Analysts Anticipate Intercontinental Exchange (ICE) Will Post Earnings of $0.88 Per Share

Analysts expect Intercontinental Exchange (NYSE:ICE) to report earnings per share of $0.88 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Intercontinental Exchange’s earnings, with estimates ranging from $0.87 to $0.91. Intercontinental Exchange reported earnings per share of $0.74 during the same quarter last year, which would suggest a positive year over year growth rate of 18.9%. The company is expected to report its next earnings results before the market opens on Thursday, May 3rd.

On average, analysts expect that Intercontinental Exchange will report full-year earnings of $3.57 per share for the current financial year, with EPS estimates ranging from $3.50 to $3.63. For the next year, analysts expect that the company will post earnings of $3.97 per share, with EPS estimates ranging from $3.90 to $4.11. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for Intercontinental Exchange.

How to Become a New Pot Stock Millionaire

Intercontinental Exchange (NYSE:ICE) last released its earnings results on Wednesday, February 7th. The financial services provider reported $0.73 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.01. Intercontinental Exchange had a net margin of 43.09% and a return on equity of 10.83%. The business had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter last year, the company earned $0.71 earnings per share. The firm’s revenue was up .5% on a year-over-year basis.

Several research firms recently weighed in on ICE. Sanford C. Bernstein began coverage on shares of Intercontinental Exchange in a research note on Monday, April 9th. They issued an “outperform” rating and a $85.00 target price for the company. Zacks Investment Research upgraded shares of Intercontinental Exchange from a “hold” rating to a “buy” rating and set a $79.00 target price for the company in a research note on Wednesday. ValuEngine upgraded shares of Intercontinental Exchange from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Deutsche Bank increased their target price on shares of Intercontinental Exchange from $80.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, April 6th. Finally, Berenberg Bank began coverage on shares of Intercontinental Exchange in a research note on Thursday, January 25th. They issued a “buy” rating and a $90.00 target price for the company. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $78.36.

In other news, insider Dean S. Mathison sold 1,042 shares of Intercontinental Exchange stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of $75.79, for a total value of $78,973.18. Following the completion of the transaction, the insider now owns 12,485 shares in the company, valued at $946,238.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Scott A. Hill sold 14,772 shares of Intercontinental Exchange stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $75.00, for a total transaction of $1,107,900.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 229,548 shares of company stock valued at $16,812,759. Corporate insiders own 1.50% of the company’s stock.

Several large investors have recently bought and sold shares of ICE. Pinnacle Wealth Planning Services Inc. bought a new position in shares of Intercontinental Exchange in the fourth quarter valued at approximately $109,000. Valeo Financial Advisors LLC raised its stake in shares of Intercontinental Exchange by 257.6% in the fourth quarter. Valeo Financial Advisors LLC now owns 1,627 shares of the financial services provider’s stock valued at $115,000 after acquiring an additional 1,172 shares during the last quarter. SeaCrest Wealth Management LLC bought a new position in shares of Intercontinental Exchange in the fourth quarter valued at approximately $122,000. Cerebellum GP LLC bought a new position in shares of Intercontinental Exchange in the fourth quarter valued at approximately $127,000. Finally, Americafirst Capital Management LLC bought a new position in shares of Intercontinental Exchange in the third quarter valued at approximately $145,000. Institutional investors own 90.74% of the company’s stock.

Shares of NYSE ICE traded up $0.08 during mid-day trading on Friday, hitting $72.54. The company had a trading volume of 2,095,329 shares, compared to its average volume of 2,655,203. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.99 and a current ratio of 0.99. Intercontinental Exchange has a 12 month low of $57.91 and a 12 month high of $76.30. The stock has a market cap of $42,193.04, a PE ratio of 24.59, a PEG ratio of 2.54 and a beta of 0.64.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Thursday, September 13th will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date is Wednesday, September 12th. Intercontinental Exchange’s dividend payout ratio is 32.54%.

ILLEGAL ACTIVITY WARNING: “Analysts Anticipate Intercontinental Exchange (ICE) Will Post Earnings of $0.88 Per Share” was originally posted by Week Herald and is the sole property of of Week Herald. If you are reading this piece of content on another website, it was illegally stolen and reposted in violation of US and international trademark & copyright legislation. The original version of this piece of content can be read at https://weekherald.com/2018/04/23/analysts-anticipate-intercontinental-exchange-ice-will-post-earnings-of-0-88-per-share.html.

Intercontinental Exchange Company Profile

Intercontinental Exchange, Inc operates regulated exchanges, clearing houses, and listings venues for financial and commodity markets in the United States, the United Kingdom, Continental Europe, Asia, Israel, and Canada. It operates through two segments, Trading and Clearing; and Data and Listings. The company operates marketplaces for listing, trading, and clearing an array of derivatives and securities contracts across various asset classes, including energy and agricultural commodities, interest rates, equities, equity and credit derivatives, exchange traded funds, bonds, and currencies.

Get a free copy of the Zacks research report on Intercontinental Exchange (ICE)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Intercontinental Exchange Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intercontinental Exchange and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply