Brokerages forecast that Intercontinental Exchange (NYSE:ICE) will post earnings per share of $0.88 for the current quarter, according to Zacks. Three analysts have issued estimates for Intercontinental Exchange’s earnings. The highest EPS estimate is $0.91 and the lowest is $0.87. Intercontinental Exchange posted earnings per share of $0.74 during the same quarter last year, which indicates a positive year over year growth rate of 18.9%. The company is expected to report its next earnings report before the market opens on Thursday, May 3rd.

According to Zacks, 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 fiscal year, analysts expect that the firm will post earnings of $3.97 per share, with EPS estimates ranging from $3.90 to $4.11. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that follow Intercontinental Exchange.

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

ICE has been the topic of several research analyst reports. Bank of America cut their price objective on Intercontinental Exchange from $83.00 to $82.00 and set a “buy” rating on the stock in a report on Thursday, February 8th. ValuEngine upgraded Intercontinental Exchange from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Argus restated a “buy” rating and set a $67.00 price target (down previously from $80.00) on shares of Intercontinental Exchange in a report on Friday, February 9th. Berenberg Bank assumed coverage on Intercontinental Exchange in a report on Thursday, January 25th. They set a “buy” rating and a $90.00 price target on the stock. Finally, JPMorgan Chase upgraded Intercontinental Exchange from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $76.00 to $83.00 in a report on Tuesday, February 20th. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $78.36.

ICE stock opened at $72.72 on Wednesday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $42,484.19, a P/E ratio of 24.82, a PEG ratio of 2.56 and a beta of 0.64. Intercontinental Exchange has a 12-month low of $57.91 and a 12-month high of $76.30.

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

In other news, Vice Chairman Charles A. Vice sold 50,000 shares of the company’s stock in a transaction dated Wednesday, April 4th. The stock was sold at an average price of $71.97, for a total transaction of $3,598,500.00. Following the completion of the transaction, the insider now directly owns 432,507 shares of the company’s stock, valued at approximately $31,127,528.79. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, President Benjamin Jackson sold 2,500 shares of the company’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $72.75, for a total value of $181,875.00. Following the transaction, the president now directly owns 64,154 shares of the company’s stock, valued at $4,667,203.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 213,734 shares of company stock valued at $15,625,886. Insiders own 1.50% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Lazard Asset Management LLC boosted its position in shares of Intercontinental Exchange by 1.1% during the 4th quarter. Lazard Asset Management LLC now owns 6,126,380 shares of the financial services provider’s stock worth $432,276,000 after acquiring an additional 63,944 shares in the last quarter. Bank of Montreal Can boosted its position in shares of Intercontinental Exchange by 17.9% during the 4th quarter. Bank of Montreal Can now owns 563,903 shares of the financial services provider’s stock worth $39,789,000 after acquiring an additional 85,435 shares in the last quarter. Quadrature Capital Ltd acquired a new stake in shares of Intercontinental Exchange in the 4th quarter valued at about $2,275,000. Westpac Banking Corp boosted its position in shares of Intercontinental Exchange by 6.4% in the 4th quarter. Westpac Banking Corp now owns 102,682 shares of the financial services provider’s stock valued at $7,245,000 after purchasing an additional 6,203 shares during the period. Finally, Moreno Evelyn V boosted its position in shares of Intercontinental Exchange by 511.5% in the 4th quarter. Moreno Evelyn V now owns 49,225 shares of the financial services provider’s stock valued at $3,474,000 after purchasing an additional 41,175 shares during the period. 90.75% of the stock is owned by institutional investors and hedge funds.

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.

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

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