Intercontinental Exchange (NYSE:ICE) Releases Quarterly Earnings Results, Beats Expectations By $0.03 EPS

Intercontinental Exchange (NYSE:ICE) released its quarterly earnings results on Thursday. The financial services provider reported $1.07 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.04 by $0.03, RTT News reports. Intercontinental Exchange had a return on equity of 14.14% and a net margin of 29.01%. The business had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.39 billion. During the same quarter in the previous year, the firm posted $0.94 earnings per share. The company’s revenue was up 7.5% compared to the same quarter last year.

Shares of NYSE ICE opened at $96.78 on Friday. The stock has a fifty day moving average price of $93.21 and a two-hundred day moving average price of $91.48. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.99 and a current ratio of 0.99. The firm has a market cap of $52.96 billion, a P/E ratio of 22.20, a PEG ratio of 2.71 and a beta of 0.54. Intercontinental Exchange has a 1 year low of $63.51 and a 1 year high of $101.93.

Several research analysts recently commented on ICE shares. Deutsche Bank cut their price target on Intercontinental Exchange from $114.00 to $111.00 and set a “buy” rating on the stock in a research note on Thursday, July 9th. Keefe, Bruyette & Woods upped their price objective on Intercontinental Exchange from $98.00 to $101.00 and gave the company an “outperform” rating in a research note on Friday. Citigroup upped their price objective on Intercontinental Exchange from $102.00 to $107.00 and gave the company a “buy” rating in a research note on Monday, July 20th. Barclays upped their price objective on Intercontinental Exchange from $95.00 to $100.00 in a research note on Friday, May 1st. Finally, UBS Group cut their price objective on Intercontinental Exchange from $116.00 to $114.00 and set a “buy” rating on the stock in a research note on Thursday, June 4th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $103.64.

In other news, Director William Jefferson Hague sold 733 shares of the stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $96.32, for a total value of $70,602.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jeffrey C. Sprecher sold 100,000 shares of the stock in a transaction on Wednesday, July 22nd. The shares were sold at an average price of $95.54, for a total value of $9,554,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 111,486 shares of company stock valued at $10,632,325. 1.50% of the stock is currently owned by corporate insiders.

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, Singapore, Israel, and Canada. It operates in two segments, Trading and Clearing; and Data and Listings.

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Earnings History for Intercontinental Exchange (NYSE:ICE)

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