MarketAxess (MKTX) Projected to Post Earnings on Wednesday

MarketAxess (NASDAQ:MKTX - Get Free Report) is anticipated to issue its Q2 2025 quarterly earnings data before the market opens on Wednesday, August 6th. Analysts expect MarketAxess to post earnings of $1.91 per share and revenue of $218.05 million for the quarter.

MarketAxess (NASDAQ:MKTX - Get Free Report) last issued its earnings results on Wednesday, May 7th. The financial services provider reported $1.87 earnings per share for the quarter, topping the consensus estimate of $1.82 by $0.05. MarketAxess had a return on equity of 19.93% and a net margin of 26.57%. The business had revenue of $208.58 million for the quarter, compared to analyst estimates of $211.81 million. During the same period last year, the company posted $1.92 EPS. The business's quarterly revenue was down .8% on a year-over-year basis. On average, analysts expect MarketAxess to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

MarketAxess Price Performance

NASDAQ MKTX traded up $2.92 during trading hours on Wednesday, hitting $210.09. The company had a trading volume of 471,191 shares, compared to its average volume of 324,994. MarketAxess has a fifty-two week low of $186.84 and a fifty-two week high of $296.68. The company has a market capitalization of $7.88 billion, a price-to-earnings ratio of 36.54, a P/E/G ratio of 2.73 and a beta of 0.85. The firm's 50 day moving average is $218.30 and its 200 day moving average is $214.61.

Institutional Trading of MarketAxess

A number of hedge funds and other institutional investors have recently bought and sold shares of MKTX. Woodline Partners LP increased its position in shares of MarketAxess by 40.7% during the first quarter. Woodline Partners LP now owns 3,185 shares of the financial services provider's stock valued at $689,000 after buying an additional 921 shares during the period. Jones Financial Companies Lllp boosted its position in MarketAxess by 151.0% during the 1st quarter. Jones Financial Companies Lllp now owns 2,683 shares of the financial services provider's stock valued at $580,000 after acquiring an additional 1,614 shares in the last quarter. Empowered Funds LLC lifted its holdings in shares of MarketAxess by 8.4% during the first quarter. Empowered Funds LLC now owns 1,716 shares of the financial services provider's stock valued at $371,000 after purchasing an additional 133 shares during the last quarter. Finally, Geneos Wealth Management Inc. increased its position in shares of MarketAxess by 200.0% during the first quarter. Geneos Wealth Management Inc. now owns 120 shares of the financial services provider's stock valued at $26,000 after acquiring an additional 80 shares in the last quarter. Institutional investors own 99.01% of the company's stock.

Analyst Ratings Changes

MKTX has been the topic of several research analyst reports. Citigroup increased their price target on shares of MarketAxess from $250.00 to $265.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. UBS Group reaffirmed a "buy" rating and issued a $295.00 price objective on shares of MarketAxess in a research note on Tuesday, July 8th. Keefe, Bruyette & Woods raised their target price on shares of MarketAxess from $223.00 to $226.00 and gave the stock a "market perform" rating in a report on Thursday, May 8th. Morgan Stanley reduced their price target on shares of MarketAxess from $283.00 to $274.00 and set an "overweight" rating for the company in a research report on Tuesday, July 15th. Finally, Barclays cut their price objective on shares of MarketAxess from $240.00 to $237.00 and set an "equal weight" rating on the stock in a research report on Thursday, July 10th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $240.67.

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.