Nasdaq, Inc. to Post Q3 2024 Earnings of $0.69 Per Share, Zacks Research Forecasts (NASDAQ:NDAQ)

Nasdaq, Inc. (NASDAQ:NDAQ) – Equities research analysts at Zacks Research boosted their Q3 2024 EPS estimates for shares of Nasdaq in a research report issued to clients and investors on Wednesday, April 17th. Zacks Research analyst T. De now expects that the financial services provider will post earnings of $0.69 per share for the quarter, up from their prior estimate of $0.68. The consensus estimate for Nasdaq’s current full-year earnings is $2.76 per share. Zacks Research also issued estimates for Nasdaq’s FY2024 earnings at $2.71 EPS and Q2 2025 earnings at $0.76 EPS.

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

Other analysts also recently issued reports about the stock. Piper Sandler boosted their price target on shares of Nasdaq from $70.00 to $71.00 and gave the stock an “overweight” rating in a research note on Thursday, February 1st. Morgan Stanley raised shares of Nasdaq from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $59.00 to $80.00 in a research note on Tuesday, April 9th. Citigroup upped their price objective on shares of Nasdaq from $56.00 to $63.00 and gave the company a “neutral” rating in a research note on Friday, January 12th. Barclays started coverage on shares of Nasdaq in a research note on Thursday, April 11th. They set an “overweight” rating and a $76.00 price objective for the company. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $82.00 price objective on shares of Nasdaq in a research note on Thursday, February 1st. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $67.09.

Nasdaq Stock Performance

Nasdaq stock opened at $60.35 on Friday. 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 PE ratio of 28.60, a P/E/G ratio of 2.73 and a beta of 0.93. The firm has a fifty day simple moving average of $59.43 and a two-hundred day simple moving average of $56.10. Nasdaq has a twelve month low of $46.88 and a twelve month high of $64.25.

Institutional Investors Weigh In On Nasdaq

Several institutional investors have recently made changes to their positions in NDAQ. RB Capital Management LLC lifted its holdings in shares of Nasdaq by 15.9% in the 1st quarter. RB Capital Management LLC now owns 3,264 shares of the financial services provider’s stock worth $582,000 after acquiring an additional 448 shares during the last quarter. American Century Companies Inc. lifted its holdings in Nasdaq by 10.2% during the 1st quarter. American Century Companies Inc. now owns 2,209 shares of the financial services provider’s stock valued at $394,000 after buying an additional 205 shares in the last quarter. Raymond James Trust N.A. lifted its holdings in Nasdaq by 14.1% during the 1st quarter. Raymond James Trust N.A. now owns 3,932 shares of the financial services provider’s stock valued at $701,000 after buying an additional 487 shares in the last quarter. Sei Investments Co. lifted its holdings in Nasdaq by 8.4% during the 1st quarter. Sei Investments Co. now owns 136,395 shares of the financial services provider’s stock valued at $24,319,000 after buying an additional 10,623 shares in the last quarter. Finally, Allianz Asset Management GmbH lifted its holdings in Nasdaq by 32.0% during the 1st quarter. Allianz Asset Management GmbH now owns 316,344 shares of the financial services provider’s stock valued at $56,373,000 after buying an additional 76,603 shares in the last quarter. Institutional investors own 72.47% of the company’s stock.

Insider Activity at Nasdaq

In other Nasdaq news, EVP Bryan Everard Smith sold 7,400 shares of Nasdaq stock in a transaction on Monday, April 1st. The shares were sold at an average price of $62.91, for a total value of $465,534.00. Following the completion of the transaction, the executive vice president now directly owns 61,672 shares of the company’s stock, valued at approximately $3,879,785.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, major shareholder Dubai Ltd Borse sold 31,000,000 shares of the firm’s stock in a transaction dated 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 owns 58,341,545 shares in the company, valued at approximately $3,383,809,610. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Bryan Everard Smith sold 7,400 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $62.91, for a total transaction 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 approximately $3,879,785.52. The disclosure for this sale can be found here. 0.75% of the stock is currently owned by corporate insiders.

Nasdaq Announces Dividend

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