S&P 500   4,662.85
DOW   35,911.81
QQQ   380.01
S&P 500   4,662.85
DOW   35,911.81
QQQ   380.01
S&P 500   4,662.85
DOW   35,911.81
QQQ   380.01
S&P 500   4,662.85
DOW   35,911.81
QQQ   380.01

Zacks: Analysts Anticipate Nasdaq, Inc. (NASDAQ:NDAQ) Will Announce Quarterly Sales of $859.25 Million

Last updated on Tuesday, January 4, 2022 | 2022 MarketBeat

Wall Street brokerages forecast that Nasdaq, Inc. (NASDAQ:NDAQ) will announce sales of $859.25 million for the current quarter, Zacks reports. Four analysts have issued estimates for Nasdaq's earnings, with the highest sales estimate coming in at $867.00 million and the lowest estimate coming in at $852.00 million. Nasdaq posted sales of $788.00 million in the same quarter last year, which suggests a positive year-over-year growth rate of 9%. The firm is expected to report its next earnings report on Wednesday, January 26th.

According to Zacks, analysts expect that Nasdaq will report full year sales of $3.39 billion for the current financial year, with estimates ranging from $3.38 billion to $3.40 billion. For the next fiscal year, analysts expect that the company will post sales of $3.55 billion, with estimates ranging from $3.51 billion to $3.59 billion. Zacks Investment Research's sales averages are a mean average based on a survey of analysts that cover Nasdaq.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings data on Tuesday, October 19th. The financial services provider reported $1.78 earnings per share for the quarter, topping the Zacks' consensus estimate of $1.72 by $0.06. Nasdaq had a net margin of 19.56% and a return on equity of 18.83%. The business had revenue of $838.00 million during the quarter, compared to analysts' expectations of $833.05 million. During the same period in the previous year, the company earned $1.53 earnings per share. Nasdaq's revenue for the quarter was up 17.2% on a year-over-year basis.

Several equities research analysts have recently weighed in on the stock. Citigroup upped their target price on shares of Nasdaq from $193.00 to $203.00 and gave the stock a "neutral" rating in a report on Tuesday, October 19th. They noted that the move was a valuation call. Oppenheimer upped their target price on shares of Nasdaq from $206.00 to $230.00 and gave the stock an "outperform" rating in a report on Wednesday, October 13th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Nasdaq from $230.00 to $225.00 and set a "buy" rating on the stock in a report on Thursday, October 21st. Rosenblatt Securities upped their price target on shares of Nasdaq from $220.00 to $224.00 and gave the stock a "neutral" rating in a research report on Friday, December 10th. Finally, Morgan Stanley upped their price target on shares of Nasdaq from $241.00 to $252.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 19th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $207.75.

In other Nasdaq news, EVP Jeremy Skule sold 865 shares of the business's stock in a transaction dated Monday, December 13th. The stock was sold at an average price of $206.18, for a total transaction of $178,345.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Ann M. Dennison sold 1,749 shares of the business's stock in a transaction dated Friday, October 22nd. The shares were sold at an average price of $200.76, for a total value of $351,129.24. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,344 shares of company stock worth $1,087,150. 0.60% of the stock is owned by corporate insiders.

A number of hedge funds have recently modified their holdings of NDAQ. BlackRock Inc. lifted its holdings in Nasdaq by 1.0% during the third quarter. BlackRock Inc. now owns 8,184,152 shares of the financial services provider's stock worth $1,579,706,000 after buying an additional 78,709 shares during the period. Geode Capital Management LLC grew its position in Nasdaq by 11.2% during the 3rd quarter. Geode Capital Management LLC now owns 2,442,132 shares of the financial services provider's stock worth $470,481,000 after purchasing an additional 246,294 shares during the period. Artisan Partners Limited Partnership grew its position in shares of Nasdaq by 5.0% during the 2nd quarter. Artisan Partners Limited Partnership now owns 1,964,942 shares of the financial services provider's stock valued at $345,437,000 after acquiring an additional 93,324 shares during the period. Bank of America Corp DE boosted its holdings in Nasdaq by 0.6% in the 2nd quarter. Bank of America Corp DE now owns 1,554,572 shares of the financial services provider's stock worth $273,295,000 after buying an additional 9,958 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its stake in Nasdaq by 6.0% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,397,861 shares of the financial services provider's stock worth $269,817,000 after purchasing an additional 79,309 shares in the last quarter. Institutional investors and hedge funds own 71.30% of the company's stock.

Shares of Nasdaq stock opened at $202.46 on Tuesday. The firm has a market capitalization of $33.86 billion, a PE ratio of 29.51, a price-to-earnings-growth ratio of 2.20 and a beta of 0.83. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.98 and a quick ratio of 0.98. The company's fifty day moving average price is $206.34 and its two-hundred day moving average price is $195.44. Nasdaq has a 52-week low of $130.70 and a 52-week high of $214.96.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 17th. Stockholders of record on Friday, December 3rd were given a dividend of $0.54 per share. The ex-dividend date of this dividend was Thursday, December 2nd. This represents a $2.16 annualized dividend and a dividend yield of 1.07%. Nasdaq's dividend payout ratio (DPR) is presently 31.49%.

About Nasdaq

Nasdaq, Inc is a holding company, which engages in trading, clearing, exchange technology, regulatory, securities listing, information and public & private company services. It operates through the following segments: Market Services, Corporate Services, Information Services and Market Technology. The Market Services segment includes its equity derivative trading and clearing, cash equity trading, FICC and trade management services businesses.

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