Is It Time To Review Stock News? CME Group Inc. (NASDAQ:CME)

CME Group Inc. (NASDAQ:CME) spotted trading -8.87% off 52-week high price. On the other end, the stock has been noted 27.27% away from the low price over the last 52-weeks. The stock changed 1.98% to recent value of $204.97. The stock transacted 1589311 shares during most recent day however it has an average volume of 1311.35K shares. The company has 358.09M of outstanding shares and 352.31M shares were floated in the market.  

 On Oct. 30, 2019, CME Group Inc. (NASDAQ:CME) notified financial results for the third quarter of 2019.

The company reported revenue of $1.3 billion and operating income of $685 million for the third quarter of 2019.  Net income was $636 million and diluted earnings per share were $1.78.  On an adjusted basis, net income was $679 million and diluted earnings per share were $1.90.  Financial results presented on an adjusted basis for the third quarter of 2019 and 2018 exclude certain items, which are detailed in the reconciliation of non-GAAP results.1

Clients continued to turn to CME Group markets to manage their risk during this period of increased volatility and geopolitical uncertainty, said CME Group Chairman and Chief Executive Officer Terry Duffy.  Our third-quarter average daily volume surpassed 20 million contracts per day, driven by strong, double-digit growth in interest rates, equity index and metals products, as well as robust trading volumes outside of the U.S.  Likewise, our options products and newer, innovative contracts, like SOFR and Micro E-mini Equity futures, contributed to substantial volume growth during the quarter.

Third-quarter 2019 average daily volume (ADV) grew 30% from third-quarter 2018 to 20.2 million contracts per day.  CME Group’s ADV transacted outside the U.S. reached 5.3 million contracts during the quarter, up 40% compared with third-quarter 2018, including 34% growth in Europe, 61% growth in Asia and 87% growth in greater Latin America.

 Its earnings per share (EPS) expected to touch remained -51.00% for this year while earning per share for the next 5-years is expected to reach at 5.28%. CME has an operating margin of 55.10% while its profit margin remained 39.40% for the last 12 months. 

 According to the most recent quarter its current ratio was 1 that represents company’s ability to meet its current financial obligations. The price moved ahead of -1.96% from the mean of 20 days, -3.15% from mean of 50 days SMA and performed 6.40% from mean of 200days price. Company’s performance for the week was 1.35%, -2.73% for month and YTD performance remained 8.96%.

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