Wall Street brokerages expect Intercontinental Exchange Inc (NYSE:ICE) to announce earnings per share of $0.93 for the current quarter, according to Zacks. Three analysts have made estimates for Intercontinental Exchange’s earnings. The highest EPS estimate is $0.95 and the lowest is $0.91. Intercontinental Exchange reported earnings per share of $0.85 during the same quarter last year, which would suggest a positive year over year growth rate of 9.4%. The business is expected to issue its next quarterly earnings results on Wednesday, October 30th.

On average, analysts expect that Intercontinental Exchange will report full-year earnings of $3.78 per share for the current financial year, with EPS estimates ranging from $3.73 to $3.89. For the next year, analysts expect that the business will report earnings of $4.16 per share, with EPS estimates ranging from $4.05 to $4.37. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover Intercontinental Exchange.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings data on Thursday, August 1st. The financial services provider reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.02. Intercontinental Exchange had a return on equity of 12.22% and a net margin of 31.85%. The business had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter in the previous year, the firm earned $0.90 EPS. The firm’s revenue was up 4.2% compared to the same quarter last year.

Several equities analysts recently weighed in on ICE shares. Raymond James boosted their price objective on Intercontinental Exchange from $89.00 to $94.00 and gave the stock an “outperform” rating in a research report on Friday, July 5th. Citigroup cut Intercontinental Exchange from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $92.00 to $99.00 in a research report on Monday, July 22nd. Finally, ValuEngine raised Intercontinental Exchange from a “hold” rating to a “buy” rating in a research report on Monday, May 13th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $88.21.

NYSE ICE opened at $90.21 on Friday. Intercontinental Exchange has a twelve month low of $69.69 and a twelve month high of $93.40. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.40. The firm has a market cap of $50.76 billion, a PE ratio of 25.13, a PEG ratio of 2.93 and a beta of 0.50. The business’s 50-day simple moving average is $89.70.

In other Intercontinental Exchange news, President Benjamin Jackson sold 1,896 shares of the company’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $90.26, for a total value of $171,132.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Charles R. Crisp sold 2,445 shares of the company’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $81.10, for a total value of $198,289.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 179,966 shares of company stock valued at $15,414,996. Insiders own 1.50% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its position in Intercontinental Exchange by 0.9% during the second quarter. Vanguard Group Inc. now owns 43,084,259 shares of the financial services provider’s stock valued at $3,702,660,000 after purchasing an additional 382,604 shares in the last quarter. BlackRock Inc. boosted its position in Intercontinental Exchange by 1.5% in the 2nd quarter. BlackRock Inc. now owns 33,727,734 shares of the financial services provider’s stock valued at $2,898,562,000 after buying an additional 488,675 shares during the last quarter. Lazard Asset Management LLC boosted its position in Intercontinental Exchange by 63.8% in the 1st quarter. Lazard Asset Management LLC now owns 12,800,711 shares of the financial services provider’s stock valued at $974,645,000 after buying an additional 4,986,008 shares during the last quarter. Janus Henderson Group PLC boosted its position in Intercontinental Exchange by 2.9% in the 1st quarter. Janus Henderson Group PLC now owns 11,776,528 shares of the financial services provider’s stock valued at $896,651,000 after buying an additional 333,709 shares during the last quarter. Finally, Northern Trust Corp boosted its position in Intercontinental Exchange by 2.3% in the 1st quarter. Northern Trust Corp now owns 10,964,061 shares of the financial services provider’s stock valued at $834,803,000 after buying an additional 248,097 shares during the last quarter. 89.41% of the stock is owned by hedge funds and other institutional investors.

Intercontinental Exchange Company Profile

Intercontinental Exchange, Inc operates regulated exchanges, clearing houses, and listings venues for commodity, financial, fixed income, and equity markets in the United States, the United Kingdom, European Union, Asia, Israel, and Canada. It operates through two segments, Trading and Clearing; and Data and Listings.

See Also: Equity Income

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

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