Equities Analysts Offer Predictions for CBOE FY2024 Earnings

Cboe Global Markets, Inc. (NASDAQ:CBOE) – Equities researchers at William Blair issued their FY2024 earnings estimates for Cboe Global Markets in a report released on Thursday, January 9th. William Blair analyst J. Schmitt expects that the company will post earnings per share of $8.63 for the year. William Blair has a “Market Perform” rating on the stock. The consensus estimate for Cboe Global Markets’ current full-year earnings is $8.66 per share. William Blair also issued estimates for Cboe Global Markets’ Q4 2024 earnings at $2.12 EPS, FY2025 earnings at $9.05 EPS and FY2026 earnings at $9.65 EPS.

Several other equities analysts have also recently commented on the company. StockNews.com cut Cboe Global Markets from a “hold” rating to a “sell” rating in a research note on Friday, January 10th. JPMorgan Chase & Co. restated an “underweight” rating and set a $174.00 price objective (down from $203.00) on shares of Cboe Global Markets in a research note on Tuesday, January 7th. The Goldman Sachs Group cut Cboe Global Markets from a “neutral” rating to a “sell” rating and set a $184.00 price objective on the stock. in a research note on Monday, January 6th. Oppenheimer reduced their price objective on Cboe Global Markets from $232.00 to $218.00 and set an “outperform” rating on the stock in a research note on Monday. Finally, Barclays dropped their target price on Cboe Global Markets from $220.00 to $212.00 and set an “equal weight” rating on the stock in a research report on Monday. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $198.83.

Cboe Global Markets Stock Up 0.3 %

Shares of NASDAQ:CBOE opened at $193.37 on Monday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.39 and a quick ratio of 1.39. Cboe Global Markets has a 52-week low of $166.13 and a 52-week high of $221.66. The firm has a 50 day moving average price of $201.57. The firm has a market capitalization of $20.24 billion, a P/E ratio of 26.34, a price-to-earnings-growth ratio of 1.71 and a beta of 0.68.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. grew its holdings in Cboe Global Markets by 5.4% during the third quarter. JPMorgan Chase & Co. now owns 471,581 shares of the company’s stock worth $96,613,000 after acquiring an additional 24,177 shares during the period. Nordea Investment Management AB grew its holdings in Cboe Global Markets by 16.7% during the fourth quarter. Nordea Investment Management AB now owns 646,670 shares of the company’s stock worth $126,262,000 after acquiring an additional 92,537 shares during the period. Principal Financial Group Inc. grew its holdings in Cboe Global Markets by 2.0% during the third quarter. Principal Financial Group Inc. now owns 157,158 shares of the company’s stock worth $32,197,000 after acquiring an additional 3,155 shares during the period. Tri Ri Asset Management Corp acquired a new position in shares of Cboe Global Markets in the 3rd quarter valued at $5,499,000. Finally, Oddo BHF Asset Management Sas acquired a new position in shares of Cboe Global Markets in the 3rd quarter valued at $7,647,000. 82.67% of the stock is owned by institutional investors and hedge funds.

Cboe Global Markets Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date was Friday, November 29th. Cboe Global Markets’s payout ratio is currently 34.33%.

About Cboe Global Markets

Cboe Global Markets, Inc is one of the largest stock exchange operators by volume in the United States and a leading market globally for ETP trading. Cboe offers trading across a diverse range of products in multiple asset classes and geographies, including options, futures, U.S. and European equities, exchange-traded products (ETPs), global foreign exchange (FX) and multi-asset volatility products based on the VIX Index.