Equities research analysts expect that Intercontinental Exchange, Inc. (NYSE:ICE – Get Rating) will report sales of $1.84 billion for the current fiscal quarter, according to Zacks. Five analysts have made estimates for Intercontinental Exchange’s earnings, with the lowest sales estimate coming in at $1.81 billion and the highest estimate coming in at $1.87 billion. Intercontinental Exchange reported sales of $1.71 billion in the same quarter last year, which would suggest a positive year over year growth rate of 7.6%. The company is expected to report its next quarterly earnings report on Monday, January 1st.
On average, analysts expect that Intercontinental Exchange will report full-year sales of $7.47 billion for the current fiscal year, with estimates ranging from $7.41 billion to $7.52 billion. For the next year, analysts expect that the business will post sales of $7.80 billion, with estimates ranging from $7.62 billion to $8.06 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Intercontinental Exchange.
Intercontinental Exchange (NYSE:ICE – Get Rating) last issued its quarterly earnings results on Thursday, May 5th. The financial services provider reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.01. Intercontinental Exchange had a net margin of 44.24% and a return on equity of 13.41%. The company had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.90 billion. During the same quarter in the prior year, the company earned $1.34 EPS. Intercontinental Exchange’s quarterly revenue was up 5.7% on a year-over-year basis.
In other Intercontinental Exchange news, insider Christopher Scott Edmonds sold 492 shares of the business’s stock in a transaction dated Thursday, May 19th. The shares were sold at an average price of $93.61, for a total value of $46,056.12. Following the transaction, the insider now directly owns 14,119 shares in the company, valued at approximately $1,321,679.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David S. Goone sold 36,570 shares of the business’s stock in a transaction dated Friday, March 4th. The shares were sold at an average price of $135.02, for a total transaction of $4,937,681.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 61,245 shares of company stock valued at $8,005,631. 1.30% of the stock is owned by corporate insiders.
Hedge funds have recently modified their holdings of the company. NuWave Investment Management LLC acquired a new position in shares of Intercontinental Exchange in the 4th quarter worth approximately $25,000. CVA Family Office LLC increased its position in shares of Intercontinental Exchange by 345.2% in the 4th quarter. CVA Family Office LLC now owns 187 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 145 shares during the last quarter. Curi Wealth Management LLC purchased a new stake in shares of Intercontinental Exchange in the 4th quarter valued at approximately $27,000. Rather & Kittrell Inc. purchased a new stake in shares of Intercontinental Exchange in the 4th quarter valued at approximately $27,000. Finally, Salem Investment Counselors Inc. purchased a new stake in shares of Intercontinental Exchange in the 4th quarter valued at approximately $29,000. Hedge funds and other institutional investors own 87.36% of the company’s stock.
NYSE:ICE traded up $1.67 during midday trading on Monday, hitting $99.19. The company’s stock had a trading volume of 127,005 shares, compared to its average volume of 3,250,943. Intercontinental Exchange has a fifty-two week low of $93.45 and a fifty-two week high of $139.79. The firm’s 50 day moving average is $117.73 and its 200-day moving average is $126.14. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a market cap of $55.37 billion, a P/E ratio of 13.54, a P/E/G ratio of 1.87 and a beta of 0.88.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 30th. Investors of record on Wednesday, June 15th will be paid a dividend of $0.38 per share. The ex-dividend date is Tuesday, June 14th. This represents a $1.52 annualized dividend and a yield of 1.53%. Intercontinental Exchange’s dividend payout ratio is presently 21.11%.
Intercontinental Exchange Company Profile (Get Rating)
Intercontinental Exchange, Inc, together with its subsidiaries, operates regulated exchanges, clearing houses, and listings venues for commodity, financial, fixed income, and equity markets in the United States, the United Kingdom, the European Union, Singapore, Israel, and Canada. It operates through three segments: Exchanges, Fixed Income and Data Services, and Mortgage Technology.
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