MarketAxess Holdings, Inc. (NASDAQ:MKTX) is expected to report second quarter earnings results, before market open, on Wednesday 22nd July 2020.
Analysts polled by Thomson Reuters anticipate second quarter income of $ 2.12 per share.
Looking ahead, the full year income are expected at $ 7.48 per share on the revenues of $ 676.85 million.
Previous Quarter Performance
MarketAxess Holdings, Inc. announced income for the first quarter of $ 1.96 per share, from the revenue of $ 168.98 million. The quarterly earnings surged 41.01 percent while revenues raised 34.69 percent compared with the same quarter last year.
The consensus estimates are income of $ 1.90 per share from $ 167.44 million in revenue. The bottom line results beat street analysts by $ 0.06 or 3.16 percent, at the same time, top line results outshined analysts by $ 1.54 million or 0.92 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of MKTX was $ 533.45, representing a 93.63 % increase from the 52 week low of $ 275.50 and a 5.03 % decrease over the 52 week high of $ 561.68.
The company has a market capital of $ 20.22 billion and is part of the Financial Services sector and Capital Markets industry.
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Recent Analyst recommendations
On 9th July 2020, maintained by Deutsche Bank at Hold rating, with $ 555.00 target price.
On 9th June 2020, maintained by Credit Suisse Group at Neutral rating, with $ 448.00 target price.
On 3rd June 2020, maintained by Rosenblatt Securities at Neutral rating, with $ 465.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.60 per share on April 29, 2020. The dividend were payable on May 27, 2020 to holders of record as of the close of business on May 13, 2020 and ex-dividend date on May 12, 2020.
Conference Call
MarketAxess Holdings, Inc. will be hosting a conference call at 10:00 AM eastern time on 22nd July 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.marketaxess.com
MarketAxess Holdings Inc., together with its subsidiaries, operates an electronic trading platform that enables fixed-income market participants to trade corporate bonds and other types of fixed-income instruments worldwide. It offers institutional investor and broker-dealer firms the access to global liquidity in U.S. high-grade corporate bonds, emerging markets and high-yield bonds, European bonds, U.S.
