MarketAxess (MKTX) to Release Earnings on Wednesday

MarketAxess (NASDAQ:MKTX - Get Free Report) is expected to post its Q1 2025 quarterly earnings results before the market opens on Wednesday, May 7th. Analysts expect MarketAxess to post earnings of $1.84 per share and revenue of $211.81 million for the quarter.

MarketAxess (NASDAQ:MKTX - Get Free Report) last posted its earnings results on Thursday, February 6th. The financial services provider reported $1.73 EPS for the quarter, beating analysts' consensus estimates of $1.70 by $0.03. MarketAxess had a net margin of 33.56% and a return on equity of 20.23%. On average, analysts expect MarketAxess to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

MarketAxess Trading Up 0.8 %

Shares of MKTX traded up $1.71 during mid-day trading on Friday, hitting $225.68. The company's stock had a trading volume of 366,359 shares, compared to its average volume of 491,364. The company's 50-day moving average is $213.12 and its 200-day moving average is $230.59. MarketAxess has a 52-week low of $186.84 and a 52-week high of $296.68. The firm has a market capitalization of $8.40 billion, a price-to-earnings ratio of 31.04, a PEG ratio of 3.89 and a beta of 1.12.

Wall Street Analysts Forecast Growth

MKTX has been the topic of several recent research reports. Piper Sandler cut their price target on MarketAxess from $220.00 to $213.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Barclays boosted their target price on shares of MarketAxess from $225.00 to $232.00 and gave the stock an "equal weight" rating in a report on Monday, April 7th. Morgan Stanley upgraded shares of MarketAxess from an "equal weight" rating to an "overweight" rating in a report on Tuesday, April 8th. UBS Group cut their price target on shares of MarketAxess from $305.00 to $295.00 and set a "buy" rating on the stock in a report on Monday, April 7th. Finally, William Blair initiated coverage on MarketAxess in a report on Friday, April 4th. They set an "outperform" rating for the company. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $252.11.

MarketAxess Company Profile

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.