Intercontinental Exchange (ICE) Scheduled to Post Quarterly Earnings on Thursday

Intercontinental Exchange (NYSE:ICE) is scheduled to post its quarterly earnings results before the market opens on Thursday, May 2nd. Analysts expect Intercontinental Exchange to post 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) last released its earnings results 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. Intercontinental Exchange had a return on equity of 12.91% and a net margin of 23.91%. The firm had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.20 billion. During the same period in the previous year, the company earned $1.25 earnings per share. Intercontinental Exchange’s revenue was up 24.5% compared to the same quarter last year. 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 0.7 %

NYSE ICE opened at $130.78 on Tuesday. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.00 and a quick ratio of 1.00. The company has a market capitalization of $74.89 billion, a P/E ratio of 31.14, a PEG ratio of 2.15 and a beta of 1.02. Intercontinental Exchange has a 12 month low of $103.81 and a 12 month high of $140.43. The company’s 50 day simple moving average is $135.74 and its 200 day simple moving average is $125.52.

Intercontinental Exchange Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.38%. This is a boost from Intercontinental Exchange’s previous quarterly dividend of $0.42. The ex-dividend date was Thursday, March 14th. Intercontinental Exchange’s payout ratio is presently 42.86%.

Insider Buying and Selling

In other Intercontinental Exchange news, CAO James W. Namkung sold 1,182 shares of the stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $132.03, for a total value of $156,059.46. Following the transaction, the chief accounting officer now directly owns 16,396 shares in the company, valued at approximately $2,164,763.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Elizabeth Kathryn King sold 3,783 shares of the company’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $132.03, for a total value of $499,469.49. Following the completion of the sale, the insider now directly owns 17,242 shares of the company’s stock, valued at approximately $2,276,461.26. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO James W. Namkung sold 1,182 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $132.03, for a total transaction of $156,059.46. Following the completion of the sale, the chief accounting officer now directly owns 16,396 shares of the company’s stock, valued at approximately $2,164,763.88. The disclosure for this sale can be found here. Insiders have sold a total of 157,491 shares of company stock worth $21,454,204 in the last 90 days. Corporate insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on ICE. JPMorgan Chase & Co. upped their target price on Intercontinental Exchange from $142.00 to $151.00 and gave the company an “overweight” rating in a report on Friday, February 9th. Morgan Stanley lifted their price objective on Intercontinental Exchange from $139.00 to $142.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 9th. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $152.00 target price on shares of Intercontinental Exchange in a research note on Thursday, April 4th. Raymond James upped their price target on Intercontinental Exchange from $135.00 to $145.00 and gave the company a “strong-buy” rating in a report on Friday, January 5th. Finally, UBS Group raised their price objective on shares of Intercontinental Exchange from $145.00 to $160.00 and gave the stock a “buy” rating in a report on Monday, February 12th. Three investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $148.08.

About Intercontinental Exchange

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.