Intercontinental Exchange Inc. (ICE) To Go Ex-Dividend on June 15th

Intercontinental Exchange Inc. (NYSE:ICE) declared a quarterly dividend on Thursday, February 5th. Stockholders of record on Monday, June 15th will be given a dividend of 0.52 per share by the financial services provider on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Monday, June 15th.

Intercontinental Exchange has raised its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 9 consecutive years. Intercontinental Exchange has a payout ratio of 25.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Intercontinental Exchange to earn $7.52 per share next year, which means the company should continue to be able to cover its $1.92 annual dividend with an expected future payout ratio of 25.5%.

Intercontinental Exchange Stock Up 0.5%

Shares of Intercontinental Exchange stock opened at $169.12 on Friday. The stock has a market capitalization of $96.43 billion, a price-to-earnings ratio of 29.31, a PEG ratio of 2.04 and a beta of 1.02. Intercontinental Exchange has a twelve month low of $143.17 and a twelve month high of $189.35. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 0.64. The business’s 50 day simple moving average is $165.19 and its 200-day simple moving average is $166.51.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings data on Thursday, February 5th. The financial services provider reported $1.71 EPS for the quarter, topping analysts’ consensus estimates of $1.67 by $0.04. The firm had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $2.51 billion. Intercontinental Exchange had a return on equity of 13.99% and a net margin of 26.23%.The firm’s revenue was up 7.8% on a year-over-year basis. During the same period in the prior year, the business earned $1.52 EPS. Equities research analysts forecast that Intercontinental Exchange will post 6.73 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Morgan Stanley set a $180.00 price objective on shares of Intercontinental Exchange and gave the stock an “equal weight” rating in a report on Thursday, January 15th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $211.00 price target on shares of Intercontinental Exchange in a report on Tuesday, January 6th. JPMorgan Chase & Co. reduced their price objective on Intercontinental Exchange from $202.00 to $180.00 and set an “overweight” rating for the company in a research report on Friday, October 31st. Piper Sandler restated an “overweight” rating and issued a $195.00 target price (down from $202.00) on shares of Intercontinental Exchange in a research report on Wednesday, January 14th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Intercontinental Exchange in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $194.60.

Intercontinental Exchange Company Profile

Intercontinental Exchange (NYSE: ICE) is a global operator of exchanges, clearing houses and data services that provides infrastructure for the trading, clearing, settlement and information needs of financial and commodity markets. Founded in 2000 by Jeffrey C. Sprecher as an electronic energy trading platform, the company has grown through organic expansion and acquisitions to operate a broad portfolio of assets spanning listed equities, futures and options, fixed income, and over-the-counter derivatives.