Intercontinental Exchange (ICE) Scheduled to Post Earnings on Thursday

Intercontinental Exchange (NYSE:ICE) will post its quarterly earnings results before the market opens on Thursday, August 1st. Analysts expect Intercontinental Exchange to post earnings of $1.46 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings data on Thursday, May 2nd. The financial services provider reported $1.48 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.48. The business had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.31 billion. Intercontinental Exchange had a return on equity of 12.76% and a net margin of 24.24%. The company’s revenue was up 20.8% on a year-over-year basis. During the same quarter last year, the business posted $1.41 EPS. 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 Performance

NYSE ICE opened at $151.30 on Wednesday. The stock has a 50-day simple moving average of $140.22 and a two-hundred day simple moving average of $136.02. The firm has a market capitalization of $86.78 billion, a P/E ratio of 34.70, a PEG ratio of 2.68 and a beta of 1.06. Intercontinental Exchange has a fifty-two week low of $104.49 and a fifty-two week high of $152.38. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.01 and a current ratio of 1.01.

Insider Transactions at Intercontinental Exchange

In other news, Director Judith A. Sprieser sold 2,267 shares of the business’s stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $134.57, for a total transaction of $305,070.19. Following the transaction, the director now directly owns 28,849 shares in the company, valued at approximately $3,882,209.93. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CTO Mayur Kapani sold 395 shares of the business’s stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $141.13, for a total transaction of $55,746.35. Following the transaction, the chief technology officer now directly owns 64,471 shares in the company, valued at approximately $9,098,792.23. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Judith A. Sprieser sold 2,267 shares of the company’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $134.57, for a total value of $305,070.19. Following the completion of the transaction, the director now owns 28,849 shares in the company, valued at $3,882,209.93. The disclosure for this sale can be found here. Insiders have sold a total of 64,992 shares of company stock worth $9,197,801 in the last ninety days. Insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on ICE shares. Bank of America cut their price target on Intercontinental Exchange from $156.00 to $153.00 and set a “buy” rating for the company in a research note on Friday, April 19th. Morgan Stanley lifted their price target on Intercontinental Exchange from $139.00 to $142.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 9th. JPMorgan Chase & Co. lifted their price target on Intercontinental Exchange from $147.00 to $151.00 and gave the company an “overweight” rating in a research note on Friday, May 3rd. StockNews.com lowered Intercontinental Exchange from a “hold” rating to a “sell” rating in a research note on Thursday, July 25th. Finally, Barclays lifted their price target on Intercontinental Exchange from $150.00 to $159.00 and gave the company an “overweight” rating in a research note on Wednesday, July 10th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $152.07.

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.