The Oceania Times

Top Menu

  • About us
  • Contact Us
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions

Main Menu

  • Australian Economy
  • Brokers
  • Commodities
  • Currencies
  • Financial Market
  • Gold and Precious Metals
  • Investment
  • Stock Shares
  • About us
  • Contact Us
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions

logo

The Oceania Times

  • Australian Economy
  • Brokers
  • Commodities
  • Currencies
  • Financial Market
  • Gold and Precious Metals
  • Investment
  • Stock Shares
  • Asian shares fall as investors brace for inflation report

  • A-Mark Precious Metals (NASDAQ:AMRK) vs. Maison Luxe (OTCMKTS:MASN) Head-To-Head Comparison

  • Stock Market LIVE: Indices flat; Nifty below 17,500; IT, Media drag

  • The big change coming to Australian inflation after Reserve Bank governor Philip Lowe laughed at

  • South Korean won, Philippines peso lead losses among subdued Asian currencies

Brokers
Home›Brokers›Brokers Offer Predictions for CME Group Inc.’s Q2 2022 Earnings (NASDAQ:CME)

Brokers Offer Predictions for CME Group Inc.’s Q2 2022 Earnings (NASDAQ:CME)

By Megan
June 2, 2022
13
0
Share:

CME Group logo

CME Group Inc. (NASDAQ:CME – Get Rating) – Investment analysts at Jefferies Financial Group increased their Q2 2022 earnings per share estimates for CME Group in a report released on Tuesday, May 31st. Jefferies Financial Group analyst D. Fannon now expects that the financial services provider will earn $1.87 per share for the quarter, up from their previous estimate of $1.85. Jefferies Financial Group currently has a “Buy” rating and a $267.00 target price on the stock. Jefferies Financial Group also issued estimates for CME Group’s Q3 2022 earnings at $1.79 EPS, FY2022 earnings at $7.63 EPS, Q1 2023 earnings at $2.19 EPS, Q2 2023 earnings at $2.05 EPS, Q3 2023 earnings at $1.96 EPS, Q4 2023 earnings at $2.04 EPS and FY2023 earnings at $8.25 EPS.

A number of other brokerages have also recently commented on CME. Argus upgraded CME Group from a “hold” rating to a “buy” rating in a research note on Monday, May 16th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of CME Group from $262.00 to $210.00 in a research note on Thursday, May 19th. Citigroup lifted their price objective on CME Group from $275.00 to $280.00 in a report on Thursday, April 28th. Raymond James upped their price target on shares of CME Group from $240.00 to $265.00 and gave the company an “outperform” rating in a report on Thursday, February 10th. Finally, Compass Point upped their target price on shares of CME Group from $235.00 to $250.00 and gave the company a “neutral” rating in a research note on Thursday, February 10th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $248.47.

NASDAQ:CME opened at $199.37 on Thursday. The firm’s fifty day simple moving average is $220.30 and its 200 day simple moving average is $227.40. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.12. CME Group has a twelve month low of $185.79 and a twelve month high of $256.94. The firm has a market capitalization of $71.66 billion, a price-to-earnings ratio of 26.03, a PEG ratio of 4.12 and a beta of 0.48.

CME Group (NASDAQ:CME – Get Rating) last released its quarterly earnings data on Wednesday, April 27th. The financial services provider reported $2.11 earnings per share for the quarter, beating the consensus estimate of $2.00 by $0.11. The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.33 billion. CME Group had a return on equity of 9.29% and a net margin of 57.98%. The company’s revenue was up 7.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.79 EPS.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 27th. Stockholders of record on Friday, June 10th will be paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date is Thursday, June 9th. CME Group’s dividend payout ratio is presently 52.22%.

