MarketAxess Holdings, Inc. (NASDAQ:MKTX) is expected to report third quarter earnings results, before market open, on Wednesday 28th October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 1.74 per share from revenue of $ 161.42 million.
Looking ahead, the full year income are expected at $ 7.62 per share on the revenues of $ 675.28 million.
Previous Quarter Performance
MarketAxess Holdings, Inc. communicated income for the second quarter of $ 2.20 per share, from the revenue of $ 184.79 million. The quarterly earnings elevated 73.23 percent while revenues raised 47.25 percent compared with the same quarter last year.
According to street consensus, MKTX was expected to report 2Q20 income of $ 2.12 per share from revenue of $ 181.29 million. The bottom line results beat street analysts by $ 0.08 or 3.77 percent, at the same time, top line results outshined analysts by $ 3.50 million or 1.93 percent.
Stock Performance
Shares of MarketAxess Holdings, Inc. traded up $ 25.69 or 4.69 percent on Tuesday, reaching $ 573.00 with volume of 289.80 thousand shares. MarketAxess Holdings, Inc. has traded high as $ 575.46 and has cracked $ 539.87 on the downward trend
According to the previous trading day, closing price of $ 573.00, representing a 98.66 % increase from the 52 week low of $ 275.50 and a 4.89 % decrease over the 52 week high of $ 575.46.
The company has a market capital of $ 21.76 billion and is part of the Financial Services sector and Capital Markets industry.
Recent Analyst recommendations
- On 6th October 2020, maintained by Rosenblatt Securities at Neutral rating, with $ 483.00 target price.
- On 10th September 2020, maintained by Credit Suisse Group at Neutral rating, with $ 492.00 target price.
Recent Stock Dividend Announcement
On July 22, 2020, the board of directors authorized quarterly dividend of $ 0.60 per share to holders of record as of the close of business on August 5, 2020, with payment date of August 19, 2020 and ex-dividend date on August 4, 2020.
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.
