Intercontinental Exchange (ICE) Receives Coverage Optimism Rating of 0.13

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Media coverage about Intercontinental Exchange (NYSE:ICE) has been trending somewhat positive this week, Accern reports. The research group identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Intercontinental Exchange earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave headlines about the financial services provider an impact score of 45.1549591680415 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Here are some of the media stories that may have impacted Accern Sentiment Analysis’s rankings:

Shares of ICE opened at $72.53 on Friday. The company has a market cap of $42,152.28, a P/E ratio of 24.59, a price-to-earnings-growth ratio of 2.53 and a beta of 0.64. Intercontinental Exchange has a 12-month low of $57.91 and a 12-month high of $76.30. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.99 and a current ratio of 0.99.

Intercontinental Exchange (NYSE:ICE) last issued its earnings results on Wednesday, February 7th. The financial services provider reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.01. The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.15 billion. Intercontinental Exchange had a return on equity of 10.83% and a net margin of 43.09%. The firm’s quarterly revenue was up .5% on a year-over-year basis. During the same quarter last year, the company earned $0.71 EPS. equities analysts expect that Intercontinental Exchange will post 3.58 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Thursday, September 13th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.32%. The ex-dividend date of this dividend is Wednesday, September 12th. Intercontinental Exchange’s dividend payout ratio is presently 32.54%.

A number of equities analysts recently commented on the company. ValuEngine upgraded Intercontinental Exchange from a “hold” rating to a “buy” rating in a report on Monday. Zacks Investment Research downgraded Intercontinental Exchange from a “buy” rating to a “hold” rating in a report on Tuesday, March 6th. JPMorgan Chase upgraded Intercontinental Exchange from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $76.00 to $83.00 in a report on Tuesday, February 20th. Argus reiterated a “buy” rating and issued a $67.00 price objective (down previously from $80.00) on shares of Intercontinental Exchange in a report on Friday, February 9th. Finally, Bank of America cut their target price on Intercontinental Exchange from $83.00 to $82.00 and set a “buy” rating on the stock in a research note on Thursday, February 8th. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $76.62.

In other Intercontinental Exchange news, CEO Jeffrey C. Sprecher sold 132,245 shares of Intercontinental Exchange stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $73.34, for a total transaction of $9,698,848.30. Following the completion of the sale, the chief executive officer now directly owns 1,454,661 shares of the company’s stock, valued at approximately $106,684,837.74. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Vice Chairman Charles A. Vice sold 50,000 shares of Intercontinental Exchange stock in a transaction on Wednesday, April 4th. The shares were sold at an average price of $71.97, for a total value of $3,598,500.00. Following the sale, the insider now directly owns 432,507 shares of the company’s stock, valued at $31,127,528.79. The disclosure for this sale can be found here. Insiders have sold a total of 237,074 shares of company stock valued at $17,377,209 in the last 90 days. 1.50% of the stock is currently owned by company insiders.

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About Intercontinental Exchange

Intercontinental Exchange Inc, formerly IntercontinentalExchange Group, Inc, is a network of regulated exchanges and clearing houses for financial and commodity markets. The Company delivers transparent and accessible data, technology and risk management services to markets around the world through its portfolio of exchanges, including the New York Stock Exchange, ICE Futures, Liffe and Euronext.

Insider Buying and Selling by Quarter for Intercontinental Exchange (NYSE:ICE)

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