Analysts Expect Intercontinental Exchange, Inc. (NYSE:ICE) to Announce $1.42 EPS

Equities analysts predict that Intercontinental Exchange, Inc. (NYSE:ICE – Get Rating) will announce earnings per share (EPS) of $1.42 for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Intercontinental Exchange’s earnings, with estimates ranging from $1.39 to $1.47. Intercontinental Exchange reported earnings of $1.34 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 6%. The firm is scheduled to issue its next quarterly earnings report before the market opens on Monday, January 1st.

On average, analysts expect that Intercontinental Exchange will report full year earnings of $5.62 per share for the current financial year, with EPS estimates ranging from $5.52 to $5.91. For the next fiscal year, analysts anticipate that the firm will report earnings of $6.10 per share, with EPS estimates ranging from $5.90 to $6.52. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Intercontinental Exchange.

Intercontinental Exchange (NYSE:ICE – Get Rating) last issued its earnings results on Thursday, February 3rd. The financial services provider reported $1.34 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate 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 for the quarter, compared to analysts’ expectations of $1.82 billion. During the same period in the previous year, the firm posted $1.13 earnings per share. The business’s revenue was up 10.1% compared to the same quarter last year.

ICE has been the subject of a number of research reports. StockNews.com initiated coverage on Intercontinental Exchange in a research note on Thursday, March 31st. They set a “hold” rating for the company. Rosenblatt Securities dropped their price target on Intercontinental Exchange from $157.00 to $150.00 and set a “buy” rating for the company in a research note on Thursday, April 14th. UBS Group dropped their price target on Intercontinental Exchange from $164.00 to $149.00 in a research note on Friday, February 4th. Raymond James dropped their price target on Intercontinental Exchange from $161.00 to $157.00 and set a “strong-buy” rating for the company in a research note on Wednesday, April 6th. Finally, Citigroup lowered their price objective on Intercontinental Exchange from $160.00 to $152.00 in a research note on Wednesday, April 13th. Four research analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $153.20.

Intercontinental Exchange stock traded down $3.44 during midday trading on Friday, reaching $115.81. 3,641,740 shares of the stock traded hands, compared to its average volume of 3,099,193. The stock’s fifty day moving average is $128.12 and its 200-day moving average is $130.31. Intercontinental Exchange has a 12 month low of $109.04 and a 12 month high of $139.79. The stock has a market cap of $64.90 billion, a P/E ratio of 16.13, a PEG ratio of 2.28 and a beta of 0.84. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.54.

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 31st. Stockholders of record on Thursday, March 17th were issued a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 1.31%. This is an increase from Intercontinental Exchange’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend was Wednesday, March 16th. Intercontinental Exchange’s dividend payout ratio is presently 21.17%.

In other Intercontinental Exchange news, Director Charles R. Crisp sold 3,127 shares of the firm’s stock in a transaction on Wednesday, February 9th. The stock was sold at an average price of $129.70, for a total transaction of $405,571.90. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Warren Gardiner sold 2,034 shares of the firm’s stock in a transaction on Thursday, February 24th. The stock was sold at an average price of $120.95, for a total value of $246,012.30. The disclosure for this sale can be found here. Over the last quarter, insiders sold 90,224 shares of company stock worth $11,688,307. Company insiders own 1.30% of the company’s stock.

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

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.

Featured Articles