Analysts expect that MarketAxess Holdings Inc. (NASDAQ:MKTX – Get Rating) will post earnings per share of $1.76 for the current quarter, Zacks reports. Five analysts have provided estimates for MarketAxess’ earnings, with the lowest EPS estimate coming in at $1.68 and the highest estimate coming in at $1.90. MarketAxess posted earnings of $1.77 per share during the same quarter last year, which would suggest a negative year over year growth rate of 0.6%. The firm is expected to issue its next earnings report on Monday, January 1st.
According to Zacks, analysts expect that MarketAxess will report full-year earnings of $6.98 per share for the current fiscal year, with EPS estimates ranging from $6.60 to $7.62. For the next financial year, analysts forecast that the firm will report earnings of $8.00 per share, with EPS estimates ranging from $7.27 to $8.40. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that follow MarketAxess.
MarketAxess (NASDAQ:MKTX – Get Rating) last issued its quarterly earnings data on Wednesday, April 20th. The financial services provider reported $1.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.69 by $0.02. MarketAxess had a return on equity of 23.46% and a net margin of 35.13%. The business had revenue of $186.10 million during the quarter, compared to analyst estimates of $186.34 million. During the same period in the prior year, the company posted $2.11 EPS. The business’s revenue for the quarter was down 4.8% compared to the same quarter last year.
Shares of NASDAQ:MKTX traded up $6.12 during midday trading on Friday, hitting $263.38. 290,040 shares of the stock were exchanged, compared to its average volume of 480,273. The company has a market capitalization of $9.86 billion, a PE ratio of 41.35 and a beta of 0.56. MarketAxess has a 52-week low of $249.89 and a 52-week high of $498.97. The business’s fifty day simple moving average is $302.78 and its two-hundred day simple moving average is $352.13.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 18th. Shareholders of record on Wednesday, May 4th will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Tuesday, May 3rd. This represents a $2.80 dividend on an annualized basis and a yield of 1.06%. MarketAxess’s dividend payout ratio is currently 43.96%.
In related news, Director Richard Leon Prager bought 1,000 shares of the stock in a transaction dated Friday, April 22nd. The shares were purchased at an average price of $271.25 per share, with a total value of $271,250.00. Following the completion of the acquisition, the director now owns 2,149 shares of the company’s stock, valued at $582,916.25. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 2.19% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the business. Epoch Investment Partners Inc. grew its stake in shares of MarketAxess by 196.2% during the 3rd quarter. Epoch Investment Partners Inc. now owns 63,284 shares of the financial services provider’s stock worth $26,623,000 after purchasing an additional 41,921 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in shares of MarketAxess by 16.1% during the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 17,662 shares of the financial services provider’s stock worth $7,009,000 after purchasing an additional 2,449 shares during the last quarter. US Bancorp DE grew its position in MarketAxess by 2.6% in the 3rd quarter. US Bancorp DE now owns 16,717 shares of the financial services provider’s stock valued at $7,033,000 after acquiring an additional 421 shares in the last quarter. Sierra Capital LLC acquired a new position in MarketAxess in the 4th quarter valued at about $111,000. Finally, Stevens Capital Management LP purchased a new position in shares of MarketAxess in the 4th quarter valued at about $461,000. 96.50% of the stock is owned by institutional investors and hedge funds.
About MarketAxess (Get Rating)
MarketAxess Holdings Inc, together with its subsidiaries, operates an electronic trading platform for institutional investor and broker-dealer companies worldwide. It offers the access to liquidity in the U.S. investment-grade bonds, U.S. high-yield bonds, and U.S. Treasuries, as well as municipal bonds, emerging market debts, Eurobonds, and other fixed income securities.
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