Equities Analysts Issue Forecasts for CBOE Holdings, Inc.’s FY2016 Earnings (CBOE)

CBOE Holdings, Inc. (NASDAQ:CBOE) – Research analysts at CLSA dropped their FY2016 EPS estimates for CBOE Holdings in a research report issued on Monday. CLSA analyst R. Rutschow now forecasts that the brokerage will post earnings per share of $2.39 for the year, down from their prior forecast of $2.40. CLSA also issued estimates for CBOE Holdings’ Q4 2016 earnings at $0.61 EPS, Q1 2017 earnings at $0.63 EPS and FY2018 earnings at $3.20 EPS.

CBOE Holdings (NASDAQ:CBOE) last posted its earnings results on Friday, October 28th. The company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.02. The firm earned $456.20 million during the quarter, compared to analyst estimates of $159.44 million. CBOE Holdings had a net margin of 29.92% and a return on equity of 73.40%. CBOE Holdings’s revenue was down 16.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.76 EPS.

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Earnings History and Estimates for CBOE Holdings (NASDAQ:CBOE)

Several other research analysts have also issued reports on CBOE. Zacks Investment Research raised shares of CBOE Holdings from a “hold” rating to a “buy” rating and set a $85.00 target price on the stock in a research note on Tuesday. J P Morgan Chase & Co raised shares of CBOE Holdings from a “neutral” rating to an “overweight” rating and raised their target price for the company from $78.00 to $84.00 in a research note on Friday, December 2nd. Jefferies Group reaffirmed a “hold” rating and issued a $62.00 target price on shares of CBOE Holdings in a research note on Tuesday, September 27th. Royal Bank Of Canada lowered shares of CBOE Holdings from an “outperform” rating to a “sector perform” rating and reduced their target price for the company from $78.00 to $68.00 in a research note on Tuesday, September 27th. Finally, Keefe, Bruyette & Woods raised their target price on shares of CBOE Holdings from $65.00 to $71.50 and gave the company a “market perform” rating in a research note on Tuesday, September 27th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company. CBOE Holdings presently has a consensus rating of “Hold” and a consensus target price of $67.56.

CBOE Holdings (NASDAQ:CBOE) traded down 0.12% on Wednesday, reaching $73.59. 216,156 shares of the company’s stock were exchanged. The firm has a 50-day moving average of $73.00 and a 200-day moving average of $68.46. The firm has a market capitalization of $5.98 billion, a price-to-earnings ratio of 31.58 and a beta of 0.62. CBOE Holdings has a 12 month low of $58.43 and a 12 month high of $77.29.

Institutional investors have recently modified their holdings of the company. Price T Rowe Associates Inc. MD increased its position in shares of CBOE Holdings by 1.9% in the third quarter. Price T Rowe Associates Inc. MD now owns 10,743,170 shares of the company’s stock worth $696,695,000 after buying an additional 199,463 shares during the last quarter. BlackRock Fund Advisors increased its position in shares of CBOE Holdings by 3.8% in the third quarter. BlackRock Fund Advisors now owns 3,104,751 shares of the company’s stock worth $201,343,000 after buying an additional 114,361 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its position in shares of CBOE Holdings by 0.5% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 2,471,910 shares of the company’s stock worth $160,303,000 after buying an additional 11,822 shares during the last quarter. Lazard Asset Management LLC increased its position in shares of CBOE Holdings by 13.9% in the third quarter. Lazard Asset Management LLC now owns 2,181,305 shares of the company’s stock worth $141,457,000 after buying an additional 265,501 shares during the last quarter. Finally, William Blair Investment Management LLC increased its position in shares of CBOE Holdings by 2.4% in the second quarter. William Blair Investment Management LLC now owns 1,710,881 shares of the company’s stock worth $113,979,000 after buying an additional 39,704 shares during the last quarter. Institutional investors and hedge funds own 75.22% of the company’s stock.

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In related news, CEO Edward T. Tilly sold 6,250 shares of the business’s stock in a transaction on Monday, December 12th. The shares were sold at an average price of $76.79, for a total transaction of $479,937.50. Following the transaction, the chief executive officer now directly owns 67,361 shares in the company, valued at $5,172,651.19. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.96% of the company’s stock.

The company also recently announced a quarterly dividend, which was paid on Friday, December 16th. Investors of record on Friday, December 2nd were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.36%. This is an increase from CBOE Holdings’s previous quarterly dividend of $0.23. The ex-dividend date was Wednesday, November 30th. CBOE Holdings’s payout ratio is presently 42.92%.

About CBOE Holdings

CBOE Holdings, Inc is a holding company. The Company’s principal business is operating markets that offer for trading options on various market indexes (index options), on an exclusive basis and futures contracts, as well as on non-exclusive multiply listed options, such as options on the stocks of individual corporations (equity options), and options on other exchange-traded products (ETP options), such as exchange-traded funds (ETF options) and exchange-traded notes (ETN options).

5 Day Chart for NASDAQ:CBOE

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