Intercontinental Exchange (NYSE:ICE) released its quarterly earnings results on Wednesday. The financial services provider reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.05, MarketWatch Earnings reports. Intercontinental Exchange had a return on equity of 11.45% and a net margin of 41.83%. The company had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.19 billion. During the same period last year, the business posted $0.73 earnings per share. The firm’s revenue was up 4.7% compared to the same quarter last year.
Shares of NYSE:ICE traded up $3.94 during trading on Wednesday, hitting $77.04. The stock had a trading volume of 7,717,900 shares, compared to its average volume of 2,601,074. Intercontinental Exchange has a 12-month low of $65.14 and a 12-month high of $78.48. The stock has a market cap of $42.29 billion, a price-to-earnings ratio of 25.97, a PEG ratio of 2.14 and a beta of 0.65. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.25.
A number of equities research analysts have commented on ICE shares. FIX started coverage on Intercontinental Exchange in a research note on Wednesday, September 5th. They issued a “buy” rating and a $88.00 price target for the company. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a $91.00 price target on shares of Intercontinental Exchange in a research note on Friday, October 12th. They noted that the move was a valuation call. Zacks Investment Research cut Intercontinental Exchange from a “hold” rating to a “sell” rating in a research note on Thursday, September 6th. Rosenblatt Securities started coverage on Intercontinental Exchange in a research note on Wednesday, September 5th. They issued a “buy” rating and a $88.00 price target for the company. Finally, Berenberg Bank set a $92.00 price target on Intercontinental Exchange and gave the company a “buy” rating in a research note on Thursday, September 20th. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $83.29.
About Intercontinental Exchange
Intercontinental Exchange, Inc operates regulated exchanges, clearing houses, and listings venues for financial and commodity markets in the United States, the United Kingdom, Continental Europe, Asia, Israel, and Canada. It operates through two segments, Trading and Clearing; and Data and Listings. The company operates marketplaces for listing, trading, and clearing an array of derivatives and securities contracts across various asset classes, including energy and agricultural commodities, interest rates, equities, equity and credit derivatives, exchange traded funds, bonds, and currencies.
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