Analysts expect Intercontinental Exchange Inc (NYSE:ICE) to report $0.98 earnings per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Intercontinental Exchange’s earnings. The highest EPS estimate is $1.01 and the lowest is $0.95. Intercontinental Exchange reported earnings per share of $0.94 in the same quarter last year, which would suggest a positive year-over-year growth rate of 4.3%. The business is scheduled to report its next earnings report on Thursday, February 6th.
On average, analysts expect that Intercontinental Exchange will report full year earnings of $3.90 per share for the current fiscal year, with EPS estimates ranging from $3.79 to $3.98. For the next fiscal year, analysts expect that the company will report earnings of $4.23 per share, with EPS estimates ranging from $4.16 to $4.36. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Intercontinental Exchange.
Intercontinental Exchange (NYSE:ICE) last announced its earnings results on Thursday, October 31st. The financial services provider reported $1.06 EPS for the quarter, beating the consensus estimate of $0.95 by $0.11. Intercontinental Exchange had a return on equity of 12.79% and a net margin of 31.97%. The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same period in the prior year, the business posted $0.85 earnings per share. Intercontinental Exchange’s revenue was up 11.3% compared to the same quarter last year.
ICE has been the subject of several analyst reports. Oppenheimer initiated coverage on Intercontinental Exchange in a report on Monday, September 16th. They set an “outperform” rating and a $100.00 target price for the company. Wells Fargo & Co reaffirmed a “hold” rating on shares of Intercontinental Exchange in a report on Thursday, October 31st. UBS Group set a $108.00 target price on Intercontinental Exchange and gave the company a “buy” rating in a report on Friday, November 1st. Citigroup set a $101.00 target price on Intercontinental Exchange and gave the company a “hold” rating in a report on Monday, October 21st. Finally, JPMorgan Chase & Co. upped their target price on Intercontinental Exchange from $97.00 to $98.00 and gave the company an “overweight” rating in a report on Wednesday, September 18th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $96.54.
In related news, General Counsel Andrew J. Surdykowski sold 1,100 shares of the stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $93.82, for a total value of $103,202.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Scott A. Hill sold 38,305 shares of the stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $94.03, for a total value of $3,601,819.15. Following the completion of the sale, the chief financial officer now directly owns 185,225 shares of the company’s stock, valued at $17,416,706.75. The disclosure for this sale can be found here. Over the last three months, insiders sold 95,413 shares of company stock valued at $8,932,324. Company insiders own 1.50% of the company’s stock.
A number of institutional investors have recently made changes to their positions in ICE. Man Group plc raised its stake in shares of Intercontinental Exchange by 9.2% during the 3rd quarter. Man Group plc now owns 982,270 shares of the financial services provider’s stock worth $90,635,000 after purchasing an additional 83,078 shares in the last quarter. Voloridge Investment Management LLC raised its stake in shares of Intercontinental Exchange by 308.8% during the 3rd quarter. Voloridge Investment Management LLC now owns 250,236 shares of the financial services provider’s stock worth $23,089,000 after purchasing an additional 189,024 shares in the last quarter. National Pension Service raised its stake in shares of Intercontinental Exchange by 5.0% during the 3rd quarter. National Pension Service now owns 696,527 shares of the financial services provider’s stock worth $64,269,000 after purchasing an additional 33,286 shares in the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of Intercontinental Exchange by 0.4% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 418,903 shares of the financial services provider’s stock worth $38,652,000 after purchasing an additional 1,806 shares in the last quarter. Finally, Integrated Wealth Concepts LLC purchased a new stake in shares of Intercontinental Exchange during the 3rd quarter worth about $206,000. 89.32% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE ICE traded down $0.87 during mid-day trading on Monday, hitting $93.30. 2,039,563 shares of the company traded hands, compared to its average volume of 2,420,636. Intercontinental Exchange has a 1 year low of $69.69 and a 1 year high of $95.56. The stock has a market capitalization of $52.44 billion, a price-to-earnings ratio of 25.99, a PEG ratio of 2.92 and a beta of 0.47. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.39. The business has a 50 day moving average of $92.93 and a two-hundred day moving average of $90.12.
About Intercontinental Exchange
Intercontinental Exchange, Inc operates regulated exchanges, clearing houses, and listings venues for commodity, financial, fixed income, and equity markets in the United States, the United Kingdom, European Union, Asia, Israel, and Canada. It operates through two segments, Trading and Clearing; and Data and Listings.
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