Intercontinental Exchange, Inc. (NYSE:ICE) to post earnings of $1.41 per share in the first quarter of 2022, according to Jefferies Financial Group forecast
Intercontinental Exchange, Inc. (NYSE:ICE – Get Rating) – Jefferies Financial Group raised its earnings per share estimate for the first quarter of 2022 for the Intercontinental Exchange in a research report released Monday, April 11. Jefferies Financial Group analyst D. Fannon now expects the financial services provider to post earnings per share of $1.41 for the quarter, up from its previous estimate of $1.38. Jefferies Financial Group also released estimates for Intercontinental Exchange FY2022 earnings at $5.52 EPS, Q1 2023 earnings at $1.45 EPS, Q2 2023 earnings at $1.44 EPS , Q3 2023 earnings at $1.50 EPS and Q4 2023 earnings at $1.55 EPS.
A number of other stock analysts have also recently commented on ICE. UBS Group reduced its price target on Intercontinental Exchange shares from $164.00 to $149.00 in a Friday, February 4 research note. Citigroup cut its price target on Intercontinental Exchange shares from $160.00 to $152.00 in a research note on Wednesday. Morgan Stanley raised its price target on Intercontinental Exchange shares from $145.00 to $147.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Zacks Investment Research downgraded Intercontinental Exchange from a “buy” rating to a “hold” rating and set a price target of $137.00 for the stock. in a research report on Friday, January 14. Finally, Rosenblatt Securities raised its price target on the Intercontinental Exchange from $156.00 to $157.00 and gave the stock a “buy” rating in a Tuesday, March 8 research report. Four analysts gave the stock a hold rating, six gave the company a buy rating and two gave the company’s stock a strong buy rating. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $153.90.
NYSE:ICE shares opened at $125.83 on Tuesday. The company has a market cap of $70.52 billion, a price-to-earnings ratio of 17.53, a growth price-to-earnings ratio of 2.49, and a beta of 0.84. Intercontinental Exchange has a 52-week low of $109.04 and a 52-week high of $139.79. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt ratio of 0.54. The company has a 50-day moving average of $129.57 and a 200-day moving average of $130.35. Intercontinental Exchange (NYSE:ICE – Get Rating) last announced its quarterly results on Thursday, February 3. The financial services provider reported earnings per share (EPS) of $1.34 for the quarter, beating analyst consensus estimates of $1.32 by $0.02. The company posted revenue of $1.84 billion in the quarter, versus analyst estimates of $1.82 billion. Intercontinental Exchange achieved a return on equity of 13.62% and a net margin of 44.26%. Intercontinental Exchange’s quarterly revenue increased 10.1% year over year. In the same quarter a year earlier, the company had earned earnings per share of $1.13.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 31. Shareholders of record on Thursday, March 17 received a dividend of $0.38 per share. The ex-dividend date was Wednesday, March 16. This is a positive change from Intercontinental Exchange’s previous quarterly dividend of $0.33. This represents a dividend of $1.52 on an annualized basis and a dividend yield of 1.21%. The Intercontinental Exchange payout ratio is 21.17%.
Separately, CFO Warren Gardiner sold 2,034 shares of the company in a trade on Thursday, February 24. The shares were sold at an average price of $120.95, for a total transaction of $246,012.30. The sale was disclosed in a document filed with the SEC, accessible via the SEC’s website. Additionally, insider David S. Goone sold 36,570 shares of the company in a trade on Friday, March 4. The shares were sold at an average price of $135.02, for a total transaction of $4,937,681.40. The disclosure of this sale can be found here. Insiders have sold 90,224 shares of the company worth $11,688,307 over the past three months. Company insiders own 1.30% of the company’s shares.
Major investors have recently been buying and selling shares of the company. Andesa Financial Management Inc. increased its holdings in Intercontinental Exchange by 38.7% in the fourth quarter. Andesa Financial Management Inc. now owns 2,385 shares of the financial services provider valued at $326,000 after buying an additional 666 shares in the last quarter. Haverford Trust Co increased its stake in Intercontinental Exchange shares by 5.0% during the third quarter. Haverford Trust Co now owns 637,311 shares of the financial services provider worth $73,176,000 after acquiring an additional 30,322 shares last quarter. Ossiam increased its stake in Intercontinental Exchange shares by 297.8% during the 3rd quarter. Ossiam now owns 50,096 shares of the financial services provider worth $5,752,000 after acquiring 37,502 additional shares last quarter. TPI Fund Managers Ltd increased its stake in Intercontinental Exchange shares by 0.6% during the third quarter. TPI Fund Managers Ltd now owns 206,049 shares of the financial services provider worth $23,659,000 after acquiring an additional 1,250 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in Intercontinental Exchange shares by 1.7% during the third quarter. Geode Capital Management LLC now owns 9,213,568 shares of the financial services provider worth $1,054,997,000 after acquiring an additional 155,402 shares last quarter. 87.56% of the shares are currently held by institutional investors.
About intercontinental exchange (Get a rating)
Intercontinental Exchange, Inc, together with its subsidiaries, operates regulated exchanges, clearing houses and listing venues for the commodities, financials, fixed income and equity markets in the United States, United Kingdom, European Union, Singapore, Israel and Canada. . It operates through three segments: Exchanges, Fixed Income and Data Services, and Mortgage Technology.
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