In other news, insider Sean Tully sold 3,000 shares of the firm’s stock in a transaction dated Friday, March 11th. The shares were sold at an average price of $229.00, for a total transaction of $687,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.30% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in CME. Norges Bank purchased a new position in shares of CME Group during the fourth quarter valued at $750,203,000. Capital International Investors grew its stake in CME Group by 26.9% during the 4th quarter. Capital International Investors now owns 13,188,121 shares of the financial services provider’s stock valued at $3,013,006,000 after acquiring an additional 2,795,636 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of CME Group by 132.0% in the first quarter. Massachusetts Financial Services Co. MA now owns 3,382,773 shares of the financial services provider’s stock worth $804,626,000 after purchasing an additional 1,924,772 shares in the last quarter. Parnassus Investments LLC boosted its holdings in shares of CME Group by 15.5% during the third quarter. Parnassus Investments LLC now owns 7,097,398 shares of the financial services provider’s stock worth $1,372,495,000 after purchasing an additional 951,681 shares during the period. Finally, TD Asset Management Inc. grew its holdings in shares of CME Group by 224.1% during the 1st quarter. TD Asset Management Inc. now owns 992,012 shares of the financial services provider’s stock valued at $235,960,000 after acquiring an additional 685,884 shares in the last quarter. Institutional investors own 86.71% of the company’s stock.

About CME Group (Get Rating)

CME Group Inc, together with its subsidiaries, operates contract markets for the trading of futures and options on futures contracts worldwide. It offers futures and options products based on interest rates, equity indexes, foreign exchange, agricultural commodities, energy, and metals, as well as fixed income products.

See Also

Earnings History and Estimates for CME Group (NASDAQ:CME)



Receive News & Ratings for CME Group Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for CME Group and related companies with MarketBeat.com’s FREE daily email newsletter.

Source link

Tags12572Q10CMECME GroupEarnings EstimatesFinanceJefferies Financial Group Inc.NASDAQ:CME
Previous Article

Know more about Top Key Players – ...

Next Article

SEC Penalizes Investment Firm Over Revenue Sharing, ...

0
Shares
  • 0
  • +
  • 0
  • 0
  • 0
  • 0

Megan

Related articles More from author

  • Brokers

    Brokers Offer Predictions for Sun Life Financial Inc.’s Q2 2022 Earnings (TSE:SLF)

    July 22, 2022
    By Megan
  • Stock Shares

    Cwm LLC Buys 985 Shares of Equitable Holdings, Inc. (NYSE:EQH)

    July 16, 2022
    By Megan
  • Financial Market

    TCR2 Therapeutics : Appoints Industry and Finance Veteran Eric Sullivan as Chief Financial Officer – Form 8-K

    June 27, 2022
    By Megan
  • Investment

    You Want to Make a Living From Real Estate Investment. When Should You Quit Your Job?

    June 22, 2022
    By Megan
  • Brokers

    Interactive Brokers Group, Inc. (NASDAQ:IBKR) Chairman Thomas Peterffy Sells 20,000 Shares

    May 26, 2022
    By Megan
  • Gold and Precious Metals

    Wheaton Precious Metals Corp. (TSE:WPM) to Post Q2 2022 Earnings of $0.42 Per Share, National Bank Financial Forecasts

    July 23, 2022
    By Megan

Leave a reply Cancel reply

You may interested

  • Stock Shares

    Insider Selling: Edwards Lifesciences Co. (NYSE:EW) VP Sells 1,000 Shares of Stock

  • Brokers

    Brokers Offer Predictions for Biogen Inc.’s FY2022 Earnings (NASDAQ:BIIB)

  • Brokers

    Brokers Issue Forecasts for Kinder Morgan, Inc.’s Q2 2022 Earnings (NYSE:KMI)

  • LATEST REVIEWS

  • TOP REVIEWS

Timeline

  • August 10, 2022

    Asian shares fall as investors brace for inflation report

  • August 10, 2022

    A-Mark Precious Metals (NASDAQ:AMRK) vs. Maison Luxe (OTCMKTS:MASN) Head-To-Head Comparison

