Intercontinental Exchange Inc. (NYSE:ICE) – Investment analysts at CLSA issued their FY2019 earnings per share estimates for Intercontinental Exchange in a research report issued to clients and investors on Monday. CLSA analyst R. Rutschow forecasts that the firm will earn $3.60 per share for the year.

ICE has been the topic of a number of other reports. Evercore ISI reiterated a “buy” rating and issued a $63.00 target price on shares of Intercontinental Exchange in a report on Saturday, December 17th. Zacks Investment Research downgraded shares of Intercontinental Exchange from a “hold” rating to a “sell” rating in a report on Friday, October 7th. Finally, Jefferies Group boosted their target price on shares of Intercontinental Exchange from $59.00 to $62.00 and gave the stock a “buy” rating in a report on Tuesday, October 11th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $60.27.

Earnings History and Estimates for Intercontinental Exchange (NYSE:ICE)

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Intercontinental Exchange (NYSE:ICE) traded up 0.12% during trading on Wednesday, hitting $56.84. 3,976,628 shares of the company traded hands. Intercontinental Exchange has a one year low of $45.44 and a one year high of $59.86. The firm has a market cap of $6.54 billion, a P/E ratio of 23.29 and a beta of 0.90. The firm has a 50 day moving average of $57.10 and a 200 day moving average of $54.91.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings results on Tuesday, November 1st. The company reported $3.21 earnings per share for the quarter, missing the Zacks’ consensus estimate of $3.22 by $0.01. The company earned $1.10 billion during the quarter, compared to analyst estimates of $1.08 billion. Intercontinental Exchange had a net margin of 25.29% and a return on equity of 10.57%. The firm’s revenue for the quarter was up 32.1% compared to the same quarter last year. During the same quarter last year, the business earned $2.91 EPS.

In other Intercontinental Exchange news, Director William Jefferson Hague sold 600 shares of the business’s stock in a transaction that occurred on Wednesday, December 21st. The shares were sold at an average price of $58.07, for a total value of $34,842.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Charles A. Vice sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, January 5th. The stock was sold at an average price of $57.08, for a total transaction of $285,400.00. Following the completion of the sale, the insider now directly owns 304,915 shares of the company’s stock, valued at $17,404,548.20. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by company insiders.

TRADEMARK VIOLATION NOTICE: “Intercontinental Exchange Inc. (ICE) to Post FY2019 Earnings of $3.60 Per Share, CLSA Forecasts” was published by American Banking News and is the propert of of American Banking News. If you are accessing this report on another site, it was stolen and reposted in violation of United States and international copyright law. The original version of this report can be read at https://www.americanbankingnews.com/2017/01/11/intercontinental-exchange-inc-ice-to-post-fy2019-earnings-of-3-60-per-share-clsa-forecasts.html.

Hedge funds have recently bought and sold shares of the company. Point72 Asia Hong Kong Ltd acquired a new stake in Intercontinental Exchange during the second quarter valued at approximately $102,000. LSV Asset Management acquired a new stake in Intercontinental Exchange during the second quarter valued at approximately $116,000. Johnson Financial Group Inc. increased its stake in Intercontinental Exchange by 225.0% in the second quarter. Johnson Financial Group Inc. now owns 468 shares of the company’s stock valued at $120,000 after buying an additional 324 shares in the last quarter. SRB Corp acquired a new stake in Intercontinental Exchange during the third quarter valued at approximately $159,000. Finally, Seven Bridges Advisors LLC acquired a new stake in Intercontinental Exchange during the third quarter valued at approximately $164,000. 17.77% of the stock is owned by institutional investors.

About Intercontinental Exchange

Intercontinental Exchange Inc, formerly IntercontinentalExchange Group, Inc, is a network of regulated exchanges and clearing houses for financial and commodity markets. The Company delivers transparent and accessible data, technology and risk management services to markets around the world through its portfolio of exchanges, including the New York Stock Exchange, ICE Futures, Liffe and Euronext.

5 Day Chart for NYSE:ICE

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