Wall Street analysts expect Intercontinental Exchange (NYSE:ICE) to announce $1.22 billion in sales for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Intercontinental Exchange’s earnings, with the highest sales estimate coming in at $1.23 billion and the lowest estimate coming in at $1.21 billion. Intercontinental Exchange posted sales of $1.16 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 5.2%. The company is scheduled to report its next earnings results before the market opens on Thursday, May 3rd.
According to Zacks, analysts expect that Intercontinental Exchange will report full-year sales of $4.89 billion for the current financial year, with estimates ranging from $4.86 billion to $4.92 billion. For the next fiscal year, analysts forecast that the business will report sales of $5.16 billion per share, with estimates ranging from $5.14 billion to $5.20 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover Intercontinental Exchange.
Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings results on Wednesday, February 7th. The financial services provider reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.01. Intercontinental Exchange had a net margin of 43.09% and a return on equity of 10.83%. The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same period last year, the firm earned $0.71 earnings per share. The firm’s revenue was up .5% on a year-over-year basis.
Shares of ICE traded up $0.08 during trading hours on Tuesday, reaching $72.54. 2,095,329 shares of the stock traded hands, compared to its average volume of 2,655,203. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.99 and a quick ratio of 0.99. Intercontinental Exchange has a 52 week low of $57.91 and a 52 week high of $76.30. The firm has a market capitalization of $42,193.04, a P/E ratio of 24.59, a PEG ratio of 2.54 and a beta of 0.64.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Thursday, September 13th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Wednesday, September 12th. This represents a $0.96 annualized dividend and a dividend yield of 1.32%. Intercontinental Exchange’s payout ratio is 32.54%.
In other news, President Benjamin Jackson sold 2,500 shares of Intercontinental Exchange stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $72.75, for a total value of $181,875.00. Following the completion of the transaction, the president now owns 64,154 shares in the company, valued at $4,667,203.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Dean S. Mathison sold 1,042 shares of Intercontinental Exchange stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $75.79, for a total transaction of $78,973.18. Following the completion of the transaction, the insider now owns 12,485 shares of the company’s stock, valued at approximately $946,238.15. The disclosure for this sale can be found here. Insiders sold 229,548 shares of company stock valued at $16,812,759 in the last quarter. Corporate insiders own 1.50% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of ICE. BlackRock Inc. increased its stake in shares of Intercontinental Exchange by 6.0% in the fourth quarter. BlackRock Inc. now owns 37,271,704 shares of the financial services provider’s stock worth $2,629,892,000 after purchasing an additional 2,104,818 shares in the last quarter. TIAA CREF Investment Management LLC increased its stake in shares of Intercontinental Exchange by 30.9% in the fourth quarter. TIAA CREF Investment Management LLC now owns 3,169,009 shares of the financial services provider’s stock worth $223,605,000 after purchasing an additional 747,757 shares in the last quarter. Millennium Management LLC increased its stake in shares of Intercontinental Exchange by 54.7% in the fourth quarter. Millennium Management LLC now owns 1,613,351 shares of the financial services provider’s stock worth $113,838,000 after purchasing an additional 570,492 shares in the last quarter. Wells Fargo & Company MN increased its stake in shares of Intercontinental Exchange by 10.9% in the fourth quarter. Wells Fargo & Company MN now owns 5,647,728 shares of the financial services provider’s stock worth $398,504,000 after purchasing an additional 557,332 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake in shares of Intercontinental Exchange by 90.6% in the fourth quarter. Renaissance Technologies LLC now owns 1,121,790 shares of the financial services provider’s stock worth $79,154,000 after purchasing an additional 533,100 shares in the last quarter. Hedge funds and other institutional investors own 90.74% of the company’s stock.
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Intercontinental Exchange Company Profile
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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