Intercontinental Exchange Inc (NYSE:ICE) – Research analysts at Jefferies Financial Group decreased their FY2018 earnings per share estimates for shares of Intercontinental Exchange in a research report issued on Wednesday, October 10th. Jefferies Financial Group analyst D. Fannon now expects that the financial services provider will earn $3.45 per share for the year, down from their previous estimate of $3.47. Jefferies Financial Group also issued estimates for Intercontinental Exchange’s Q1 2019 earnings at $0.96 EPS, Q2 2019 earnings at $0.93 EPS, Q3 2019 earnings at $0.93 EPS, Q4 2019 earnings at $0.98 EPS and FY2019 earnings at $3.79 EPS.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings results on Thursday, August 2nd. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.01. Intercontinental Exchange had a net margin of 41.83% and a return on equity of 11.45%. The firm had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.24 billion. During the same quarter last year, the company earned $0.75 EPS. The firm’s revenue for the quarter was up 5.6% compared to the same quarter last year.

A number of other research firms have also recently issued reports on ICE. ValuEngine raised shares of Intercontinental Exchange from a “hold” rating to a “buy” rating in a research note on Friday, September 7th. Berenberg Bank set a $92.00 target price on shares of Intercontinental Exchange and gave the stock a “buy” rating in a research note on Thursday, September 20th. Zacks Investment Research raised shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a research note on Wednesday, September 19th. Rosenblatt Securities began coverage on shares of Intercontinental Exchange in a research note on Wednesday, September 5th. They set a “buy” rating and a $88.00 target price on the stock. Finally, FIX began coverage on shares of Intercontinental Exchange in a research note on Wednesday, September 5th. They set a “buy” rating and a $88.00 target price on the stock. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $82.80.

Intercontinental Exchange stock opened at $73.30 on Thursday. Intercontinental Exchange has a 1 year low of $64.91 and a 1 year high of $78.48. The firm has a market capitalization of $42.94 billion, a P/E ratio of 24.86, a P/E/G ratio of 2.18 and a beta of 0.65. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.98 and a current ratio of 0.98.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Broadleaf Partners LLC raised its holdings in shares of Intercontinental Exchange by 21.2% during the 3rd quarter. Broadleaf Partners LLC now owns 43,023 shares of the financial services provider’s stock worth $3,222,000 after acquiring an additional 7,515 shares during the period. Bank of Montreal Can raised its holdings in shares of Intercontinental Exchange by 55.2% during the 3rd quarter. Bank of Montreal Can now owns 285,472 shares of the financial services provider’s stock worth $21,379,000 after acquiring an additional 101,542 shares during the period. Chesley Taft & Associates LLC raised its holdings in shares of Intercontinental Exchange by 1.4% during the 3rd quarter. Chesley Taft & Associates LLC now owns 95,503 shares of the financial services provider’s stock worth $7,152,000 after acquiring an additional 1,350 shares during the period. Swedbank purchased a new position in shares of Intercontinental Exchange during the 3rd quarter worth $106,185,000. Finally, Arrow Financial Corp raised its holdings in shares of Intercontinental Exchange by 3.2% during the 3rd quarter. Arrow Financial Corp now owns 52,527 shares of the financial services provider’s stock worth $3,933,000 after acquiring an additional 1,647 shares during the period. Institutional investors and hedge funds own 88.52% of the company’s stock.

In other news, Vice Chairman Charles A. Vice sold 35,000 shares of Intercontinental Exchange stock in a transaction on Monday, August 6th. The stock was sold at an average price of $72.59, for a total transaction of $2,540,650.00. Following the transaction, the insider now owns 419,907 shares in the company, valued at approximately $30,481,049.13. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Mark Wassersug sold 7,898 shares of Intercontinental Exchange stock in a transaction on Monday, July 16th. The stock was sold at an average price of $75.06, for a total value of $592,823.88. Following the transaction, the chief operating officer now owns 32,348 shares in the company, valued at approximately $2,428,040.88. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 296,717 shares of company stock worth $22,296,039. 1.50% of the stock is currently owned by corporate insiders.

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

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