Intercontinental Exchange (ICE) to Release Earnings on Thursday

Intercontinental Exchange (NYSE:ICE) is set to post its quarterly earnings results before the market opens on Thursday, October 31st. Analysts expect Intercontinental Exchange to post earnings of $1.50 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Intercontinental Exchange (NYSE:ICE) last announced its earnings results on Thursday, August 1st. The financial services provider reported $1.52 EPS for the quarter, beating analysts’ consensus estimates of $1.49 by $0.03. The business had revenue of $2.32 billion for the quarter, compared to analysts’ expectations of $2.31 billion. Intercontinental Exchange had a net margin of 21.43% and a return on equity of 12.70%. The company’s quarterly revenue was up 22.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.43 EPS. On average, analysts expect Intercontinental Exchange to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Intercontinental Exchange Stock Performance

Shares of Intercontinental Exchange stock opened at $166.72 on Wednesday. The firm’s fifty day simple moving average is $161.97 and its 200-day simple moving average is $147.84. The stock has a market capitalization of $95.72 billion, a price-to-earnings ratio of 41.27, a PEG ratio of 2.50 and a beta of 1.08. Intercontinental Exchange has a 12 month low of $104.91 and a 12 month high of $167.64. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.99 and a quick ratio of 0.99.

Wall Street Analyst Weigh In

ICE has been the topic of a number of recent research reports. JPMorgan Chase & Co. lifted their target price on shares of Intercontinental Exchange from $171.00 to $188.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Intercontinental Exchange from $152.00 to $154.00 and gave the company a “hold” rating in a research report on Thursday, August 15th. Raymond James lowered shares of Intercontinental Exchange from a “strong-buy” rating to an “outperform” rating and set a $185.00 price objective on the stock. in a research report on Monday, October 14th. Barclays lifted their price objective on shares of Intercontinental Exchange from $167.00 to $179.00 and gave the company an “overweight” rating in a research report on Monday, October 7th. Finally, Piper Sandler lifted their price objective on shares of Intercontinental Exchange from $170.00 to $180.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. One analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $173.93.

Insider Buying and Selling

In related news, General Counsel Andrew J. Surdykowski sold 2,048 shares of the business’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $159.57, for a total value of $326,799.36. Following the completion of the transaction, the general counsel now owns 44,865 shares of the company’s stock, valued at approximately $7,159,108.05. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, Director Martha A. Tirinnanzi sold 509 shares of the company’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $158.98, for a total transaction of $80,920.82. Following the completion of the sale, the director now directly owns 3,958 shares in the company, valued at $629,242.84. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, General Counsel Andrew J. Surdykowski sold 2,048 shares of the company’s stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $159.57, for a total value of $326,799.36. Following the sale, the general counsel now owns 44,865 shares of the company’s stock, valued at approximately $7,159,108.05. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,489 shares of company stock worth $1,202,259 in the last three months. Corporate insiders own 1.10% of the company’s stock.

About Intercontinental Exchange

Intercontinental Exchange, Inc, together with its subsidiaries, engages in the provision of market infrastructure, data services, and technology solutions for financial institutions, corporations, and government entities in the United States, the United Kingdom, the European Union, Singapore, India, Abu Dhabi, Israel, and Canada.