Revenue Update on CBOE Holdings Inc(NASDAQ:CBOE)

CBOE Holdings Inc(NASDAQ:CBOE) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-Market on Feb 6, 2017. Company reported revenue of $163.241M. Analysts estimated a revenue of $160.100M. The revenues were 1.96% above the estimates. Earnings per share were $0.63. The reported EPS was above estimates by 5%. Analysts had estimated an EPS of $0.6.

In a different note, On Dec 20, 2016, Deutsche Bank said it Downgrades its rating on CBOE Holdings Inc. The shares have been rated ‘Sell’ by the firm.

CBOE Holdings Inc (CBOE) made into the market gainers list on Tuesdays trading session with the shares advancing 1.80% or 1.4 points. Due to strong positive momentum, the stock ended at $79.19, which is also near the day’s high of $80.1. The stock began the session at $78.54 and the volume stood at 15,72,833 shares. The 52-week high of the shares is $80.1 and the 52 week low is $58.43. The company has a current market capitalization of $6,439 M and it has 8,13,05,860 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Dec 14, 2016, Edward T Tilly (Chief Executive Officer) sold 6,250 shares at $76.79 per share price.Also, On Jun 16, 2016, Gerald T O’connell (Executive VP and CIO) sold 14,909 shares at $65.00 per share price.On Jun 8, 2016, William J Brodsky (director) sold 5,000 shares at $62.82 per share price, according to the Form-4 filing with the securities and exchange commission.

CBOE Holdings Inc. is a holding company. The Company’s principal business is operating markets that offer for trading options on various market indexes (index options) on an exclusive basis and futures contracts as well as on non-exclusive multiply listed options such as options on the stocks of individual corporations (equity options) and options on other exchange-traded products (ETP options) such as exchange-traded funds (ETF options) and exchange-traded notes (ETN options). The Company operates three stand-alone exchanges. CBOE is the Company’s options market and offers trading in listed options through a single system that integrates electronic trading and open outcry trading. The options contracts listed for trading include options on indexes equities and ETPs.

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