Intercontinental Exchange Inc (NYSE:ICE) to Post FY2019 Earnings of $3.89 Per Share, Oppenheimer Forecasts

Intercontinental Exchange Inc (NYSE:ICE) – Stock analysts at Oppenheimer lowered their FY2019 EPS estimates for shares of Intercontinental Exchange in a report issued on Sunday, December 8th. Oppenheimer analyst O. Lau now expects that the financial services provider will post earnings of $3.89 per share for the year, down from their prior estimate of $3.90. Oppenheimer currently has a “Outperform” rating and a $100.00 target price on the stock. Oppenheimer also issued estimates for Intercontinental Exchange’s Q4 2019 earnings at $0.96 EPS, Q4 2020 earnings at $1.07 EPS, FY2020 earnings at $4.20 EPS and FY2021 earnings at $4.57 EPS.

A number of other research firms have also issued reports on ICE. Compass Point set a $105.00 price target on Intercontinental Exchange and gave the stock a “buy” rating in a report on Friday, November 1st. Barclays set a $104.00 price objective on Intercontinental Exchange and gave the company a “buy” rating in a research note on Sunday, November 3rd. UBS Group set a $108.00 price objective on Intercontinental Exchange and gave the stock a “buy” rating in a research report on Friday, November 1st. FIX started coverage on Intercontinental Exchange in a research note on Monday, September 16th. They issued an “outperform” rating and a $100.00 target price on the stock. Finally, Wells Fargo & Co reissued a “hold” rating on shares of Intercontinental Exchange in a report on Monday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have issued a buy rating to the stock. Intercontinental Exchange has a consensus rating of “Buy” and an average price target of $96.54.

Shares of NYSE:ICE opened at $92.88 on Tuesday. Intercontinental Exchange has a one year low of $69.69 and a one year high of $95.56. The stock has a market capitalization of $52.23 billion, a price-to-earnings ratio of 25.87, a PEG ratio of 2.91 and a beta of 0.47. The company has a 50-day simple moving average of $92.88 and a 200-day simple moving average of $90.55. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.00 and a current ratio of 1.00.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings data on Thursday, October 31st. The financial services provider reported $1.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.95 by $0.11. The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.32 billion. Intercontinental Exchange had a net margin of 31.97% and a return on equity of 12.79%. Intercontinental Exchange’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same period last year, the firm posted $0.85 EPS.

In other Intercontinental Exchange news, Vice Chairman Charles A. Vice sold 25,000 shares of Intercontinental Exchange stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $92.57, for a total value of $2,314,250.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Jean Marc Forneri sold 2,968 shares of Intercontinental Exchange stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $93.55, for a total value of $277,656.40. Following the completion of the sale, the director now directly owns 19,932 shares in the company, valued at approximately $1,864,638.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 51,441 shares of company stock worth $4,791,023. Company insiders own 1.50% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Man Group plc lifted its holdings in Intercontinental Exchange by 9.2% in the third quarter. Man Group plc now owns 982,270 shares of the financial services provider’s stock valued at $90,635,000 after acquiring an additional 83,078 shares during the period. Voloridge Investment Management LLC grew its stake in shares of Intercontinental Exchange by 308.8% during the 3rd quarter. Voloridge Investment Management LLC now owns 250,236 shares of the financial services provider’s stock worth $23,089,000 after purchasing an additional 189,024 shares during the period. National Pension Service grew its stake in shares of Intercontinental Exchange by 5.0% during the 3rd quarter. National Pension Service now owns 696,527 shares of the financial services provider’s stock worth $64,269,000 after purchasing an additional 33,286 shares during the period. Public Employees Retirement System of Ohio increased its holdings in shares of Intercontinental Exchange by 0.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 418,903 shares of the financial services provider’s stock valued at $38,652,000 after purchasing an additional 1,806 shares in the last quarter. Finally, Integrated Wealth Concepts LLC purchased a new position in shares of Intercontinental Exchange in the 3rd quarter valued at about $206,000. Institutional investors own 89.32% of the company’s stock.

About Intercontinental Exchange

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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Earnings History and Estimates for Intercontinental Exchange (NYSE:ICE)

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