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Taking a Closer Look at MarketAxess' (MKTX) 9.8% 2-Day Rally
MarketAxess (MKTX) achieves record November trading volumes in Eurobonds, reaching $43.7 billion.
Why MarketAxess Holdings Rocketed Higher Again Today
An analyst raised his price target on the shares. This was a double-digit raise, from $270 to $300 per share.
Why MarketAxess Holdings Crushed the Market Today
Trading volume was heavy in November. The more trades MarketAxess facilitiates, the better it tends to do.
Down 7% In The Last Three Month, Can MarketAxess Stock Turn Into A Winner?
MarketAxess saw its stock trading at around $256 at the end of June 2022, just before the Fed started increasing rates, and is trading 9% below that level now.
MarketAxess Holdings, Inc. (MKTX) Q3 2023 Earnings Call Transcript
MarketAxess Holdings, Inc. (NASDAQ:MKTX ) Q3 2023 Earnings Conference Call October 25, 2023 10:00 AM ET Company Participants Stephen Davidson - Head of Investor Relations Chris Concannon - Chief Executive Officer Richard Schiffman - Global Head of Trading Solutions Christopher Gerosa - Chief Financial Officer Conference Call Participants Christopher Allen - Citigroup Patrick Moley - Piper Sandler Alex Kramm - UBS Benjamin Budish - Barclays Capital Daniel Fannon - Jefferies Brian Bedell - Deutsche Bank Simon Clinch - Redburn Atlantic Kyle Voigt - KBW Michael Cyprys - Morgan Stanley Alexander Blostein - Goldman Sachs Patrick O'Shaughnessy - Raymond James Operator Ladies and gentlemen, thank you for standing by. Welcome to the MarketAxess Third Quarter 2023 Earnings Conference Call.
MarketAxess (MKTX) Q3 Earnings Miss on Higher Expenses
MarketAxess (MKTX) anticipates expenses between $432 million and $438 million for this year, the mid-point of which indicates an 11.1% increase from the 2022 reported figure.
MarketAxess (MKTX) Lags Q3 Earnings and Revenue Estimates
MarketAxess (MKTX) came out with quarterly earnings of $1.46 per share, missing the Zacks Consensus Estimate of $1.49 per share. This compares to earnings of $1.58 per share a year ago.
Will High Expenses Hurt MarketAxess (MKTX) in Q3 Earnings?
MarketAxess' (MKTX) Q3 results are expected to suffer from increased expenses and reduced trading volume in the rates product line, partly offset by strong growth in variable transaction fees.
MarketAxess to Host Conference Call Announcing Third Quarter 2023 Financial Results on Wednesday, October 25, 2023
NEW YORK--(BUSINESS WIRE)--MarketAxess Holdings Inc. (Nasdaq: MKTX) the operator of a leading electronic trading platform for fixed-income securities, will issue a press release announcing its third quarter 2023 financial results on Wednesday, October 25, 2023, before the market opens. Chris Concannon, Chief Executive Officer, Richard Schiffman, Global Head of Trading Solutions and Christopher Gerosa, Chief Financial Officer, will host a conference call to discuss the Company's financial result.
MarketAxess: Bullish Trajectory Appears To Be Gaining Momentum
MarketAxess Holdings Inc. has retested its support level and is assuming a bullish trajectory, making it a potential buy. The company's launch of open trading for local currency bonds in emerging markets could increase revenue and market share. MarketAxess has a solid business model, strong financial footing, and positive technical indicators, making it an attractive investment opportunity.
