Intercontinental Exchange (ICE) to Release Earnings on Thursday

Intercontinental Exchange (NYSE:ICE - Get Free Report) is set to announce 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. Individual that wish to register for the company's earnings conference call can do so using this link.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last issued its quarterly earnings data on Thursday, February 8th. The financial services provider reported $1.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.29 by $0.04. The firm 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 company's quarterly revenue was up 24.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.25 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 Down 0.6 %

NYSE ICE traded down $0.76 on Thursday, hitting $131.81. The stock had a trading volume of 1,922,300 shares, compared to its average volume of 2,386,282. The business's fifty day moving average price is $135.97 and its 200 day moving average price is $125.05. The stock has a market cap of $75.48 billion, a price-to-earnings ratio of 31.38, a price-to-earnings-growth ratio of 2.17 and a beta of 1.02. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.00 and a quick ratio of 1.00. Intercontinental Exchange has a 52-week low of $103.81 and a 52-week high of $140.43.

Intercontinental Exchange Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were given a $0.45 dividend. This is a boost from Intercontinental Exchange's previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.37%. Intercontinental Exchange's dividend payout ratio (DPR) is presently 42.86%.

Analyst Upgrades and Downgrades

ICE has been the subject of several recent analyst reports. Bank of America lowered their price target on Intercontinental Exchange from $156.00 to $153.00 and set a "buy" rating for the company in a report on Friday, April 19th. Citigroup upped their price target on shares of Intercontinental Exchange from $155.00 to $160.00 and gave the company a "buy" rating in a research note on Thursday, April 4th. Keefe, Bruyette & Woods reiterated an "outperform" rating and set a $152.00 price objective on shares of Intercontinental Exchange in a research note on Thursday, April 4th. Morgan Stanley upped their target price on Intercontinental Exchange from $139.00 to $142.00 and gave the company an "equal weight" rating in a research report on Tuesday, April 9th. Finally, JPMorgan Chase & Co. boosted their price target on Intercontinental Exchange from $142.00 to $151.00 and gave the company an "overweight" rating in a research note on Friday, February 9th. Three equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $148.08.

Insider Activity

In related news, CEO Jeffrey C. Sprecher sold 58,388 shares of the company's stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $137.21, for a total value of $8,011,417.48. Following the completion of the transaction, the chief executive officer now owns 1,179,895 shares of the company's stock, valued at approximately $161,893,392.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Intercontinental Exchange news, CEO Jeffrey C. Sprecher sold 58,388 shares of the company's stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of $137.21, for a total transaction of $8,011,417.48. Following the completion of the transaction, the chief executive officer now directly owns 1,179,895 shares in the company, valued at $161,893,392.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Judith A. Sprieser sold 2,238 shares of Intercontinental Exchange stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $137.36, for a total transaction of $307,411.68. Following the completion of the sale, the director now owns 29,347 shares in the company, valued at approximately $4,031,103.92. The disclosure for this sale can be found here. Insiders have sold 157,491 shares of company stock worth $21,454,204 in the last ninety days. Company insiders own 1.10% 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.