Wall Street brokerages expect Intercontinental Exchange Inc (NYSE:ICE) to report $0.88 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Intercontinental Exchange’s earnings. The highest EPS estimate is $0.94 and the lowest is $0.84. Intercontinental Exchange posted earnings of $0.73 per share during the same quarter last year, which suggests a positive year over year growth rate of 20.5%. The firm is expected to report its next quarterly earnings results on Wednesday, February 6th.

On average, analysts expect that Intercontinental Exchange will report full-year earnings of $3.54 per share for the current fiscal year, with EPS estimates ranging from $3.49 to $3.59. For the next fiscal year, analysts expect that the company will post earnings of $3.87 per share, with EPS estimates ranging from $3.77 to $4.10. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that cover Intercontinental Exchange.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings data on Wednesday, October 31st. The financial services provider reported $0.85 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.05. The firm had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.19 billion. Intercontinental Exchange had a net margin of 43.09% and a return on equity of 11.67%. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter last year, the business posted $0.73 EPS.

Several equities research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Intercontinental Exchange from a “hold” rating to a “buy” rating and set a $91.00 price target for the company in a research note on Friday, November 30th. Berenberg Bank lowered shares of Intercontinental Exchange from a “buy” rating to a “hold” rating and set a $87.00 price target for the company. in a research note on Tuesday, November 20th. Atlantic Securities assumed coverage on shares of Intercontinental Exchange in a research note on Wednesday, November 28th. They set an “overweight” rating for the company. Deutsche Bank raised their price target on shares of Intercontinental Exchange from $85.00 to $86.00 and gave the stock a “buy” rating in a research note on Friday, November 16th. Finally, ValuEngine upgraded shares of Intercontinental Exchange from a “hold” rating to a “buy” rating in a research note on Friday, September 7th. Three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $84.50.

In other news, General Counsel Andrew J. Surdykowski sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 15th. The shares were sold at an average price of $80.00, for a total transaction of $80,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Benjamin Jackson sold 2,860 shares of the firm’s stock in a transaction that occurred on Friday, September 14th. The stock was sold at an average price of $77.88, for a total transaction of $222,736.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 145,166 shares of company stock valued at $11,289,285. 1.50% of the stock is currently owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. Evercore Wealth Management LLC grew its stake in Intercontinental Exchange by 3.7% in the 3rd quarter. Evercore Wealth Management LLC now owns 18,902 shares of the financial services provider’s stock valued at $1,416,000 after buying an additional 668 shares in the last quarter. Alerus Financial NA grew its stake in Intercontinental Exchange by 0.9% in the 3rd quarter. Alerus Financial NA now owns 73,191 shares of the financial services provider’s stock valued at $5,481,000 after buying an additional 677 shares in the last quarter. Colony Group LLC grew its stake in Intercontinental Exchange by 19.4% in the 2nd quarter. Colony Group LLC now owns 4,221 shares of the financial services provider’s stock valued at $310,000 after buying an additional 686 shares in the last quarter. Atria Investments LLC grew its stake in Intercontinental Exchange by 4.0% in the 3rd quarter. Atria Investments LLC now owns 17,877 shares of the financial services provider’s stock valued at $1,339,000 after buying an additional 692 shares in the last quarter. Finally, DNB Asset Management AS grew its stake in Intercontinental Exchange by 0.3% in the 3rd quarter. DNB Asset Management AS now owns 205,036 shares of the financial services provider’s stock valued at $15,355,000 after buying an additional 706 shares in the last quarter. Institutional investors and hedge funds own 89.09% of the company’s stock.

NYSE:ICE traded down $0.71 on Friday, hitting $78.55. The stock had a trading volume of 2,590,231 shares, compared to its average volume of 3,082,957. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.00 and a current ratio of 1.00. The firm has a market cap of $45.15 billion, a price-to-earnings ratio of 26.63, a price-to-earnings-growth ratio of 2.27 and a beta of 0.50. Intercontinental Exchange has a 1 year low of $66.92 and a 1 year high of $82.65.

Intercontinental Exchange announced that its Board of Directors has initiated a stock buyback program on Wednesday, October 31st that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the financial services provider to buy up to 4.8% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

About Intercontinental Exchange

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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