FY2024 Earnings Estimate for Nasdaq Issued By William Blair

Nasdaq, Inc. (NASDAQ:NDAQ) – Analysts at William Blair issued their FY2024 earnings per share estimates for Nasdaq in a report issued on Monday, November 25th. William Blair analyst J. Schmitt forecasts that the financial services provider will post earnings of $2.78 per share for the year. 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 $0.72 EPS, FY2025 earnings at $3.10 EPS and FY2026 earnings at $3.50 EPS.

Nasdaq (NASDAQ:NDAQ) last posted its earnings results on Thursday, October 24th. The financial services provider reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.05. The firm had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.17 billion. Nasdaq had a net margin of 13.67% and a return on equity of 14.56%. The firm’s revenue for the quarter was up 21.9% on a year-over-year basis. During the same period last year, the firm posted $0.71 EPS.

A number of other equities analysts have also recently weighed in on the company. Piper Sandler boosted their price target on Nasdaq from $73.00 to $80.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. Morgan Stanley lifted their price objective on Nasdaq from $92.00 to $93.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. TD Cowen reduced their target price on shares of Nasdaq from $81.00 to $80.00 and set a “hold” rating on the stock in a report on Monday, October 28th. Argus lifted their price target on shares of Nasdaq from $76.00 to $82.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Finally, Bank of America cut their price objective on shares of Nasdaq from $90.00 to $88.00 and set a “buy” rating for the company in a research report on Thursday, October 3rd. Six research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, Nasdaq has a consensus rating of “Moderate Buy” and a consensus price target of $80.87.

Nasdaq Trading Up 1.4 %

Shares of Nasdaq stock opened at $82.65 on Wednesday. Nasdaq has a 1 year low of $53.62 and a 1 year high of $83.04. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.95 and a quick ratio of 0.95. The business has a 50 day moving average price of $75.27 and a 200 day moving average price of $68.30. The company has a market capitalization of $47.50 billion, a P/E ratio of 49.49, a P/E/G ratio of 3.17 and a beta of 0.95.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of NDAQ. Wellington Management Group LLP increased its holdings in Nasdaq by 163.3% during the 3rd quarter. Wellington Management Group LLP now owns 38,833,510 shares of the financial services provider’s stock worth $2,835,235,000 after purchasing an additional 24,084,154 shares during the last quarter. State Street Corp increased its stake in shares of Nasdaq by 11.2% in the third quarter. State Street Corp now owns 17,951,698 shares of the financial services provider’s stock worth $1,310,653,000 after buying an additional 1,811,616 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Nasdaq by 9.5% in the third quarter. Geode Capital Management LLC now owns 10,761,240 shares of the financial services provider’s stock worth $783,181,000 after buying an additional 932,665 shares during the last quarter. Harris Associates L P raised its holdings in Nasdaq by 14.6% in the third quarter. Harris Associates L P now owns 8,596,022 shares of the financial services provider’s stock valued at $627,596,000 after acquiring an additional 1,096,090 shares in the last quarter. Finally, Farallon Capital Management LLC boosted its stake in Nasdaq by 28.4% during the 1st quarter. Farallon Capital Management LLC now owns 8,436,719 shares of the financial services provider’s stock valued at $532,357,000 after acquiring an additional 1,866,219 shares during the last quarter. Institutional investors and hedge funds own 72.47% of the company’s stock.

Insider Transactions at Nasdaq

In other news, EVP Bradley J. Peterson sold 13,642 shares of Nasdaq stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $75.32, for a total transaction of $1,027,515.44. Following the sale, the executive vice president now owns 142,830 shares in the company, valued at $10,757,955.60. This trade represents a 8.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Jeremy Skule sold 12,000 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $77.92, for a total transaction of $935,040.00. Following the completion of the transaction, the executive vice president now owns 114,580 shares of the company’s stock, valued at $8,928,073.60. This trade represents a 9.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 49,459 shares of company stock valued at $3,811,808 over the last 90 days. Corporate insiders own 0.70% of the company’s stock.

Nasdaq Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be paid a dividend of $0.24 per share. The ex-dividend date is Friday, December 6th. This represents a $0.96 annualized dividend and a yield of 1.16%. Nasdaq’s dividend payout ratio is currently 57.49%.

Nasdaq Company Profile

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.