Analysts expect that Intercontinental Exchange Inc (NYSE:ICE) will announce $1.19 billion in sales for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Intercontinental Exchange’s earnings. Intercontinental Exchange reported sales of $1.14 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 4.4%. The firm is scheduled to announce its next earnings results before the market opens on Wednesday, October 31st.
On average, analysts expect that Intercontinental Exchange will report full year sales of $4.89 billion for the current financial year, with estimates ranging from $4.87 billion to $4.91 billion. For the next fiscal year, analysts forecast that the company will report sales of $5.18 billion, with estimates ranging from $5.17 billion to $5.19 billion. Zacks’ sales calculations are an average based on a survey of analysts that follow Intercontinental Exchange.
Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings results on Thursday, August 2nd. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.01. Intercontinental Exchange had a net margin of 41.83% and a return on equity of 11.45%. The business had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.24 billion. During the same period in the prior year, the business posted $0.75 earnings per share. The company’s revenue was up 5.6% on a year-over-year basis.
In related news, CEO Jeffrey C. Sprecher sold 80,000 shares of the stock in a transaction dated Wednesday, August 22nd. The shares were sold at an average price of $73.28, for a total value of $5,862,400.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Johnathan H. Short sold 6,000 shares of the stock in a transaction dated Wednesday, October 10th. The stock was sold at an average price of $75.73, for a total transaction of $454,380.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 288,819 shares of company stock valued at $21,703,215. 1.50% of the stock is currently owned by company insiders.
A number of hedge funds have recently added to or reduced their stakes in the stock. Colony Group LLC raised its stake in Intercontinental Exchange by 19.4% in the second quarter. Colony Group LLC now owns 4,221 shares of the financial services provider’s stock worth $310,000 after buying an additional 686 shares in the last quarter. Atria Investments LLC raised its stake in Intercontinental Exchange by 4.0% in the third quarter. Atria Investments LLC now owns 17,877 shares of the financial services provider’s stock worth $1,339,000 after buying an additional 692 shares in the last quarter. DNB Asset Management AS raised its stake in Intercontinental Exchange by 0.3% in the third quarter. DNB Asset Management AS now owns 205,036 shares of the financial services provider’s stock worth $15,355,000 after buying an additional 706 shares in the last quarter. Traynor Capital Management Inc. raised its stake in Intercontinental Exchange by 15.4% in the second quarter. Traynor Capital Management Inc. now owns 5,309 shares of the financial services provider’s stock worth $391,000 after buying an additional 707 shares in the last quarter. Finally, World Asset Management Inc raised its stake in Intercontinental Exchange by 2.0% in the second quarter. World Asset Management Inc now owns 37,002 shares of the financial services provider’s stock worth $2,721,000 after buying an additional 709 shares in the last quarter. 88.52% of the stock is owned by institutional investors.
Intercontinental Exchange stock opened at $74.93 on Wednesday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.25. The stock has a market cap of $42.94 billion, a PE ratio of 25.39, a PEG ratio of 2.18 and a beta of 0.65. Intercontinental Exchange has a 1-year low of $64.91 and a 1-year high of $78.48.
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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