Company Update: CME Group Inc (NASDAQ:CME) – CME Group earnings beat estimates, but profit falls

[Reuters] – CME Group Inc, the world’s largest futures market operator, reported stronger-than-expected quarterly earnings as higher market data revenues helped offset a decline in trading volumes. Net income attributable … Read more on this. CME Group Inc. (CME) , with a current market cap of $29.79B, began trading this morning at $87.76. Shares have traded today between $87.30 and $88.89 per share with the price of the stock fluctuating between $81.87 to $100.87 over the last 52 weeks. CME shares are currently priced at 22.42x this year’s forecasted earnings, which makes them relatively expensive compared to the industry ’s 11.68x forward p/e ratio. And for passive income investors, the company pays shareholders $2.00 per share annually in dividends, yielding 2.24%. In a review of the consensus earnings estimate this quarter, 15 sell-side analysts are looking at $0.90 per share, which would be $0.05 worse than the year-ago quarter and a $0.01 sequential decrease. Investors should also note that the full-year EPS estimate of $3.85 is a $0.46 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $810.77 Million. If reported, that would be a 3.61% decrease over the year-ago quarter. Recently, JP Morgan upgraded CME from Neutral to Overweight (Jan 13, 2016). Previously, BofA/Merrill upgraded CME from Neutral to Buy. When considering if perhaps the stock is under or overvalued, the average price target is $98.38, which is 12.10% above where the stock opened this morning. See more in (NASDAQ:CME) Similar Articles: Company Update: CME Group Inc (NASDAQ:CME) – CME Group Announces 2016 Annual Meeting Date Market Update: CME Group Inc (NASDAQ:CME) – CME Group profit beats estimates on higher trading revenue Company Update: Micron Technology Inc (NASDAQ:MU) – Chipmaker Micron’s profit, revenue beat estimates