MarketAxess (MKTX) Projected to Post Quarterly Earnings on Thursday

MarketAxess (NASDAQ:MKTX) is anticipated to release its earnings data before the market opens on Thursday, February 6th. Analysts expect MarketAxess to post earnings of $1.70 per share and revenue of $202.65 million for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

MarketAxess (NASDAQ:MKTX) last posted its earnings results on Wednesday, November 6th. The financial services provider reported $1.90 EPS for the quarter, topping the consensus estimate of $1.85 by $0.05. MarketAxess had a return on equity of 20.93% and a net margin of 34.32%. The business had revenue of $206.70 million during the quarter, compared to analysts’ expectations of $207.17 million. During the same period in the previous year, the business earned $1.46 earnings per share. The firm’s revenue was up 20.0% on a year-over-year basis. On average, analysts expect MarketAxess to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

MarketAxess Stock Down 0.4 %

MarketAxess stock opened at $217.31 on Wednesday. MarketAxess has a 52 week low of $192.42 and a 52 week high of $296.68. The business has a 50-day simple moving average of $230.24 and a 200 day simple moving average of $247.65. The stock has a market cap of $8.19 billion, a price-to-earnings ratio of 29.45, a PEG ratio of 4.48 and a beta of 1.02.

Analyst Ratings Changes

Several research firms recently commented on MKTX. UBS Group boosted their target price on MarketAxess from $330.00 to $335.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft lifted their price target on MarketAxess from $258.00 to $264.00 and gave the stock a “hold” rating in a research note on Monday, November 11th. Keefe, Bruyette & Woods dropped their price target on MarketAxess from $255.00 to $251.00 and set a “market perform” rating for the company in a research note on Monday, January 13th. Piper Sandler dropped their price target on MarketAxess from $265.00 to $240.00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. Finally, Morgan Stanley lifted their price target on MarketAxess from $262.00 to $314.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $267.00.

Insider Activity

In other news, General Counsel Scott Pintoff sold 300 shares of the business’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $240.57, for a total value of $72,171.00. Following the completion of the sale, the general counsel now owns 8,302 shares of the company’s stock, valued at approximately $1,997,212.14. The trade was a 3.49 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Richard M. Mcvey sold 20,000 shares of the business’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $271.75, for a total value of $5,435,000.00. Following the completion of the sale, the chairman now directly owns 592,029 shares of the company’s stock, valued at approximately $160,883,880.75. This trade represents a 3.27 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 30,300 shares of company stock valued at $8,183,871. Insiders own 2.66% of the company’s stock.

About MarketAxess

MarketAxess Holdings Inc, together with its subsidiaries, operates an electronic trading platform for institutional investor and broker-dealer companies worldwide. The company offers trading technology that provides liquidity access in U.S. high-grade bonds, U.S. high-yield bonds, emerging market debt, eurobonds, municipal bonds, U.S.