Wall Street analysts expect that Intercontinental Exchange Inc (NYSE:ICE) will post sales of $1.29 billion for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Intercontinental Exchange’s earnings, with estimates ranging from $1.28 billion to $1.30 billion. Intercontinental Exchange posted sales of $1.25 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 3.2%. The business is expected to announce its next earnings results on Thursday, August 1st.
According to Zacks, analysts expect that Intercontinental Exchange will report full year sales of $5.14 billion for the current financial year, with estimates ranging from $5.11 billion to $5.16 billion. For the next financial year, analysts forecast that the company will post sales of $5.43 billion, with estimates ranging from $5.34 billion to $5.49 billion. Zacks’ sales averages are an average based on a survey of research firms that follow Intercontinental Exchange.
Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings data on Thursday, May 2nd. The financial services provider reported $0.92 EPS for the quarter, beating the consensus estimate of $0.90 by $0.02. The business had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.28 billion. Intercontinental Exchange had a return on equity of 12.22% and a net margin of 31.98%. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.90 earnings per share.
Shares of ICE traded up $0.58 during trading hours on Monday, hitting $81.19. The company had a trading volume of 77,630 shares, compared to its average volume of 2,865,514. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a market cap of $45.87 billion, a PE ratio of 22.66, a P/E/G ratio of 2.63 and a beta of 0.50. Intercontinental Exchange has a 52-week low of $69.33 and a 52-week high of $82.65.
In related news, CEO Jeffrey C. Sprecher sold 92,502 shares of the business’s stock in a transaction that occurred on Wednesday, February 20th. The stock was sold at an average price of $74.33, for a total value of $6,875,673.66. Following the transaction, the chief executive officer now directly owns 1,553,471 shares of the company’s stock, valued at approximately $115,469,499.43. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Scott A. Hill sold 26,933 shares of the business’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $73.32, for a total value of $1,974,727.56. Following the completion of the transaction, the chief financial officer now directly owns 188,688 shares in the company, valued at $13,834,604.16. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 215,457 shares of company stock valued at $16,327,598. 1.50% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. lifted its holdings in Intercontinental Exchange by 0.8% in the 4th quarter. BlackRock Inc. now owns 33,815,473 shares of the financial services provider’s stock worth $2,547,321,000 after purchasing an additional 267,793 shares in the last quarter. Lazard Asset Management LLC raised its holdings in shares of Intercontinental Exchange by 63.8% during the 1st quarter. Lazard Asset Management LLC now owns 12,800,711 shares of the financial services provider’s stock worth $974,645,000 after acquiring an additional 4,986,008 shares in the last quarter. Janus Henderson Group PLC raised its holdings in shares of Intercontinental Exchange by 2.9% during the 1st quarter. Janus Henderson Group PLC now owns 11,776,528 shares of the financial services provider’s stock worth $896,651,000 after acquiring an additional 333,709 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Intercontinental Exchange by 2.3% during the 1st quarter. Northern Trust Corp now owns 10,964,061 shares of the financial services provider’s stock worth $834,803,000 after acquiring an additional 248,097 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. raised its holdings in shares of Intercontinental Exchange by 7.3% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 8,538,972 shares of the financial services provider’s stock worth $643,240,000 after acquiring an additional 579,012 shares in the last quarter. 90.94% of the stock is currently owned by institutional investors.
Intercontinental Exchange Company Profile
Intercontinental Exchange, Inc operates regulated exchanges, clearing houses, and listings venues for commodity, financial, fixed income, and equity markets in the United States, the United Kingdom, European Union, Asia, Israel, and Canada. It operates through two segments, Trading and Clearing; and Data and Listings.
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