Brokerages forecast that Intercontinental Exchange Inc (NYSE:ICE) will report $1.29 billion in sales for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Intercontinental Exchange’s earnings, with the lowest sales estimate coming in at $1.27 billion and the highest estimate coming in at $1.31 billion. Intercontinental Exchange posted sales of $1.20 billion in the same quarter last year, which indicates a positive year over year growth rate of 7.5%. The company is expected to announce its next quarterly earnings results on Wednesday, October 30th.

On average, analysts expect that Intercontinental Exchange will report full-year sales of $5.16 billion for the current fiscal year, with estimates ranging from $5.14 billion to $5.19 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $5.45 billion, with estimates ranging from $5.36 billion to $5.54 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that cover Intercontinental Exchange.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings results on Thursday, August 1st. The financial services provider reported $0.94 EPS for the quarter, topping the consensus estimate of $0.92 by $0.02. Intercontinental Exchange had a net margin of 31.85% and a return on equity of 12.22%. The company 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 business posted $0.90 EPS. The firm’s revenue was up 4.2% on a year-over-year basis.

Several research analysts have commented on ICE shares. Citigroup cut shares of Intercontinental Exchange from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $92.00 to $99.00 in a report on Monday, July 22nd. Raymond James boosted their price target on shares of Intercontinental Exchange from $89.00 to $94.00 and gave the stock an “outperform” rating in a report on Friday, July 5th. Finally, ValuEngine upgraded shares of Intercontinental Exchange from a “hold” rating to a “buy” rating in a report on Monday, May 13th. One investment 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 company currently has an average rating of “Buy” and a consensus target price of $88.21.

NYSE ICE traded up $1.18 on Monday, hitting $92.85. 1,599,009 shares of the stock were exchanged, compared to its average volume of 2,543,500. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.40. Intercontinental Exchange has a fifty-two week low of $69.69 and a fifty-two week high of $93.40. The company has a market cap of $50.72 billion, a PE ratio of 25.86, a PEG ratio of 2.93 and a beta of 0.50. The company has a 50-day moving average price of $90.29 and a 200-day moving average price of $81.91.

In related news, President Benjamin Jackson sold 1,896 shares of the company’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $90.26, for a total value of $171,132.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Andrew J. Surdykowski sold 1,000 shares of the company’s stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $85.00, for a total transaction of $85,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 179,966 shares of company stock valued at $15,414,996 in the last 90 days. Insiders own 1.50% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in Intercontinental Exchange by 0.9% during the 2nd quarter. Vanguard Group Inc. now owns 43,084,259 shares of the financial services provider’s stock worth $3,702,660,000 after buying an additional 382,604 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in Intercontinental Exchange by 3.9% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 39,511,852 shares of the financial services provider’s stock worth $3,395,649,000 after buying an additional 1,501,237 shares during the last quarter. BlackRock Inc. raised its position in Intercontinental Exchange by 1.5% during the 2nd quarter. BlackRock Inc. now owns 33,727,734 shares of the financial services provider’s stock worth $2,898,562,000 after buying an additional 488,675 shares during the last quarter. Lazard Asset Management LLC raised its position in Intercontinental Exchange by 63.8% during the 1st quarter. Lazard Asset Management LLC now owns 12,800,711 shares of the financial services provider’s stock worth $974,645,000 after buying an additional 4,986,008 shares during the last quarter. Finally, Janus Henderson Group PLC raised its position in Intercontinental Exchange by 2.9% during the 1st quarter. Janus Henderson Group PLC now owns 11,776,528 shares of the financial services provider’s stock worth $896,651,000 after buying an additional 333,709 shares during the last quarter. Hedge funds and other institutional investors own 90.15% of the company’s stock.

About Intercontinental Exchange

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.

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

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