. The firm has a market capitalization of $20.55 billion, a PE ratio of 99.89 and a beta of 0.61. The business’s 50 day moving average is $175.48 and its 200-day moving average is $180.75. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.60.

Cboe Global Markets Dividend Announcement

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

Insider Transactions at Cboe Global Markets

In other news, EVP Catherine R. Clay sold 1,100 shares of Cboe Global Markets stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $185.06, for a total transaction of $203,566.00. Following the sale, the executive vice president now owns 4,656 shares of the company’s stock, valued at approximately $861,639.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Dave Howson sold 2,392 shares of the business’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $188.22, for a total value of $450,222.24. Following the sale, the executive vice president now owns 12,681 shares of the company’s stock, valued at approximately $2,386,817.82. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Catherine R. Clay sold 1,100 shares of the business’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $185.06, for a total value of $203,566.00. Following the completion of the sale, the executive vice president now directly owns 4,656 shares in the company, valued at approximately $861,639.36. The disclosure for this sale can be found here. In the last quarter, insiders have sold 11,992 shares of company stock valued at $2,170,463. 0.51% of the stock is owned by corporate insiders.

Analyst Ratings Changes

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