Q3 EPS Estimates for MarketAxess Decreased by Zacks Research

Key Points

• Zacks Research cut MarketAxess’s Q3 2026 EPS estimate to $1.94 from $1.98 and reduced its FY2026, FY2027, and FY2028 forecasts, signaling more cautious expectations for profit growth.
• MarketAxess recently reported quarterly EPS of $1.95, beating the $1.85 consensus, while revenue of $218.41 million slightly exceeded estimates but declined 0.5% year over year.
• Analyst sentiment remains cautious, with a consensus “Hold” rating and average price target of $156.10; the company also declared a quarterly dividend of $0.78 per share, representing a 1.9% yield.

MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) - Research analysts at Zacks Research dropped their Q3 2026 earnings per share estimates for shares of MarketAxess in a research note issued to investors on Thursday, August 13th. Zacks Research analyst Team now forecasts that the financial services provider will post earnings of $1.94 per share for the quarter, down from their prior estimate of $1.98. The consensus estimate for MarketAxess' current full-year earnings is $8.05 per share. Zacks Research also issued estimates for MarketAxess' Q4 2026 earnings at $1.84 EPS, FY2026 earnings at $7.98 EPS, Q1 2027 earnings at $2.31 EPS, Q2 2027 earnings at $2.12 EPS, Q3 2027 earnings at $2.11 EPS, Q4 2027 earnings at $2.02 EPS, FY2027 earnings at $8.56 EPS, Q1 2028 earnings at $2.34 EPS, Q2 2028 earnings at $2.24 EPS and FY2028 earnings at $8.98 EPS.

MarketAxess (NASDAQ:MKTX - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The financial services provider reported $1.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.85 by $0.10. The business had revenue of $218.41 million for the quarter, compared to analyst estimates of $216.70 million. MarketAxess had a return on equity of 22.48% and a net margin of 35.22%.MarketAxess's revenue for the quarter was down .5% compared to the same quarter last year. During the same period last year, the company earned $2.00 EPS.

Other research analysts have also recently issued research reports about the stock. Wall Street Zen cut shares of MarketAxess from a "hold" rating to a "sell" rating in a report on Saturday, August 1st. Piper Sandler dropped their price target on shares of MarketAxess from $175.00 to $128.00 and set a "neutral" rating for the company in a research report on Wednesday, July 15th. UBS Group lowered shares of MarketAxess from a "buy" rating to a "neutral" rating and cut their price target for the stock from $200.00 to $167.00 in a report on Friday, July 31st. William Blair cut shares of MarketAxess from an "outperform" rating to a "market perform" rating in a research report on Thursday, July 30th. Finally, Bank of America raised shares of MarketAxess from an "underperform" rating to a "neutral" rating and set a $170.00 price objective for the company in a research note on Friday, June 12th. One research analyst has rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $156.10.

MarketAxess Stock Performance

Shares of MKTX stock opened at $162.60 on Friday. The company has a market capitalization of $5.72 billion, a P/E ratio of 19.17, a PEG ratio of 4.12 and a beta of 0.83. MarketAxess has a fifty-two week low of $108.75 and a fifty-two week high of $195.96. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.17 and a current ratio of 2.17. The stock has a 50 day moving average price of $126.60 and a two-hundred day moving average price of $151.01.

Institutional Trading of MarketAxess

Institutional investors and hedge funds have recently bought and sold shares of the stock. Algert Global LLC grew its holdings in shares of MarketAxess by 478.2% during the 2nd quarter. Algert Global LLC now owns 112,400 shares of the financial services provider's stock worth $12,756,000 after acquiring an additional 92,960 shares during the period. Cibc World Market Inc. bought a new stake in shares of MarketAxess during the second quarter valued at approximately $8,885,000. Sanctuary Advisors LLC purchased a new stake in MarketAxess in the second quarter worth $1,325,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in MarketAxess in the second quarter worth $21,184,000. Finally, Globeflex Capital L P bought a new position in MarketAxess in the second quarter worth $156,000. 99.01% of the stock is currently owned by hedge funds and other institutional investors.

MarketAxess Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 19th will be paid a dividend of $0.78 per share. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.9%. MarketAxess's payout ratio is presently 36.79%.

MarketAxess News Summary

Here are the key news stories impacting MarketAxess this week:

• Positive Sentiment: Zacks Research raised its Q1 2027 EPS estimate to $2.31 from $2.27, indicating that some near-term earnings expectations remain constructive. However, this increase was outweighed by reductions in several other periods.
• Neutral Sentiment: Keefe, Bruyette & Woods reiterated a “Market Perform” rating, while the broader analyst consensus remains around “Hold,” suggesting limited conviction for significant additional upside. Keefe, Bruyette & Woods Reiterates Market Perform Rating for MarketAxess
• Negative Sentiment: Zacks Research lowered estimates across multiple periods: Q3 and Q4 2026 EPS were cut to $1.94 and $1.84, respectively, bringing its FY2026 forecast to $7.98 from $8.01, slightly below the $8.05 consensus. FY2027 EPS fell to $8.56 from $8.70, and FY2028 EPS dropped to $8.98 from $9.49. Estimates for Q2 2027, Q3 2027, Q4 2027, Q1 2028 and Q2 2028 were also reduced. The revisions point to more modest profit growth expectations for MarketAxess. MarketAxess analyst estimate updates
• Negative Sentiment: Brodsky & Smith announced an investigation involving MarketAxess, potentially raising concerns about shareholder treatment and corporate actions. Such notices can create reputational and legal uncertainty, although the announcement does not establish wrongdoing. Brodsky & Smith MarketAxess investigation announcement
• Negative Sentiment: A separate report questioned whether proposed transactions involving MKTX provide fair value to shareholders and suggested that deal terms could restrict superior offers, adding another potential governance overhang. Are MKTX and CBZ Obtaining Fair Deals for their Shareholders?

About MarketAxess

MarketAxess Holdings Inc operates a leading global electronic trading platform specializing in fixed-income securities and related products. The company's network enables institutional investors and broker-dealers to trade corporate bonds, municipal securities, emerging markets debt, U.S. Treasuries and credit default swaps in an automated, multi-dealer environment. MarketAxess also offers portfolio trading, data analytics, best-execution tools and post-trade services to streamline workflows and enhance price discovery across its marketplace.

In addition to core voice-like trading protocols, MarketAxess provides Open Trading®, an anonymous, all-to-all trading protocol designed to improve liquidity and transaction efficiency.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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