Nasdaq, Inc. (NASDAQ:NDAQ) Forecasted to Post Q4 2024 Earnings of $0.74 Per Share

Nasdaq, Inc. (NASDAQ:NDAQ) – Analysts at Zacks Research boosted their Q4 2024 earnings per share (EPS) estimates for shares of Nasdaq in a research report issued on Wednesday, April 17th. Zacks Research analyst T. De now forecasts that the financial services provider will post earnings of $0.74 per share for the quarter, up from their previous estimate of $0.73. The consensus estimate for Nasdaq’s current full-year earnings is $2.75 per share. Zacks Research also issued estimates for Nasdaq’s Q3 2025 earnings at $0.78 EPS, Q4 2025 earnings at $0.79 EPS, FY2025 earnings at $3.05 EPS and FY2026 earnings at $3.43 EPS.

A number of other analysts also recently commented on NDAQ. Citigroup upped their target price on Nasdaq from $56.00 to $63.00 and gave the stock a “neutral” rating in a research note on Friday, January 12th. Piper Sandler upped their target price on Nasdaq from $70.00 to $71.00 and gave the stock an “overweight” rating in a research note on Thursday, February 1st. Oppenheimer upped their target price on Nasdaq from $65.00 to $68.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. UBS Group upped their price target on Nasdaq from $56.00 to $60.00 and gave the stock a “neutral” rating in a report on Wednesday, January 24th. Finally, Morgan Stanley raised Nasdaq from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $59.00 to $80.00 in a report on Tuesday, April 9th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $67.09.

Nasdaq Stock Up 0.5 %

Shares of NDAQ opened at $60.35 on Thursday. Nasdaq has a 52 week low of $46.88 and a 52 week high of $64.25. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.94. The company has a market capitalization of $34.71 billion, a price-to-earnings ratio of 28.60, a PEG ratio of 2.73 and a beta of 0.93. The stock’s 50-day moving average price is $59.43 and its 200-day moving average price is $56.04.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings results on Wednesday, January 31st. The financial services provider reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.02. Nasdaq had a return on equity of 19.28% and a net margin of 17.48%. The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the previous year, the business earned $0.64 EPS. The company’s quarterly revenue was up 21.4% compared to the same quarter last year.

Institutional Investors Weigh In On Nasdaq

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Salem Investment Counselors Inc. increased its holdings in shares of Nasdaq by 89.3% in the first quarter. Salem Investment Counselors Inc. now owns 426 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 201 shares during the last quarter. Hobbs Group Advisors LLC purchased a new position in Nasdaq in the fourth quarter worth approximately $25,000. Turtle Creek Wealth Advisors LLC purchased a new position in Nasdaq in the fourth quarter worth approximately $29,000. Mango Five Family Inc. purchased a new position in Nasdaq in the fourth quarter worth approximately $31,000. Finally, Loomis Sayles & Co. L P purchased a new position in Nasdaq in the third quarter worth approximately $26,000. Institutional investors and hedge funds own 72.47% of the company’s stock.

Insider Buying and Selling at Nasdaq

In other Nasdaq news, major shareholder Dubai Ltd Borse sold 31,000,000 shares of the stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $58.00, for a total transaction of $1,798,000,000.00. Following the completion of the transaction, the insider now owns 58,341,545 shares of the company’s stock, valued at $3,383,809,610. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP Bryan Everard Smith sold 7,400 shares of the stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $62.91, for a total value of $465,534.00. Following the completion of the sale, the executive vice president now owns 61,672 shares of the company’s stock, valued at $3,879,785.52. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Dubai Ltd Borse sold 31,000,000 shares of the stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $58.00, for a total value of $1,798,000,000.00. Following the completion of the sale, the insider now directly owns 58,341,545 shares of the company’s stock, valued at approximately $3,383,809,610. The disclosure for this sale can be found here. Insiders own 0.75% of the company’s stock.

Nasdaq Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were issued a dividend of $0.22 per share. The ex-dividend date was Wednesday, March 13th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.46%. Nasdaq’s payout ratio is currently 41.71%.

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.