Intercontinental Exchange (NYSE:ICE) is scheduled to announce its earnings results before the market opens on Wednesday, February 7th. Analysts expect the company to announce earnings of $0.73 per share for the quarter.
Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings data on Thursday, November 2nd. The financial services provider reported $0.73 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.02. The firm had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.14 billion. Intercontinental Exchange had a net margin of 27.91% and a return on equity of 11.01%. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.64 earnings per share. On average, analysts expect Intercontinental Exchange to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.
Shares of Intercontinental Exchange (NYSE:ICE) opened at $73.98 on Monday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a market cap of $43,280.00, a PE ratio of 26.90, a price-to-earnings-growth ratio of 2.55 and a beta of 0.63. Intercontinental Exchange has a 52 week low of $56.80 and a 52 week high of $76.14.
Intercontinental Exchange announced that its Board of Directors has authorized a stock buyback program on Thursday, November 2nd that permits the company to buyback $1.20 billion in outstanding shares. This buyback authorization permits the financial services provider to purchase up to 3.1% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its shares are undervalued.
In other news, CFO Scott A. Hill sold 7,526 shares of the company’s stock in a transaction that occurred on Friday, January 12th. The shares were sold at an average price of $75.00, for a total transaction of $564,450.00. Following the transaction, the chief financial officer now directly owns 202,371 shares in the company, valued at $15,177,825. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Dean S. Mathison sold 2,570 shares of the company’s stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $69.77, for a total transaction of $179,308.90. The disclosure for this sale can be found here. Insiders have sold 48,910 shares of company stock worth $3,579,672 over the last quarter. 1.50% of the stock is owned by company insiders.
Several analysts have weighed in on ICE shares. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $73.00 price objective on shares of Intercontinental Exchange in a research note on Sunday, October 8th. UBS Group upped their target price on shares of Intercontinental Exchange from $73.00 to $80.00 and gave the stock a “buy” rating in a research report on Friday, November 3rd. Berenberg Bank began coverage on shares of Intercontinental Exchange in a research report on Thursday, January 25th. They set a “buy” rating and a $90.00 target price on the stock. Zacks Investment Research upgraded shares of Intercontinental Exchange from a “hold” rating to a “buy” rating and set a $78.00 target price on the stock in a research report on Wednesday, January 3rd. Finally, Argus upped their target price on shares of Intercontinental Exchange from $72.00 to $80.00 and gave the stock a “buy” rating in a research report on Wednesday, December 20th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $76.73.
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Intercontinental Exchange Company Profile
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.
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