The Nasdaq Stock Market, which also goes by the ticker symbol NASDAQ: NDAQ, On Tuesday, January 10, the stock analysts at Jefferies Financial Group lowered their expectations for Nasdaq’s quarterly profitability for the fourth quarter of 2022. These new projections are effective immediately. In addition, D. Fannon, an analyst for Jefferies Financial Group, has revised his earlier forecast for the upcoming quarter from $0.66 per share to $0.65 per share. The previous version of the forecast was $0.66 per share. As of now, the current general average forecast for Nasdaq’s earnings throughout the year is $2.68 per share. This figure was derived from several different sources. In addition, according to projections made by Jefferies Financial Group, Nasdaq will generate earnings of $0.69 per share in the second quarter of 2023, $0.70 per share in the third quarter of 2023, $2.80 per share in the full fiscal year of 2023, and $0.73 per share in the second quarter of 2024.
Nasdaq (NASDAQ: NDAQ) made public on Wednesday, October 19, the quarterly financial figures that it had been working on since the previous Friday, October 15. The quarterly earnings per share (EPS) that the financial services company reported came in at $0.68, which was $0.03 higher than the expectation that was being used by the market, which was $0.65. The market expectation was $0.65. Nasdaq successfully generated a return on equity of 22.08%, and its net margin was 18.72% during this period. The sales for the company came in at $890.00 million for the quarter, which is a significant increase over the analysts’ forecast of $884.15 million in revenue for the company. The company generated $0.59 per share during the same period the year before. Compared to the outcomes of the same quarter in the preceding year, the current year’s results for the company’s quarterly sales showed a growth of 6.2%.
The NASDAQ NDAQ opened for business on Thursday at $63.02, and trading continued throughout the day. For this calculation, some possible values include a debt-to-equity ratio of 0.78, a current ratio of 0.96, and a quick ratio of 0.95. The moving averages of the company’s stock price over the past 250 trading days come in at $60.24 and $63.87, respectively. The Nasdaq reached a low of $46.77 throughout the previous year, while it reached a high of $69.22 at its peak. This business is currently trading at a value of $30.96 billion, has a price-to-earnings ratio of 27.60, and a beta value of 0.96. The price-to-earnings-growth ratio for this company is 4.77, and it has a price-to-earnings ratio of 27.
Several other analysts have written reports on the NDAQ, which can be found here. The research note published by UBS Group on November 15 included the company’s decision to downgrade its rating for the Nasdaq to “neutral.” Bank of America decreased its price target for Nasdaq from $65.00 to $58.00. It downgraded the stock from a “buy” rating to an “underperform” rating in a research report published on Friday, October 14. The publication of a research note on October 11 by Citigroup marked the beginning of the company’s coverage of Nasdaq stock. They gave the stock a ” neutral ” rating and concluded that a price target of $62 was appropriate for the stock. Rosenblatt Securities raised their price objective on Nasdaq from $80.00 to $84.00 in a research report released on Thursday, October 20. In addition, they upgraded their rating for the stock from “hold” to “buy.” Finally, Goldman Sachs Group increased their price objective on Nasdaq from $50.00 to $55.00 and rated the stock as a “sell” in a research note published on November 28. Goldman Sachs made the note available to the public on its website. Two financial market experts have provided a recommendation to sell the stock, six analysts have provided a rating of “hold” for it, and six analysts have provided a rating of “buy” for it. The data that Bloomberg provided indicates that the current recommendation for Nasdaq is “Hold” and that the price target is $66.79 per share.
In addition, on December 16, the company announced the distribution of a quarterly dividend, which was paid out on the same day. On Friday, December 2, dividend payments totaling $0.20 were made to shareholders who were “recorded” as having an account on Friday. The dividend was distributed to the company’s shareholders on the first Thursday of December. This results in a yield of 1.27% and a dividend payment of $0.80 every year due to this situation. The current value of Nasdaq’s dividend payout ratio, also known as the DPR, is 35.04%.
On Tuesday, November 8, Executive Vice President Bradley J. Peterson made a sale of 13,596 shares of Nasdaq’s stock. This was one of the latest developments about the Nasdaq. A total of $883,740.00 worth of stock changed hands, and it was purchased and sold at an average price of $65.00 per share. Following the completion of the transaction, the executive vice president will have a total of 122,169 shares in the company, each of which is estimated to be worth approximately $7,940,985. The transaction was discussed in a document distributed by the SEC and is currently available on the website of the SEC. According to other news on the Nasdaq from December 21, it was reported that Executive Vice President Jeremy Skule sold 2,100 shares of the company’s stock. The sale of the shares was completed at an average price of $60.45 per share, which led to a total sale of 126,945.00 dollars. After the completion of the transaction, the executive vice president now owns 74,667 shares of the company. Based on the current stock price, these shares are estimated to be worth approximately $4,513,620.15. The transaction was discussed in a document distributed by the SEC and is currently available on the website of the SEC. Bradley J. Peterson, the company’s Executive Vice President, sold a total of 13,596 shares of the company’s stock on November 8. The value of the traded stock was $883,740.00, purchased at an average price of $65.00 per share. The current value of the executive vice president’s stake in the company is approximately $7,940,985, equal to 122,169 shares. Disclosures that are related to the sale might be found in this section of the website. Insiders of the company sold 19,896 shares during the most recent fiscal quarter, bringing in total revenue of $1,267,515. The company’s workforce collectively owns 0.68 percent of the business.
Read More: Jefferies Financial Group predicts Nasdaq, Inc. (NASDAQ:NDAQ) will earn $0.65 per share