Deutsche Boerse: stock up after annual results

(CercleFinance.com) - The Deutsche Boerse stock is creeping up over 0.
4%) in Frankfurt in Tuesday afternoon trading, after the German stockmarket operator published adjusted FY EPS that is up 11% at 6.03 euros, four cents above the consensus.

"Revenues and costs were both higher than expected, with Qontigo strong," Bank of America says, which maintains its "buy" rating on the share, believing that "Guidance for FY 20 sounds confident on organic growth."

The German stock exchange group is offering its shareholders a dividend that is up 7% at 2.90 euros per share for 2019, representing a payout ratio of 48% of its net income. It anticipates 2020 adjusted net profit that is up to around 1.20 billion euros.


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