Intercontinental Exchange (ICE) Scheduled to Post Quarterly Earnings on Thursday

Intercontinental Exchange (NYSE:ICE) will be announcing its earnings results before the market opens on Thursday, May 2nd. Analysts expect the company to announce earnings of $1.47 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings data on Thursday, February 8th. The financial services provider reported $1.33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.04. The company had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.20 billion. Intercontinental Exchange had a net margin of 23.91% and a return on equity of 12.91%. The firm’s revenue for the quarter was up 24.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.25 earnings per share. On average, analysts expect Intercontinental Exchange to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Intercontinental Exchange Stock Up 0.2 %

Shares of Intercontinental Exchange stock opened at $132.57 on Thursday. The company has a market cap of $75.91 billion, a price-to-earnings ratio of 31.56, a price-to-earnings-growth ratio of 2.15 and a beta of 1.02. The company’s 50 day moving average is $136.07 and its 200 day moving average is $125.00. Intercontinental Exchange has a twelve month low of $103.81 and a twelve month high of $140.43. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.80.

Intercontinental Exchange Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were given a dividend of $0.45 per share. This is an increase from Intercontinental Exchange’s previous quarterly dividend of $0.42. The ex-dividend date was Thursday, March 14th. This represents a $1.80 dividend on an annualized basis and a yield of 1.36%. Intercontinental Exchange’s dividend payout ratio is 42.86%.

Insider Buying and Selling at Intercontinental Exchange

In other Intercontinental Exchange news, SVP Douglas Foley sold 7,070 shares of the stock in a transaction on Monday, February 12th. The shares were sold at an average price of $136.09, for a total transaction of $962,156.30. Following the completion of the transaction, the senior vice president now owns 18,383 shares in the company, valued at $2,501,742.47. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, SVP Douglas Foley sold 7,070 shares of the firm’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $136.09, for a total value of $962,156.30. Following the completion of the sale, the senior vice president now owns 18,383 shares in the company, valued at approximately $2,501,742.47. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Intercontinental Exchange, Inc purchased 2,762,009 shares of Intercontinental Exchange stock in a transaction that occurred on Monday, March 4th. The stock was bought at an average cost of $0.87 per share, for a total transaction of $2,402,947.83. Following the purchase, the insider now directly owns 7,476,345 shares in the company, valued at $6,504,420.15. The disclosure for this purchase can be found here. Insiders sold 157,491 shares of company stock worth $21,454,204 over the last 90 days. 1.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

ICE has been the topic of a number of research analyst reports. Rosenblatt Securities increased their price objective on shares of Intercontinental Exchange from $154.00 to $164.00 and gave the company a “buy” rating in a research report on Friday, February 9th. Citigroup increased their price objective on shares of Intercontinental Exchange from $155.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday, April 4th. Morgan Stanley upped their target price on shares of Intercontinental Exchange from $139.00 to $142.00 and gave the company an “equal weight” rating in a report on Tuesday, April 9th. Piper Sandler upped their target price on shares of Intercontinental Exchange from $135.00 to $149.00 and gave the company an “overweight” rating in a report on Monday, February 12th. Finally, Raymond James upped their target price on shares of Intercontinental Exchange from $135.00 to $145.00 and gave the company a “strong-buy” rating in a report on Friday, January 5th. Three equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Intercontinental Exchange has an average rating of “Moderate Buy” and a consensus target price of $148.08.

Intercontinental Exchange Company Profile

Intercontinental Exchange, Inc, together with its subsidiaries, engages in the provision of market infrastructure, data services, and technology solutions for financial institutions, corporations, and government entities in the United States, the United Kingdom, the European Union, Singapore, India, Abu Dhabi, Israel, and Canada.