$0.73 EPS Expected for Intercontinental Exchange Inc (ICE) This Quarter
Equities analysts forecast that Intercontinental Exchange Inc (NYSE:ICE) will post $0.73 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Intercontinental Exchange’s earnings. The lowest EPS estimate is $0.72 and the highest is $0.74. Intercontinental Exchange reported earnings of $0.71 per share in the same quarter last year, which suggests a positive year over year growth rate of 2.8%. The company is expected to issue its next quarterly earnings results on Tuesday, February 6th.
On average, analysts expect that Intercontinental Exchange will report full-year earnings of $2.95 per share for the current year, with EPS estimates ranging from $2.94 to $2.96. For the next fiscal year, analysts expect that the business will report earnings of $3.37 per share, with EPS estimates ranging from $3.24 to $3.57. Zacks’ EPS calculations are a mean average based on a survey of research firms that follow Intercontinental Exchange.
Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings data on Thursday, November 2nd. The financial services provider reported $0.73 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.02. The business had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.14 billion. Intercontinental Exchange had a return on equity of 11.01% and a net margin of 27.91%. Intercontinental Exchange’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period last year, the company earned $0.64 earnings per share.
In other Intercontinental Exchange news, Director Jean Marc Forneri sold 8,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $70.68, for a total value of $565,440.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Vice Chairman Charles A. Vice sold 7,500 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $71.93, for a total value of $539,475.00. Following the completion of the transaction, the insider now owns 377,471 shares of the company’s stock, valued at $27,151,489.03. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 78,130 shares of company stock valued at $5,468,644. Corporate insiders own 1.50% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in Intercontinental Exchange by 2.1% in the second quarter. Vanguard Group Inc. now owns 40,162,938 shares of the financial services provider’s stock valued at $2,647,541,000 after purchasing an additional 844,270 shares in the last quarter. BlackRock Inc. lifted its position in shares of Intercontinental Exchange by 1.1% in the second quarter. BlackRock Inc. now owns 35,446,221 shares of the financial services provider’s stock valued at $2,336,613,000 after buying an additional 396,042 shares during the last quarter. Northern Trust Corp lifted its position in shares of Intercontinental Exchange by 19.9% in the second quarter. Northern Trust Corp now owns 11,355,251 shares of the financial services provider’s stock valued at $748,538,000 after buying an additional 1,883,432 shares during the last quarter. Carmignac Gestion lifted its position in shares of Intercontinental Exchange by 0.4% in the second quarter. Carmignac Gestion now owns 10,375,555 shares of the financial services provider’s stock valued at $683,957,000 after buying an additional 40,000 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its position in shares of Intercontinental Exchange by 14.6% in the third quarter. Janus Henderson Group PLC now owns 10,373,823 shares of the financial services provider’s stock valued at $712,683,000 after buying an additional 1,325,290 shares during the last quarter. Hedge funds and other institutional investors own 90.83% of the company’s stock.
Intercontinental Exchange (NYSE ICE) traded up $0.54 during trading hours on Friday, hitting $70.93. The company had a trading volume of 1,641,971 shares, compared to its average volume of 2,699,545. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.01 and a current ratio of 1.01. The company has a market capitalization of $41,495.89, a P/E ratio of 24.29, a PEG ratio of 2.63 and a beta of 0.73. Intercontinental Exchange has a fifty-two week low of $55.79 and a fifty-two week high of $72.99.
Intercontinental Exchange declared that its board has authorized a share buyback plan on Thursday, November 2nd that authorizes the company to repurchase $1.20 billion in shares. This repurchase authorization authorizes the financial services provider to purchase up to 3.1% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.
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.
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