117.40 0.00 (0.00%)
After hours: 4:52PM EST
|Bid||117.30 x 1000|
|Ask||117.30 x 800|
|Day's range||115.87 - 117.48|
|52-week range||87.87 - 122.88|
|Beta (3Y monthly)||0.01|
|PE ratio (TTM)||25.77|
|Earnings date||6 Feb 2020 - 10 Feb 2020|
|Forward dividend & yield||1.44 (1.24%)|
|1y target est||121.00|
CBOE (CBOE) delivered earnings and revenue surprises of 11.21% and 1.37%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
Mark Hemsley, one of the best-known trading executives in London, is to retire as president of CBOE Europe, the region’s largest share trading venue. Mr Hemsley, 57, is due to step down in February next year after 11 years with the company. CBOE has appointed David Howson, CBOE Europe’s chief operating officer, to the role, it said in a statement on Friday.
(Bloomberg) -- Cboe Global Markets Inc. is sticking to its focus on organic growth in the wake of Hong Kong Exchanges & Clearing Ltd.’s failed bid for London Stock Exchange Group Plc.“Our disciplined approach to M&A hasn’t changed,” Cboe CEO Ed Tilly said in emailed remarks. “We’re always assessing the industry landscape but are more focused right now on organic growth, where we think we’re well-positioned.”HKEx’s $36 billion offer for LSE underscored the momentum toward industry consolidation as profit pressure mounts along with the demands of new technology. LSE is now pressing ahead with its $27 billion deal for data firm Refinitiv. Euronext NV has expressed interest in “transformational” deals and Deutsche Boerse AG has a war chest of around $2.2 billion; Singapore Exchange Ltd. says it’s eyeing acquisitions in fintech and those that complement its existing capabilities.Cboe’s last major deal was its $3.2 billion purchase of Bats Global Markets Holdings Inc., agreed in 2016, just a few months after Bats went public. Bloomberg News reported in February that Cboe was considering buying Bids Trading LP, which runs one of the largest U.S. dark pools.Read: ETF Gold Mine Is Prize in CBOE’s $3.2 Billion Bats AcquisitionCboe’s shares have risen about 20% year to date, roughly in line with the S&P 500. Rivals Intercontinental Exchange Inc. and CME Group Inc. are up about 25% and 10% respectively. It is rated “buy” by seven analysts tracked by Bloomberg, with eight “holds” and one “sell.” the consensus target price is about $122, versus the stock’s close Wednesday at $116.64.Analyst Alex Kramm of UBS Group AG rates Chicago-based Cboe a “hold” given a forecast that transaction fees will move lower, and volume for proprietary products may be pressured in the near-term.\--With assistance from Viren Vaghela.To contact the reporter on this story: Joanna Ossinger in Singapore at firstname.lastname@example.orgTo contact the editors responsible for this story: Christopher Anstey at email@example.com, James Hertling, Samuel PotterFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Cboe Global's (CBOE) third-quarter results are likely to have benefited from strong market position and strength in its proprietary products
Intercontinental Exchange's (ICE) third-quarter earnings are likely to have benefited from higher revenues and accretion from strategic acquisitions.
CME Group (CME) Q3 earnings are likely to have benefited from expanded futures products, OTC offerings and higher clearing and transaction fees.
CBOE (CBOE) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Nasdaq's (NDAQ) third-quarter earnings are likely to have benefited from expansion of index and analytics businesses, growth in exchange data products across U.S. and Nordic equities.
CBOE (CBOE) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Intercontinental (ICE) posts 12% rise in Q3 average daily volume while solid September volumes are attributable to higher Commodities and Financial ADV.
Intercontinental (ICE) is poise to grow on solid portfolio of products, cost synergies and sturdy capital position. However, rising expense ail.
Cboe Global's (CBOE) Options, Futures and U.S. Equities volume reflect year-over-year increase in August. However, European Equities and global forex decline.