Equities analysts expect Intercontinental Exchange Inc (NYSE:ICE) to announce earnings of $0.91 per share for the current quarter, Zacks reports. Three analysts have provided estimates for Intercontinental Exchange’s earnings. The highest EPS estimate is $0.93 and the lowest is $0.88. Intercontinental Exchange posted earnings per share of $0.90 during the same quarter last year, which suggests a positive year over year growth rate of 1.1%. The company is expected to issue its next quarterly earnings report on Thursday, August 1st.
On average, analysts expect that Intercontinental Exchange will report full-year earnings of $3.75 per share for the current financial year, with EPS estimates ranging from $3.64 to $3.89. For the next year, analysts forecast that the business will report earnings of $4.18 per share, with EPS estimates ranging from $4.05 to $4.34. Zacks’ earnings per share averages are a mean average based on a survey of analysts that that provide coverage for Intercontinental Exchange.
Intercontinental Exchange (NYSE:ICE) last issued its earnings results on Thursday, May 2nd. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.90 by $0.02. Intercontinental Exchange had a net margin of 31.98% and a return on equity of 12.22%. The company had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.28 billion. During the same period last year, the company posted $0.90 earnings per share. The firm’s quarterly revenue was up 3.7% compared to the same quarter last year.
Shares of Intercontinental Exchange stock opened at $86.53 on Wednesday. Intercontinental Exchange has a 12-month low of $69.69 and a 12-month high of $87.26. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a market capitalization of $48.83 billion, a PE ratio of 24.10, a PEG ratio of 2.80 and a beta of 0.48. The firm has a 50-day moving average of $83.23.
In related news, Director Vincent Tese sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $81.87, for a total transaction of $163,740.00. Following the sale, the director now owns 35,004 shares in the company, valued at $2,865,777.48. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Vice Chairman Charles A. Vice sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $76.82, for a total transaction of $1,920,500.00. Following the sale, the insider now owns 427,621 shares in the company, valued at approximately $32,849,845.22. The disclosure for this sale can be found here. Insiders sold 152,941 shares of company stock worth $12,364,770 over the last quarter. Company insiders own 1.50% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Weiss Asset Management LP acquired a new position in shares of Intercontinental Exchange in the 1st quarter valued at $202,000. Nordea Investment Management AB boosted its holdings in shares of Intercontinental Exchange by 6.8% in the 1st quarter. Nordea Investment Management AB now owns 486,293 shares of the financial services provider’s stock valued at $37,024,000 after purchasing an additional 31,023 shares during the last quarter. Allstate Corp boosted its holdings in shares of Intercontinental Exchange by 0.8% in the 1st quarter. Allstate Corp now owns 57,366 shares of the financial services provider’s stock valued at $4,368,000 after purchasing an additional 466 shares during the last quarter. Diversified Trust Co acquired a new position in shares of Intercontinental Exchange in the 1st quarter valued at $2,301,000. Finally, Clearbridge Investments LLC boosted its holdings in shares of Intercontinental Exchange by 2.3% in the 1st quarter. Clearbridge Investments LLC now owns 815,549 shares of the financial services provider’s stock valued at $62,096,000 after purchasing an additional 18,549 shares during the last quarter. Hedge funds and other institutional investors own 88.97% 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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