What is William Blair’s Estimate for Nasdaq FY2024 Earnings?

Nasdaq, Inc. (NASDAQ:NDAQ) – Equities research analysts at William Blair upped their FY2024 earnings per share (EPS) estimates for shares of Nasdaq in a report issued on Monday, January 13th. William Blair analyst J. Schmitt now forecasts that the financial services provider will earn $2.80 per share for the year, up from their prior forecast of $2.78. William Blair has a “Outperform” rating on the stock. The consensus estimate for Nasdaq’s current full-year earnings is $2.79 per share. William Blair also issued estimates for Nasdaq’s Q4 2024 earnings at $0.74 EPS.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.05. The firm had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Nasdaq had a return on equity of 14.56% and a net margin of 13.67%. Nasdaq’s quarterly revenue was up 21.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.71 EPS.

Other analysts also recently issued research reports about the stock. The Goldman Sachs Group raised their price target on shares of Nasdaq from $77.00 to $83.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Oppenheimer raised their price target on shares of Nasdaq from $86.00 to $89.00 and gave the stock an “outperform” rating in a research report on Monday. Raymond James raised their price target on shares of Nasdaq from $83.00 to $84.00 and gave the stock an “outperform” rating in a research report on Thursday, January 9th. Royal Bank of Canada reissued an “outperform” rating and set a $95.00 price target on shares of Nasdaq in a research report on Thursday, January 9th. Finally, TD Cowen decreased their price target on shares of Nasdaq from $81.00 to $80.00 and set a “hold” rating for the company in a research report on Monday, October 28th. Five research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $85.73.

Nasdaq Stock Up 1.0 %

NASDAQ NDAQ opened at $76.98 on Wednesday. The stock has a market cap of $44.24 billion, a PE ratio of 46.10, a P/E/G ratio of 3.12 and a beta of 0.98. Nasdaq has a fifty-two week low of $54.90 and a fifty-two week high of $83.77. The business has a 50 day moving average price of $79.29 and a two-hundred day moving average price of $73.12. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.84.

Institutional Investors Weigh In On Nasdaq

Several institutional investors and hedge funds have recently added to or reduced their stakes in NDAQ. Founders Capital Management bought a new stake in Nasdaq in the fourth quarter valued at $27,000. Catalyst Capital Advisors LLC acquired a new position in Nasdaq in the third quarter valued at about $27,000. Claro Advisors LLC acquired a new position in Nasdaq in the third quarter valued at about $33,000. Focused Wealth Management Inc acquired a new position in Nasdaq in the third quarter valued at about $35,000. Finally, Peterson Financial Group Inc. bought a new stake in shares of Nasdaq in the third quarter worth about $42,000. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Nasdaq

In other news, EVP Bradley J. Peterson sold 13,642 shares of Nasdaq stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $75.32, for a total transaction of $1,027,515.44. Following the completion of the sale, the executive vice president now directly owns 142,830 shares in the company, valued at $10,757,955.60. The trade was a 8.72 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Pc Nelson Griggs sold 5,742 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $77.34, for a total value of $444,086.28. Following the completion of the sale, the insider now owns 205,821 shares of the company’s stock, valued at approximately $15,918,196.14. This trade represents a 2.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 49,459 shares of company stock worth $3,811,808 over the last ninety days. 0.70% of the stock is currently owned by corporate insiders.

Nasdaq Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date was Friday, December 6th. Nasdaq’s dividend payout ratio is currently 57.49%.

About Nasdaq

Nasdaq, Inc operates as a technology company that serves capital markets and other industries worldwide. It operates in three segments: Capital Access Platforms, Financial Technology, and Market Services. The Capital Access Platforms segment sells and distributes historical and real-time market data; and develops and licenses Nasdaq-branded indices and financial products.