Intercontinental Exchange (NYSE:ICE) Issues Quarterly Earnings Results
Intercontinental Exchange (NYSE:ICE) issued its quarterly earnings data on Thursday. The financial services provider reported $1.07 EPS for the quarter, beating the consensus estimate of $1.04 by $0.03, RTT News reports. Intercontinental Exchange had a net margin of 29.65% and a return on equity of 13.85%. The company had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same quarter in the previous year, the company earned $0.94 earnings per share. Intercontinental Exchange’s revenue for the quarter was up 7.5% on a year-over-year basis.
Shares of ICE stock traded down $0.73 on Thursday, hitting $93.57. The stock had a trading volume of 68,984 shares, compared to its average volume of 2,376,222. The firm has a market cap of $51.23 billion, a P/E ratio of 24.95, a PEG ratio of 2.61 and a beta of 0.54. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.33. Intercontinental Exchange has a twelve month low of $63.51 and a twelve month high of $101.93. The company has a fifty day moving average price of $93.33 and a two-hundred day moving average price of $91.48.
Several analysts recently commented on the stock. Citigroup increased their price objective on shares of Intercontinental Exchange from $102.00 to $107.00 and gave the company a “buy” rating in a research report on Monday, July 20th. Oppenheimer decreased their price objective on Intercontinental Exchange from $110.00 to $109.00 and set an “outperform” rating for the company in a report on Monday, July 13th. Berenberg Bank upgraded Intercontinental Exchange from a “hold” rating to a “buy” rating and boosted their price target for the stock from $101.00 to $106.00 in a research note on Monday, April 20th. Deutsche Bank lowered their price objective on Intercontinental Exchange from $114.00 to $111.00 and set a “buy” rating on the stock in a research report on Thursday, July 9th. Finally, UBS Group cut their target price on Intercontinental Exchange from $116.00 to $114.00 and set a “buy” rating for the company in a research note on Thursday, June 4th. One research analyst has rated the stock with a sell rating, one has given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. Intercontinental Exchange currently has a consensus rating of “Buy” and a consensus price target of $103.85.
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, Singapore, Israel, and Canada. It operates in two segments, Trading and Clearing; and Data and Listings.
Recommended Story: Why Invest in High-Yield Dividend Stocks?
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.