MKTX Financial details
MKTX Financial Performance
Yearly Fundamentals Overview
Last date of statement is 2022-12-31
|Revenue per share||11.79||13.79||18.45||18.63||19.17|
|Net income per share||4.68||5.53||8.01||6.88||6.68|
|Operating cash flow per share||6.06||7.17||10.83||7.52||7.72|
|Free cash flow per share||4.77||6.24||9.61||6.17||6.33|
|Cash per share||6.66||7.28||12.34||13.81||12.4|
|Book value per share||16.45||20.77||25.56||27.76||28.85|
|Tangible book value per share||14.75||15.16||19.07||20.53||22.11|
|Share holders equity per share||16.45||20.77||25.56||27.76||28.85|
|Interest debt per share||0||5.28||5.04||4.74||4.43|
|Price to sales ratio||17.93||27.49||30.93||22.07||14.55|
|EV to sales||17.36||27.16||30.4||21.47||14.06|
|Enterprise value over EBITDA||32.95||51.49||51.21||38.7||25.23|
|EV to operating cash flow||33.78||52.22||51.79||53.2||34.92|
|EV to free cash flow||42.89||60.05||58.37||64.83||42.56|
|Free cash flow yield||0.02||0.02||0.02||0.02||0.02|
|Debt to equity||0||0.25||0.2||0.17||0.15|
|Debt to assets||0||0.21||0.14||0.12||0.1|
|Net debt to EBITDA||-1.07||-0.64||-0.9||-1.08||-0.87|
|Sales general and administrative to revenue||0.16||0.16||0.13||0.16||0.17|
|Research and developement to revenue||0||0||0||0||0|
|Intangibles to total assets||0.09||0.22||0.18||0.18||0.16|
|Capex to operating cash flow||-0.21||-0.13||-0.11||-0.18||-0.18|
|Capex to revenue||-0.11||-0.07||-0.07||-0.07||-0.07|
|Capex to depreciation||-2.06||-1.06||-1.07||-0.84||-0.77|
|Stock based compensation to revenue||0.04||0.05||0.04||0.04||0.04|
|Return on tangible assets||0.27||0.27||0.27||0.2||0.18|
|Tangible asset value||545.2M||562.25M||712.32M||770.14M||828.24M|
|Net current asset value||216.2M||178.07M||522.75M||567.04M||578.09M|
|Days sales outstanding||48.21||44.27||190.41||246.6||281.91|
|Days payables outstanding||98.23||53.73||93.31||152.09||110.77|
|Days of inventory on hand||-75.16||0||0||0||-178.23|
|Capex per share||-1.29||-0.94||-1.22||-1.35||-1.38|
Quarterly Fundamentals Overview
Last date of statement is 2023-06-30 for Q2
|Revenue per share||4.86||4.59||4.75||5.42||4.8|
|Net income per share||1.78||1.58||1.58||1.96||1.6|
|Operating cash flow per share||2.5||2.27||3.58||0.2||2.81|
|Free cash flow per share||2.22||1.94||3.1||-0.09||2.78|
|Cash per share||8.66||9.39||12.4||9.97||10.58|
|Book value per share||26.67||27.18||28.84||29.93||31.08|
|Tangible book value per share||19.73||20.39||22.1||23.28||24.56|
|Share holders equity per share||26.67||27.18||28.84||29.93||31.08|
|Interest debt per share||4.57||4.45||2.21||4.34||4.27|
|Price to sales ratio||52.72||48.45||58.76||72.18||54.49|
|EV to sales||51.6||47.08||56.8||70.94||52.73|
|Enterprise value over EBITDA||89.64||87.25||106.13||125.57||98.77|
|EV to operating cash flow||100.42||95.22||75.28||1.91K||89.97|
|EV to free cash flow||112.99||111.63||87.03||-4.26K||90.88|
|Free cash flow yield||0.01||0.01||0.01||0||0.01|
|Debt to equity||0.17||0.16||0.08||0.15||0.14|
|Debt to assets||0.11||0.11||0.05||0.1||0.1|
|Net debt to EBITDA||-1.95||-2.53||-3.66||-2.19||-3.3|
|Sales general and administrative to revenue||0.16||0.17||0.18||0.16||0.17|
|Research and developement to revenue||0||0||0||0||0|
|Intangibles to total assets||0.17||0.16||0.16||0.15||0.15|
|Capex to operating cash flow||-0.11||-0.15||-0.14||-1.45||-0.01|
|Capex to revenue||-0.06||-0.07||-0.1||-0.05||-0.01|
|Capex to depreciation||-0.63||-0.76||-1.05||-0.61||-0.06|
|Stock based compensation to revenue||0.04||0.04||0.04||0.04||0|
|Return on tangible assets||0.05||0.05||0.04||0.05||0.04|
|Tangible asset value||740.41M||764.06M||828.24M||872.33M||920.49M|
|Net current asset value||544.25M||570.6M||578.09M||601.62M||648.76M|
|Days sales outstanding||348.33||351.51||280.66||291.68||286.6|
|Days payables outstanding||84.77||95.14||112.76||80.3||60.31|
|Days of inventory on hand||-174.24||-193.47||-181.44||0||0|
|Capex per share||-0.28||-0.33||-0.48||-0.29||-0.03|
MKTX Frequently Asked Questions
What is MarketAxess Holdings Inc. stock symbol ?
MarketAxess Holdings Inc. is a US stock , located in New york of Ny and trading under the symbol MKTX
Is MarketAxess Holdings Inc. buy or a sell ?
14 stock analysts have 14 predictions with a medium analyst target price of $316.57. The lowest prediction is $240 and the highest is $402
What is MKTX stock prediction ?
What is MarketAxess Holdings Inc. stock quote today ?
MarketAxess Holdings Inc. stock price is $261.68 today.
Is MarketAxess Holdings Inc. stock public?
Yes, MarketAxess Holdings Inc. is a publicly traded company.