MarketAxess (MKTX) to Release Earnings on Tuesday

MarketAxess (NASDAQ:MKTX - Get Free Report) is set to release its earnings data before the market opens on Tuesday, May 7th. Analysts expect MarketAxess to post earnings of $1.85 per share for the quarter. Parties that are interested in participating in the company's conference call can do so using this link.

MarketAxess (NASDAQ:MKTX - Get Free Report) last released its quarterly earnings data on Wednesday, January 31st. The financial services provider reported $1.84 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.73 by $0.11. The business had revenue of $197.20 million for the quarter, compared to analysts' expectations of $196.70 million. MarketAxess had a return on equity of 21.76% and a net margin of 34.29%. MarketAxess's quarterly revenue was up 10.8% on a year-over-year basis. During the same period in the previous year, the business posted $1.58 earnings per share. 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 2.0 %

MKTX traded down $4.01 during trading on Tuesday, reaching $200.09. 434,053 shares of the company's stock were exchanged, compared to its average volume of 417,699. The company has a market capitalization of $7.52 billion, a P/E ratio of 29.21, a PEG ratio of 4.22 and a beta of 0.98. The business has a 50 day moving average price of $214.15 and a 200 day moving average price of $236.11. MarketAxess has a fifty-two week low of $199.34 and a fifty-two week high of $322.25.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on MKTX. Barclays lowered their target price on shares of MarketAxess from $239.00 to $236.00 and set an "equal weight" rating on the stock in a research note on Monday, April 8th. William Blair reaffirmed an "outperform" rating on shares of MarketAxess in a report on Tuesday, January 23rd. Rosenblatt Securities reduced their price target on shares of MarketAxess from $229.00 to $210.00 and set a "sell" rating on the stock in a research report on Thursday, February 1st. Morgan Stanley increased their price objective on MarketAxess from $278.00 to $279.00 and gave the company an "equal weight" rating in a research report on Tuesday, April 9th. Finally, The Goldman Sachs Group cut their price target on MarketAxess from $263.00 to $225.00 and set a "neutral" rating on the stock in a research note on Thursday, February 1st. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $252.80.

Insider Buying and Selling

In other news, CRO Kevin M. Mcpherson sold 2,000 shares of the business's stock in a transaction on Friday, February 16th. The shares were sold at an average price of $221.26, for a total value of $442,520.00. Following the sale, the executive now owns 70,092 shares of the company's stock, valued at $15,508,555.92. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 2.00% of the stock is owned by corporate insiders.

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.