Equities research analysts forecast that Intercontinental Exchange, Inc. (NYSE:ICE) will report sales of $1.77 billion for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Intercontinental Exchange’s earnings, with estimates ranging from $1.72 billion to $1.79 billion. Intercontinental Exchange posted sales of $1.67 billion during the same quarter last year, which suggests a positive year over year growth rate of 6%. The company is scheduled to announce its next quarterly earnings report on Thursday, February 3rd.
On average, analysts expect that Intercontinental Exchange will report full year sales of $7.08 billion for the current fiscal year, with estimates ranging from $6.99 billion to $7.15 billion. For the next fiscal year, analysts forecast that the firm will report sales of $7.35 billion, with estimates ranging from $7.19 billion to $7.42 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover Intercontinental Exchange.
Intercontinental Exchange (NYSE:ICE) last announced its earnings results on Thursday, October 28th. The financial services provider reported $1.30 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.23 by $0.07. The firm had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.76 billion. Intercontinental Exchange had a net margin of 33.69% and a return on equity of 13.57%. Intercontinental Exchange’s revenue was up 27.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.03 EPS.
ICE traded up $0.22 on Friday, reaching $132.27. The company had a trading volume of 2,007,674 shares, compared to its average volume of 2,326,031. The company has a fifty day moving average of $128.40 and a 200-day moving average of $120.78. The company has a market capitalization of $74.52 billion, a P/E ratio of 24.45 and a beta of 0.80. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.57. Intercontinental Exchange has a one year low of $102.50 and a one year high of $139.79.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 31st. Investors of record on Friday, December 17th will be issued a $0.33 dividend. The ex-dividend date of this dividend is Thursday, December 16th. This represents a $1.32 dividend on an annualized basis and a yield of 1.00%. Intercontinental Exchange’s dividend payout ratio is currently 24.40%.
In other news, CAO James W. Namkung sold 1,559 shares of the firm’s stock in a transaction on Friday, October 29th. The shares were sold at an average price of $135.09, for a total value of $210,605.31. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Lynn C. Martin sold 2,500 shares of the firm’s stock in a transaction on Thursday, October 7th. The stock was sold at an average price of $125.00, for a total transaction of $312,500.00. The disclosure for this sale can be found here. Insiders sold 129,375 shares of company stock worth $15,425,653 in the last 90 days. 1.30% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently modified their holdings of the business. Principal Financial Group Inc. increased its stake in shares of Intercontinental Exchange by 95.0% in the first quarter. Principal Financial Group Inc. now owns 1,408,362 shares of the financial services provider’s stock valued at $157,287,000 after buying an additional 686,287 shares in the last quarter. Maverick Capital Ltd. acquired a new stake in Intercontinental Exchange in the first quarter worth about $761,000. Verition Fund Management LLC acquired a new stake in Intercontinental Exchange in the first quarter worth about $1,359,000. Voloridge Investment Management LLC acquired a new stake in Intercontinental Exchange in the first quarter worth about $973,000. Finally, Homrich & Berg acquired a new stake in Intercontinental Exchange in the first quarter worth about $1,427,000. 86.81% of the stock is owned by institutional investors.
Intercontinental Exchange Company Profile
Intercontinental Exchange, Inc engages in the management of online marketplace. 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, GA.
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