MarketAxess Holdings (MKTX) Releases Earnings Results, Beats Expectations By $0.03 EPS

MarketAxess Holdings (MKTX) reported quarterly earnings results on Thursday, Jul-28-2016. The company said it had a profit of $0.88 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.03. Analysts had a consensus of $0.85. The company posted revenue of $96.60 million in the period, compared to analysts expectations of $93.73 million. The company’s revenue was up 27.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.64 EPS.

Many Wall Street Analysts have commented on MarketAxess Holdings. MarketAxess Holdings was Downgraded by Raymond James to ” Mkt Perform” on Jul 15, 2016.

MarketAxess Holdings opened for trading at $152.76 and hit $159.85 on the upside on Thursday, eventually ending the session at $159.76, with a gain of 3.88% or 5.96 points. The heightened volatility saw the trading volume jump to 3,34,264 shares. Company has a market cap of $6,001 M.

In a different news, on May 25, 2016, David G Gomach (director) sold 4,923 shares at $139.25 per share price. According to the SEC, on May 11, 2016, Stephen P Casper (director) sold 365 shares at $127.69 per share price. On May 11, 2016, Richard M Mcvey (Chairman & CEO) sold 80,000 shares at $127.45 per share price, according to the Form-4 filing with the securities and exchange commission.

MarketAxess Holdings Inc. (MarketAxess) is an electronic trading platform. The Company operates as an electronic multi-party platform for the trading of fixed-income securities and provides related data analytics compliance tools and post-trade services. The Company offers its broker-dealer clients a solution that allows them to reach institutional investor clients for the distribution and trading of bonds. The Company’s trading platform provides access to global liquidity in United States high-grade corporate bonds emerging markets and high-yield bonds European bonds United States agency bonds credit derivatives and other fixed-income securities. The Company’s multi-dealer trading platform allows its institutional investor clients to request bids or offers from multiple broker-dealers and to execute trades with the broker-dealer of their choice. The Company offers various services including Information Services Post-Trade Services and Straight-Through Processing.

MarketAxess Holdings

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