Cboe Global Markets Inc. (CBOE)’s latest quarter sales figures and margins explained

At the time of writing, Cboe Global Markets Inc. [CBOE] stock is trading at $181.57, up 1.53%. An important factor to consider is whether the stock is rising or falling in short-term value. The CBOE shares have gain 0.78% over the last week, with a monthly amount drifted -4.56%, and not seem to be holding up well over a long-time horizon.

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On 3, April 2024, Cboe Global Markets Reports Trading Volume for March 2024. In a post published today on Yahoo Finance, Cboe Global Markets, Inc. (Cboe: CBOE), the world’s leading derivatives and securities exchange network, today reported March 2024 trading volume statistics across its global business lines and provided guidance for selected revenue per contract/net revenue capture metrics for the first quarter of 2024.

From an analyst’s perspective:

Cboe Global Markets Inc. [AMEX: CBOE] stock has seen the most recent analyst activity on January 08, 2024, when Barclays upgraded its rating to a Overweight and also boosted its price target to $204 from $189. Previously, Argus downgraded its rating to Hold on November 16, 2023. On October 11, 2023, downgrade downgraded it’s rating to Hold but maintained its price target of $168 on the stock. Barclays initiated its recommendation with a Equal Weight and recommended $146 as its price target on June 28, 2023. Credit Suisse upgraded its rating to Outperform for this stock on January 05, 2023, and downed its price target to $144. In a note dated November 14, 2022, Redburn initiated an Neutral rating.

For the past year, the stock price of Cboe Global Markets Inc. fluctuated between $130.91 and $199.00. Currently, Wall Street analysts expect the stock to reach $147.38 within the next 12 months. Cboe Global Markets Inc. [AMEX: CBOE] shares were valued at $181.57 at the most recent close of the market. An investor can expect a potential drop of -18.83% based on the average CBOE price forecast.

Analyzing the CBOE fundamentals

According to Cboe Global Markets Inc. [AMEX:CBOE], the company’s sales were 3.77B for trailing twelve months, which represents an -3.58% plunge. Gross Profit Margin for this corporation currently stands at 0.5% with Operating Profit Margin at 0.28%, Pretax Profit Margin comes in at 0.28%, and Net Profit Margin reading is 0.2%. To continue investigating profitability, this company’s Return on Assets is posted at 0.1, Equity is 0.2 and Total Capital is 0.17. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.37.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 179.31 points at the first support level, and at 177.04 for the second support level. However, for the 1st resistance point, the stock is sitting at 184.13, and for the 2nd resistance point, it is at 186.69.

Cboe Global Markets Inc. [CBOE] reported earnings per share of $2.06 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $2.03/share, meaning a difference of $0.03 and a surprise factor of 1.50%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $2.06 per share as compared to estimates of $1.86 per share, a difference of $0.2 representing a surprise of 10.80%.

Ratios To Look Out For

Considering the valuation of this stock, the price to sales ratio is 5.08, the price to book ratio is 4.81 and price to earnings (TTM) ratio is 25.44.

Transactions by insiders

Recent insider trading involved Sexton John P, EVP, GC AND CORP SEC, that happened on Mar 11 ’24 when 6968.0 shares were sold. SVP, CHIEF ACCOUNTING OFFICER, Wilkinson Allen completed a deal on Mar 11 ’24 to sell 275.0 shares. Meanwhile, EVP, GLOBAL PRESIDENT Howson Dave sold 5322.0 shares on Feb 20 ’24.

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