Q1 2023 EPS Estimates for Cboe Global Markets, Inc. Lifted by Jefferies Financial Group (BATS:CBOE)

Posted by Defense World Staff on Apr 13th, 2023

Cboe Global Markets, Inc. (BATS:CBOE – Get Rating) – Jefferies Financial Group increased their Q1 2023 earnings per share (EPS) estimates for Cboe Global Markets in a report released on Tuesday, April 11th. Jefferies Financial Group analyst D. Fannon now anticipates that the company will post earnings of $1.89 per share for the quarter, up from their previous forecast of $1.79. The consensus estimate for Cboe Global Markets’ current full-year earnings is $6.41 per share. Jefferies Financial Group also issued estimates for Cboe Global Markets’ Q2 2023 earnings at $1.75 EPS, Q3 2023 earnings at $1.77 EPS, Q4 2023 earnings at $1.83 EPS, FY2023 earnings at $7.25 EPS, Q1 2024 earnings at $2.01 EPS, Q2 2024 earnings at $1.93 EPS, Q3 2024 earnings at $1.88 EPS, Q4 2024 earnings at $1.94 EPS and FY2024 earnings at $7.75 EPS.

Several other brokerages have also recently weighed in on CBOE. JPMorgan Chase & Co. reduced their price target on Cboe Global Markets from $131.00 to $125.00 and set an “underweight” rating for the company in a research report on Monday, January 9th. Deutsche Bank Aktiengesellschaft lowered their target price on Cboe Global Markets from $144.00 to $142.00 in a report on Wednesday, January 11th. Rosenblatt Securities reissued a “buy” rating and issued a $175.00 price objective on shares of Cboe Global Markets in a report on Thursday, April 6th. Keefe, Bruyette & Woods raised their target price on Cboe Global Markets from $137.00 to $140.00 and gave the stock a “market perform” rating in a research note on Thursday, January 12th. Finally, Credit Suisse Group upgraded shares of Cboe Global Markets from a “neutral” rating to an “outperform” rating and dropped their price target for the company from $159.00 to $144.00 in a research report on Thursday, January 5th. One analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $140.25.

Cboe Global Markets Price Performance

Shares of CBOE opened at $134.52 on Wednesday. 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 company’s fifty day moving average price is $128.08 and its 200-day moving average price is $124.85. The firm has a market capitalization of $14.27 billion, a PE ratio of 69.34 and a beta of 0.61. Cboe Global Markets has a 1-year low of $103.82 and a 1-year high of $139.00.

Cboe Global Markets (BATS:CBOE – Get Rating) last posted its quarterly earnings data on Friday, February 3rd. The company reported $1.80 EPS for the quarter, topping the consensus estimate of $1.76 by $0.04. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The firm had revenue of $457.10 million during the quarter, compared to analyst estimates of $458.64 million. During the same quarter in the previous year, the business posted $1.70 EPS. Cboe Global Markets’s revenue was up 17.1% on a year-over-year basis.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Norges Bank purchased a new stake in Cboe Global Markets during the fourth quarter worth about $159,764,000. UBS Asset Management Americas Inc. acquired a new stake in Cboe Global Markets in the 3rd quarter worth about $92,394,000. Morgan Stanley grew its holdings in Cboe Global Markets by 86.7% in the fourth quarter. Morgan Stanley now owns 1,310,493 shares of the company’s stock valued at $164,428,000 after purchasing an additional 608,728 shares during the period. Alliancebernstein L.P. grew its stake in shares of Cboe Global Markets by 194.6% during the 4th quarter. Alliancebernstein L.P. now owns 833,975 shares of the company’s stock valued at $104,639,000 after buying an additional 550,867 shares during the period. Finally, Vaughan Nelson Investment Management L.P. increased its stake in Cboe Global Markets by 135.0% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 768,099 shares of the company’s stock worth $90,152,000 after acquiring an additional 441,234 shares during the last quarter. Institutional investors and hedge funds own 81.73% of the company’s stock.

Cboe Global Markets Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 15th. Shareholders of record on Tuesday, February 28th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.49%. The ex-dividend date of this dividend was Monday, February 27th. Cboe Global Markets’s payout ratio is currently 98.97%.

About Cboe Global Markets

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Cboe Global Markets, Inc engages in the provision of trading and investment solutions to investors. It operates through the following business segments: Options, North American Equities, Futures, Europe and Asia Pacific, Global FX, and Digital. The Options segment includes the options exchange business, which lists trading options on market indexes (index options), as well as on non-exclusive multiply listed options.