Intercontinental Exchange, Inc. to Post Q3 2022 Earnings of $1.36 Per Share, Jefferies Financial Group Forecasts (NYSE:ICE)

Intercontinental Exchange, Inc. (NYSE:ICEGet Rating) – Research analysts at Jefferies Financial Group decreased their Q3 2022 earnings per share (EPS) estimates for shares of Intercontinental Exchange in a research report issued on Monday, April 11th. Jefferies Financial Group analyst D. Fannon now forecasts that the financial services provider will earn $1.36 per share for the quarter, down from their prior forecast of $1.37. Jefferies Financial Group also issued estimates for Intercontinental Exchange’s Q4 2022 earnings at $1.43 EPS.

Intercontinental Exchange (NYSE:ICEGet Rating) last announced its quarterly earnings data on Thursday, February 3rd. The financial services provider reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.32 by $0.02. Intercontinental Exchange had a return on equity of 13.62% and a net margin of 44.26%. The firm had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.82 billion. During the same quarter in the prior year, the company earned $1.13 EPS. The business’s revenue for the quarter was up 10.1% on a year-over-year basis.

Several other research firms have also issued reports on ICE. Deutsche Bank Aktiengesellschaft lifted their price objective on Intercontinental Exchange from $155.00 to $161.00 and gave the company a “buy” rating in a research note on Thursday, April 7th. Zacks Investment Research lowered shares of Intercontinental Exchange from a “buy” rating to a “hold” rating and set a $137.00 target price on the stock. in a report on Friday, January 14th. UBS Group decreased their price target on Intercontinental Exchange from $164.00 to $149.00 in a research note on Friday, February 4th. StockNews.com initiated coverage on shares of Intercontinental Exchange in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, Citigroup lowered their price objective on shares of Intercontinental Exchange from $160.00 to $152.00 in a research note on Wednesday. Four equities research analysts have rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Intercontinental Exchange presently has an average rating of “Buy” and a consensus target price of $153.90.

NYSE ICE opened at $125.83 on Wednesday. The firm has a market cap of $70.52 billion, a P/E ratio of 17.53, a price-to-earnings-growth ratio of 2.49 and a beta of 0.84. The company’s 50 day moving average is $129.57 and its 200-day moving average is $130.35. Intercontinental Exchange has a 12-month low of $109.04 and a 12-month high of $139.79. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.54.

Several hedge funds have recently added to or reduced their stakes in the stock. NuWave Investment Management LLC purchased a new position in shares of Intercontinental Exchange during the fourth quarter worth about $25,000. CVA Family Office LLC raised its stake in shares of Intercontinental Exchange by 345.2% during the 4th quarter. CVA Family Office LLC now owns 187 shares of the financial services provider’s stock worth $26,000 after buying an additional 145 shares in the last quarter. Curi Wealth Management LLC acquired a new stake in Intercontinental Exchange in the fourth quarter valued at $27,000. Rather & Kittrell Inc. purchased a new stake in Intercontinental Exchange during the fourth quarter worth about $27,000. Finally, Salem Investment Counselors Inc. purchased a new stake in shares of Intercontinental Exchange during the 4th quarter worth approximately $29,000. Hedge funds and other institutional investors own 87.56% of the company’s stock.

In related news, CEO Jeffrey C. Sprecher sold 10,000 shares of the stock in a transaction that occurred on Tuesday, February 22nd. The stock was sold at an average price of $123.11, for a total value of $1,231,100.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Charles R. Crisp sold 3,127 shares of Intercontinental Exchange stock in a transaction that occurred on Wednesday, February 9th. The shares were sold at an average price of $129.70, for a total transaction of $405,571.90. The disclosure for this sale can be found here. In the last three months, insiders sold 90,224 shares of company stock valued at $11,688,307. Insiders own 1.30% of the company’s stock.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 31st. Stockholders of record on Thursday, March 17th were issued a $0.38 dividend. This is an increase from Intercontinental Exchange’s previous quarterly dividend of $0.33. This represents a $1.52 annualized dividend and a dividend yield of 1.21%. The ex-dividend date was Wednesday, March 16th. Intercontinental Exchange’s dividend payout ratio is 21.17%.

Intercontinental Exchange Company Profile (Get Rating)

Intercontinental Exchange, Inc, together with its subsidiaries, operates regulated exchanges, clearing houses, and listings venues for commodity, financial, fixed income, and equity markets in the United States, the United Kingdom, the European Union, Singapore, Israel, and Canada. It operates through three segments: Exchanges, Fixed Income and Data Services, and Mortgage Technology.

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Earnings History and Estimates for Intercontinental Exchange (NYSE:ICE)

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