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

Intercontinental Exchange (NYSE:ICE) will likely be announcing its Q1 2025 earnings results before the market opens on Thursday, May 1st. Analysts expect Intercontinental Exchange to post earnings of $1.66 per share and revenue of $2.44 billion for the quarter.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.53 by ($0.01). Intercontinental Exchange had a return on equity of 12.95% and a net margin of 23.42%. On average, analysts expect Intercontinental Exchange to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Intercontinental Exchange Trading Up 1.9 %

Shares of ICE stock opened at $166.51 on Wednesday. The stock has a market cap of $95.66 billion, a P/E ratio of 34.83, a P/E/G ratio of 2.10 and a beta of 1.09. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. Intercontinental Exchange has a fifty-two week low of $124.34 and a fifty-two week high of $177.45. The business has a fifty day simple moving average of $166.38 and a 200-day simple moving average of $160.49.

Intercontinental Exchange Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th will be given a $0.48 dividend. The ex-dividend date is Tuesday, December 16th. This represents a $1.92 annualized dividend and a dividend yield of 1.15%. Intercontinental Exchange’s dividend payout ratio is presently 40.17%.

Wall Street Analyst Weigh In

A number of brokerages have commented on ICE. Keefe, Bruyette & Woods increased their target price on Intercontinental Exchange from $178.00 to $186.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Barclays lifted their price objective on Intercontinental Exchange from $179.00 to $189.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. Royal Bank of Canada restated an “outperform” rating and issued a $200.00 target price on shares of Intercontinental Exchange in a report on Tuesday, January 7th. StockNews.com upgraded shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Monday, February 10th. Finally, Bank of America reduced their price objective on shares of Intercontinental Exchange from $237.00 to $230.00 and set a “buy” rating on the stock in a research note on Wednesday, April 2nd. Three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, Intercontinental Exchange presently has a consensus rating of “Moderate Buy” and a consensus price target of $182.47.

Insider Activity

In related news, Director Judith A. Sprieser sold 2,630 shares of Intercontinental Exchange stock in a transaction on Wednesday, April 16th. The shares were sold at an average price of $159.00, for a total transaction of $418,170.00. Following the transaction, the director now owns 21,364 shares in the company, valued at approximately $3,396,876. The trade was a 10.96 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Douglas Foley sold 10,580 shares of the stock in a transaction on Friday, February 7th. The shares were sold at an average price of $166.47, for a total value of $1,761,252.60. Following the completion of the sale, the senior vice president now owns 21,992 shares of the company’s stock, valued at approximately $3,661,008.24. This represents a 32.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 62,931 shares of company stock valued at $10,492,868 in the last three months. Corporate insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Intercontinental Exchange

A hedge fund recently raised its stake in Intercontinental Exchange stock. Brighton Jones LLC increased its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 51.3% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 3,448 shares of the financial services provider’s stock after acquiring an additional 1,169 shares during the period. Brighton Jones LLC’s holdings in Intercontinental Exchange were worth $514,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 89.30% of the company’s stock.

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.