Intercontinental Exchange (NYSE:ICE) announced its quarterly earnings data on Thursday. The financial services provider reported $0.94 EPS for the quarter, beating the Zacks’ consensus estimate of $0.92 by $0.02, Briefing.com reports. The business had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.29 billion. Intercontinental Exchange had a return on equity of 12.22% and a net margin of 31.98%. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.90 earnings per share.
Shares of ICE traded up $1.22 during midday trading on Friday, reaching $90.42. 2,635,040 shares of the company were exchanged, compared to its average volume of 1,800,494. The company’s 50-day moving average is $88.39. The stock has a market capitalization of $50.98 billion, a P/E ratio of 25.19, a price-to-earnings-growth ratio of 2.83 and a beta of 0.50. Intercontinental Exchange has a 1-year low of $69.69 and a 1-year high of $92.31. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.01 and a current ratio of 1.01.
A number of equities research analysts have recently commented on ICE shares. Zacks Investment Research downgraded Intercontinental Exchange from a “hold” rating to a “sell” rating in a research report on Wednesday, April 10th. ValuEngine raised Intercontinental Exchange from a “hold” rating to a “buy” rating in a research report on Monday, May 13th. Raymond James lifted their price objective on Intercontinental Exchange from $89.00 to $94.00 and gave the company an “outperform” rating in a research report on Friday, July 5th. Bank of America set a $85.00 price objective on Intercontinental Exchange and gave the company a “buy” rating in a research report on Tuesday, April 9th. Finally, Citigroup downgraded Intercontinental Exchange from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $92.00 to $99.00 in a research report on Monday, July 22nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $88.21.
About Intercontinental Exchange
Intercontinental Exchange, Inc operates regulated exchanges, clearing houses, and listings venues for commodity, financial, fixed income, and equity markets in the United States, the United Kingdom, European Union, Asia, Israel, and Canada. It operates through two segments, Trading and Clearing; and Data and Listings.
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