Equity research analysts predict that Intercontinental Exchange, Inc. (NYSE: ICE) will post sales of $ 1.77 billion for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for the earnings of Intercontinental Exchange. The highest sales estimate is $ 1.81 billion and the lowest is $ 1.72 billion. Intercontinental Exchange posted sales of $ 1.67 billion in the same quarter last year, indicating a positive growth rate of 6% year-over-year. The company is expected to release its next quarterly earnings report on Thursday, February 3.
According to Zacks, analysts expect the Intercontinental Exchange to report annual revenue of $ 7.08 billion for the current fiscal year, with estimates ranging from $ 6.99 billion to 7.15 billion. billions of dollars. For the next fiscal year, analysts predict the company will post revenue of $ 7.37 billion, with estimates ranging from $ 7.19 billion to $ 7.46 billion. Zacks’ sales calculations are an average based on a survey of analysts who provide coverage for Intercontinental Exchange.
Intercontinental Exchange (NYSE: ICE) last published its results on Thursday, October 28. The financial services provider announced EPS of $ 1.30 for the quarter, beating the consensus estimate of $ 1.23 by $ 0.07. Intercontinental Exchange posted a return on equity of 13.57% and a net margin of 33.69%. The company posted revenue of $ 1.80 billion for the quarter, compared to a consensus estimate of $ 1.76 billion. During the same period last year, the company posted EPS of $ 1.03. The company’s revenue increased 27.6% compared to the same quarter last year.
A number of stock analysts have recently published reports on the company. Zacks Investment Research downgraded Intercontinental Exchange from a âkeepâ rating to a âsellâ rating and set a price target of $ 126.00 for the stock. in a research note on Friday, September 17. Morgan Stanley raised its price target on the Intercontinental Exchange from $ 131.00 to $ 143.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 2. Citigroup raised its price target on the Intercontinental Exchange from $ 150.00 to $ 155.00 and gave the stock a “buy” rating in a research note on Tuesday, October 19. Deutsche Bank Aktiengesellschaft raised its price target on the Intercontinental Exchange from $ 140.00 to $ 152.00 and gave the stock a “buy” rating in a research note on Friday, October 29. Finally, the UBS Group raised its price target on the Intercontinental Exchange from $ 143.00 to $ 148.00 and assigned the stock a âbuyâ rating in a research note on Wednesday, October 6. One equity research analyst gave the stock a sell rating, two assigned a conservation rating, eight assigned a buy rating, and two gave the company’s shares a high buy rating. According to MarketBeat, Intercontinental Exchange has an average âBuyâ rating and a consensus price target of $ 142.55.
Shares of ICE opened at $ 134.60 on Friday. The company’s fifty-day simple moving average is $ 131.55 and its two-hundred-day simple moving average is $ 122.21. The company has a current ratio of 1.01, a quick ratio of 1.01, and a debt ratio of 0.57. Intercontinental Exchange has a 12-month low of $ 107.66 and a 12-month high of $ 139.79. The company has a market cap of $ 75.83 billion, a price-to-earnings ratio of 24.88, and a beta of 0.81.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 31. Shareholders of record on Friday, December 17 will receive a dividend of $ 0.33 per share. The ex-dividend date is Thursday, December 16. This represents a dividend of $ 1.32 on an annualized basis and a return of 0.98%. The Intercontinental Exchange dividend payout ratio is currently 24.40%.
In other Intercontinental Exchange news, CFO Warren Gardiner sold 1,300 shares of the company in a trade dated Wednesday, November 10. The stock was sold for an average price of $ 135.08, for a total trade of $ 175,604.00. The transaction was disclosed in a legal file with the SEC, accessible through this link. In addition, CAO James W. Namkung sold 1,559 shares of Intercontinental Exchange in a trade dated Friday, October 29. The stock was sold for an average price of $ 135.09, for a total value of $ 210,605.31. Disclosure of this sale can be found here. In the past three months, insiders have sold 127,375 shares of the company valued at $ 15,185,653. Insiders own 1.30% of the company’s shares.
Several hedge funds have recently changed their holdings in ICE. Mascoma Wealth Management LLC purchased a new position in Intercontinental Exchange in the third quarter valued at approximately $ 25,000. WASHINGTON TRUST Co increased its position in Intercontinental Exchange by 100.0% in the second quarter. WASHINGTON TRUST Co now owns 230 shares of the financial services provider valued at $ 28,000 after acquiring 115 additional shares in the last quarter. RE Advisers Corp purchased a new position in Intercontinental Exchange in the second quarter valued at approximately $ 31,000. Evolution Wealth Advisors LLC increased its position in Intercontinental Exchange by 56.1% in the third quarter. Evolution Wealth Advisors LLC now owns 270 shares of the financial services provider valued at $ 31,000 after acquiring 97 additional shares in the last quarter. Finally, Consolidated Planning Corp purchased a new position in Intercontinental Exchange in the third quarter valued at approximately $ 31,000. 86.81% of the shares are currently held by hedge funds and other institutional investors.
About the intercontinental exchange
Intercontinental Exchange, Inc. engages in the management of the online market. It operates through the following segments: Exchanges; Fixed income and data services; and mortgage technology. The company was founded by Jeffrey C. Sprecher in May 2000 and is headquartered in Atlanta, Georgia.
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