MarketAxess (MKTX) to Release Earnings on Wednesday

MarketAxess (NASDAQ:MKTX) is projected to release its earnings data before the market opens on Wednesday, January 29th. Analysts expect MarketAxess to post earnings of $1.84 per share and revenue of $211,350.00 billion for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

MarketAxess (NASDAQ:MKTX) last posted its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $1.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.85 by $0.05. The business had revenue of $206.70 million for the quarter, compared to analyst estimates of $207.17 million. MarketAxess had a return on equity of 20.93% and a net margin of 34.32%. MarketAxess’s revenue for the quarter was up 20.0% compared to the same quarter last year. During the same period last year, the company earned $1.46 EPS. On average, analysts expect MarketAxess to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

MarketAxess Stock Performance

NASDAQ:MKTX opened at $224.43 on Monday. MarketAxess has a fifty-two week low of $192.42 and a fifty-two week high of $296.68. The firm has a market cap of $8.46 billion, a PE ratio of 30.41, a price-to-earnings-growth ratio of 4.58 and a beta of 1.03. The business has a 50 day moving average price of $236.34 and a 200-day moving average price of $247.59.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Bank of America cut their price target on shares of MarketAxess from $193.00 to $185.00 and set an “underperform” rating on the stock in a report on Thursday, October 3rd. The Goldman Sachs Group boosted their price target on MarketAxess from $204.00 to $233.00 and gave the company a “neutral” rating in a report on Monday, September 30th. Barclays dropped their price objective on MarketAxess from $260.00 to $256.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. Piper Sandler reduced their target price on MarketAxess from $265.00 to $240.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 7th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on MarketAxess from $258.00 to $264.00 and gave the stock a “hold” rating in a research note on Monday, November 11th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $261.30.

Insider Buying and Selling at MarketAxess

In other news, General Counsel Scott Pintoff sold 300 shares of the firm’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $240.57, for a total transaction of $72,171.00. Following the completion of the transaction, the general counsel now directly owns 8,302 shares in the company, valued at $1,997,212.14. This trade represents a 3.49 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Richard M. Mcvey sold 20,000 shares of the company’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $271.75, for a total transaction of $5,435,000.00. Following the completion of the transaction, the chairman now owns 592,029 shares in the company, valued at approximately $160,883,880.75. The trade was a 3.27 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 30,300 shares of company stock valued at $8,183,871. Corporate insiders own 2.66% of the company’s stock.

MarketAxess Company Profile

MarketAxess Holdings Inc, together with its subsidiaries, operates an electronic trading platform for institutional investor and broker-dealer companies worldwide. The company offers trading technology that provides liquidity access in U.S. high-grade bonds, U.S. high-yield bonds, emerging market debt, eurobonds, municipal bonds, U.S.