MarketAxess (MKTX) Expected to Announce Quarterly Earnings on Wednesday

MarketAxess (NASDAQ:MKTX) is anticipated to announce its earnings results before the market opens on Wednesday, January 29th. Analysts expect the company to announce earnings of $1.84 per share and revenue of $211,350.00 billion for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

MarketAxess (NASDAQ:MKTX) last announced its earnings results on Wednesday, November 6th. The financial services provider reported $1.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.85 by $0.05. The business had revenue of $206.70 million during the quarter, compared to analyst estimates of $207.17 million. MarketAxess had a return on equity of 20.93% and a net margin of 34.32%. MarketAxess’s revenue for the quarter was up 20.0% compared to the same quarter last year. During the same period last year, the company earned $1.46 EPS. On average, analysts expect MarketAxess to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

MarketAxess Trading Down 0.6 %

Shares of MKTX stock opened at $224.43 on Monday. MarketAxess has a 1-year low of $192.42 and a 1-year high of $296.68. The stock has a market cap of $8.46 billion, a price-to-earnings ratio of 30.41, a PEG ratio of 4.58 and a beta of 1.03. The stock has a 50-day moving average of $236.34 and a 200-day moving average of $247.59.

Insider Buying and Selling at MarketAxess

In other news, Chairman Richard M. Mcvey sold 10,000 shares of the company’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $267.67, for a total value of $2,676,700.00. Following the completion of the transaction, the chairman now directly owns 562,029 shares in the company, valued at approximately $150,438,302.43. This represents a 1.75 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Scott Pintoff sold 300 shares of the firm’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $240.57, for a total value of $72,171.00. Following the transaction, the general counsel now directly owns 8,302 shares in the company, valued at approximately $1,997,212.14. This represents a 3.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 30,300 shares of company stock valued at $8,183,871 in the last 90 days. Corporate insiders own 2.66% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. UBS Group boosted their target price on shares of MarketAxess from $330.00 to $335.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Morgan Stanley boosted their price objective on MarketAxess from $262.00 to $314.00 and gave the company an “equal weight” rating in a research note on Thursday, October 17th. Bank of America decreased their target price on MarketAxess from $193.00 to $185.00 and set an “underperform” rating for the company in a research note on Thursday, October 3rd. The Goldman Sachs Group boosted their price target on MarketAxess from $204.00 to $233.00 and gave the company a “neutral” rating in a research note on Monday, September 30th. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of MarketAxess from $255.00 to $251.00 and set a “market perform” rating for the company in a research report on Monday, January 13th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $261.30.

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.