Intercontinental Exchange (NYSE:ICE) is set to post its quarterly earnings results before the market opens on Wednesday, October 31st. Analysts expect Intercontinental Exchange to post earnings of $0.82 per share for the quarter.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings results on Thursday, August 2nd. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.01. Intercontinental Exchange had a return on equity of 11.45% and a net margin of 41.83%. The firm had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.24 billion. During the same period last year, the company earned $0.75 EPS. Intercontinental Exchange’s quarterly revenue was up 5.6% compared to the same quarter last year. On average, analysts expect Intercontinental Exchange to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Shares of ICE stock opened at $73.74 on Monday. Intercontinental Exchange has a 52-week low of $64.98 and a 52-week high of $78.48. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.98 and a quick ratio of 0.98. The company has a market cap of $42.29 billion, a P/E ratio of 25.00, a price-to-earnings-growth ratio of 2.17 and a beta of 0.65.

In other Intercontinental Exchange news, Vice Chairman Charles A. Vice sold 35,000 shares of the firm’s 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 directly owns 419,907 shares in the company, valued at approximately $30,481,049.13. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jeffrey C. Sprecher sold 80,000 shares of the firm’s stock in a transaction on Wednesday, August 22nd. The stock was sold at an average price of $73.28, for a total value of $5,862,400.00. The disclosure for this sale can be found here. Insiders have sold a total of 288,819 shares of company stock worth $21,703,215 over the last 90 days. 1.50% of the stock is currently owned by company insiders.

A number of equities research analysts recently issued reports on the company. ValuEngine raised Intercontinental Exchange from a “hold” rating to a “buy” rating in a research note on Friday, October 19th. Wells Fargo & Co restated a “market perform” rating and set a $80.00 price objective (up from $74.00) on shares of Intercontinental Exchange in a report on Monday, July 9th. Barclays raised their price objective on Intercontinental Exchange from $80.00 to $82.00 and gave the stock an “overweight” rating in a report on Thursday, July 12th. Zacks Investment Research downgraded Intercontinental Exchange from a “buy” rating to a “hold” rating in a report on Wednesday, July 11th. Finally, Citigroup raised their price objective on Intercontinental Exchange from $76.00 to $80.00 and gave the stock a “neutral” rating in a report on Wednesday, July 18th. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Intercontinental Exchange currently has a consensus rating of “Buy” and an average target price of $83.29.

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 for Intercontinental Exchange (NYSE:ICE)

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