Intercontinental Exchange Inc. (ICE) to Post FY2019 Earnings of $3.60 Per Share, CLSA Forecasts

Intercontinental Exchange Inc. (NYSE:ICE) – CLSA issued their FY2019 earnings estimates for shares of Intercontinental Exchange in a report issued on Monday. CLSA analyst R. Rutschow anticipates that the firm will earn $3.60 per share for the year.

Intercontinental Exchange (NYSE:ICE) last issued its earnings results on Tuesday, November 1st. The company reported $3.21 EPS for the quarter, missing the consensus estimate of $3.22 by $0.01. Intercontinental Exchange had a return on equity of 10.57% and a net margin of 25.29%. The company earned $1.10 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the prior year, the business earned $2.91 EPS. The firm’s revenue for the quarter was up 32.1% compared to the same quarter last year. TRADEMARK VIOLATION WARNING: “Intercontinental Exchange Inc. (ICE) to Post FY2019 Earnings of $3.60 Per Share, CLSA Forecasts” was originally posted by BBNS and is owned by of BBNS. If you are viewing this story on another publication, it was illegally copied and republished in violation of U.S. & international copyright & trademark legislation. The legal version of this story can be read at https://baseballnewssource.com/markets/intercontinental-exchange-inc-ice-to-post-fy2019-earnings-of-3-60-per-share-clsa-forecasts/345601.html.

Earnings History and Estimates for Intercontinental Exchange (NYSE:ICE)

Several other equities research analysts also recently commented on the company. Zacks Investment Research raised Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Thursday, October 27th. Jefferies Group boosted their price target on Intercontinental Exchange from $59.00 to $62.00 and gave the stock a “buy” rating in a research note on Tuesday, October 11th. Finally, Evercore ISI restated a “buy” rating and issued a $63.00 price target on shares of Intercontinental Exchange in a research note on Saturday, December 17th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Intercontinental Exchange has a consensus rating of “Buy” and a consensus price target of $60.27.

Shares of Intercontinental Exchange (NYSE:ICE) traded up 0.12% on Wednesday, reaching $56.84. The company’s stock had a trading volume of 3,976,628 shares. Intercontinental Exchange has a 12-month low of $45.44 and a 12-month high of $59.86. The company’s 50-day moving average is $57.10 and its 200 day moving average is $54.91. The company has a market capitalization of $6.54 billion, a price-to-earnings ratio of 23.29 and a beta of 0.90.

In other Intercontinental Exchange news, insider Charles A. Vice sold 1,500 shares of the company’s stock in a transaction dated Wednesday, November 2nd. The stock was sold at an average price of $264.84, for a total value of $397,260.00. Following the completion of the sale, the insider now owns 61,483 shares in the company, valued at $16,283,157.72. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director William Jefferson Hague sold 600 shares of the company’s stock in a transaction dated Wednesday, December 21st. The stock was sold at an average price of $58.07, for a total value of $34,842.00. The disclosure for this sale can be found here. 1.40% of the stock is owned by company insiders.

TRADEMARK VIOLATION WARNING: “Intercontinental Exchange Inc. (ICE) to Post FY2019 Earnings of $3.60 Per Share, CLSA Forecasts” was originally posted by BBNS and is owned by of BBNS. If you are viewing this story on another publication, it was illegally copied and republished in violation of U.S. & international copyright & trademark legislation. The legal version of this story can be read at https://baseballnewssource.com/markets/intercontinental-exchange-inc-ice-to-post-fy2019-earnings-of-3-60-per-share-clsa-forecasts/345601.html.

A number of hedge funds have recently modified their holdings of the company. Point72 Asia Hong Kong Ltd bought a new stake in shares of Intercontinental Exchange during the second quarter worth approximately $102,000. LSV Asset Management acquired a new position in Intercontinental Exchange during the second quarter worth $116,000. Johnson Financial Group Inc. raised its position in Intercontinental Exchange by 225.0% in the second quarter. Johnson Financial Group Inc. now owns 468 shares of the company’s stock worth $120,000 after buying an additional 324 shares during the period. WFG Advisors LP raised its position in Intercontinental Exchange by 23.8% in the second quarter. WFG Advisors LP now owns 618 shares of the company’s stock worth $158,000 after buying an additional 119 shares during the period. Finally, SRB Corp acquired a new position in Intercontinental Exchange during the third quarter worth $159,000. Institutional investors and hedge funds own 17.77% of the company’s stock.

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.

5 Day Chart for NYSE:ICE

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