  • August 10, 2022

    Stock Market LIVE: Indices flat; Nifty below 17,500; IT, Media drag

  • August 10, 2022

    The big change coming to Australian inflation after Reserve Bank governor Philip Lowe laughed at

  • August 10, 2022

    South Korean won, Philippines peso lead losses among subdued Asian currencies

Best Reviews

Latest News

Stock Shares

Asian shares fall as investors brace for inflation report

People walk past a screen displaying the Hang Seng stock index outside Hong Kong Exchanges, in Hong Kong, China July 19, 2022. REUTERS/Lam Yik Register now for FREE unlimited access ...
  • A-Mark Precious Metals (NASDAQ:AMRK) vs. Maison Luxe (OTCMKTS:MASN) Head-To-Head Comparison

    By Megan
    August 10, 2022
  • Stock Market LIVE: Indices flat; Nifty below 17,500; IT, Media drag

    By Megan
    August 10, 2022
  • The big change coming to Australian inflation after Reserve Bank governor Philip Lowe laughed at

    By Megan
    August 10, 2022
  • South Korean won, Philippines peso lead losses among subdued Asian currencies

    By Megan
    August 10, 2022
  • Recent

  • Popular

  • Comments

  • Asian shares fall as investors brace for inflation report

    By Megan
    August 10, 2022
  • A-Mark Precious Metals (NASDAQ:AMRK) vs. Maison Luxe (OTCMKTS:MASN) Head-To-Head Comparison

    By Megan
    August 10, 2022
  • Stock Market LIVE: Indices flat; Nifty below 17,500; IT, Media drag

    By Megan
    August 10, 2022
  • The big change coming to Australian inflation after Reserve Bank governor Philip Lowe laughed at

    By Megan
    August 10, 2022
  • Asian shares fall as investors brace for inflation report

    By Megan
    August 10, 2022
  • Australian economy survived Covid better than most but recovery could slow, OECD says | Australian ...

    By Megan
    September 14, 2021
  • The Best Online Brokers, According to 5 Financial Experts

    By Megan
    September 14, 2021
  • Is Disaster Looming for Australia’s Economy?

    By Megan
    September 29, 2021

Trending News

  • Stock Shares

    Asian shares fall as investors brace for inflation report

    People walk past a screen displaying the Hang Seng stock index outside Hong Kong Exchanges, in Hong Kong, China July 19, 2022. REUTERS/Lam Yik Register now for FREE unlimited access ...
  • Gold and Precious Metals

    A-Mark Precious Metals (NASDAQ:AMRK) vs. Maison Luxe (OTCMKTS:MASN) Head-To-Head Comparison

    A-Mark Precious Metals (NASDAQ:AMRK – Get Rating) and Maison Luxe (OTCMKTS:MASN – Get Rating) are both small-cap consumer discretionary companies, but which is the superior business? We will compare the ...
  • Stock Shares

    Stock Market LIVE: Indices flat; Nifty below 17,500; IT, Media drag

    Asian markets started on a negative note following a retreat in Wall Street. This was mostly due to the caution ahead of US inflation data that will shape nvestor expectations ...
  • Australian Economy

    The big change coming to Australian inflation after Reserve Bank governor Philip Lowe laughed at

    How Reserve Bank boss getting LAUGHED at on the world stage will radically change Australia’s economy The Australian Bureau of Statistics is trialing a new monthly inflation data series Reserve ...
  • Currencies

    South Korean won, Philippines peso lead losses among subdued Asian currencies

    BENGALURU (Aug 10): Most Asian currencies were subdued on Wednesday, while most stock markets in the region fell, tracking losses on Wall Street, as investors awaited US inflation data later ...
  • About us
  • Contact Us
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© Copyright The Oceania Times. All rights reserved.

SUBSCRIBE TO OUR NEWSLETTER

Get our latest downloads and information first. Complete the form below to subscribe to our weekly newsletter.