MarketAxess (MKTX) to Release Quarterly Earnings on Thursday

MarketAxess (NASDAQ:MKTX) is anticipated to post its quarterly earnings results before the market opens on Thursday, February 6th. Analysts expect MarketAxess to post earnings of $1.70 per share and revenue of $202.65 million for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

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

MarketAxess Stock Down 1.1 %

Shares of NASDAQ MKTX opened at $218.19 on Tuesday. MarketAxess has a twelve month low of $192.42 and a twelve month high of $296.68. The stock’s 50 day moving average price is $231.12 and its 200-day moving average price is $247.67. The company has a market capitalization of $8.23 billion, a PE ratio of 29.57, a PEG ratio of 4.48 and a beta of 1.02.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft boosted their target price on MarketAxess from $258.00 to $264.00 and gave the stock a “hold” rating in a research note on Monday, November 11th. Piper Sandler dropped their price objective on MarketAxess from $265.00 to $240.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 7th. UBS Group upped their price objective on MarketAxess from $330.00 to $335.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Keefe, Bruyette & Woods dropped their price objective on MarketAxess from $255.00 to $251.00 and set a “market perform” rating on the stock in a research note on Monday, January 13th. Finally, Barclays dropped their price objective on MarketAxess from $260.00 to $256.00 and set an “equal weight” rating on the stock in a research note on Monday, January 13th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $267.00.

Insider Buying and Selling

In other news, Chairman Richard M. Mcvey sold 10,000 shares of the business’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $267.67, for a total transaction of $2,676,700.00. Following the completion of the sale, the chairman now owns 562,029 shares of the company’s stock, valued at $150,438,302.43. The trade was a 1.75 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, General Counsel Scott Pintoff sold 300 shares of the company’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 of the company’s stock, valued at $1,997,212.14. This represents a 3.49 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 30,300 shares of company stock worth $8,183,871 in the last three months. 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.