Intercontinental Exchange (ICE) Projected to Post Earnings on Thursday

Intercontinental Exchange (NYSE:ICE - Get Free Report) will likely be posting its Q1 2025 quarterly earnings results before the market opens on Thursday, May 1st. Analysts expect Intercontinental Exchange to post earnings of $1.66 per share and revenue of $2.44 billion for the quarter.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last released its earnings results on Thursday, February 6th. The financial services provider reported $1.52 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.53 by ($0.01). Intercontinental Exchange had a net margin of 23.42% and a return on equity of 12.95%. On average, analysts expect Intercontinental Exchange to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Intercontinental Exchange Price Performance

NYSE ICE traded up $0.42 during trading on Friday, hitting $163.40. 1,642,782 shares of the company's stock were exchanged, compared to its average volume of 2,930,081. The stock's 50 day moving average price is $166.46 and its two-hundred day moving average price is $160.44. Intercontinental Exchange has a fifty-two week low of $124.34 and a fifty-two week high of $177.45. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.63. The company has a market cap of $93.87 billion, a PE ratio of 34.18, a P/E/G ratio of 2.10 and a beta of 1.09.

Intercontinental Exchange Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th will be given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date of this dividend is Tuesday, December 16th. Intercontinental Exchange's dividend payout ratio is 40.17%.

Analyst Ratings Changes

Several research analysts have recently issued reports on ICE shares. Bank of America lowered their price target on shares of Intercontinental Exchange from $237.00 to $230.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. JPMorgan Chase & Co. lowered their target price on Intercontinental Exchange from $190.00 to $189.00 and set an "overweight" rating for the company in a report on Friday, January 17th. UBS Group lifted their price target on Intercontinental Exchange from $185.00 to $195.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Keefe, Bruyette & Woods upped their price objective on Intercontinental Exchange from $178.00 to $186.00 and gave the company an "outperform" rating in a research note on Friday, February 7th. Finally, Barclays lifted their target price on shares of Intercontinental Exchange from $179.00 to $189.00 and gave the stock an "overweight" rating in a research report on Friday, February 7th. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $182.47.

Insider Activity at Intercontinental Exchange

In other Intercontinental Exchange news, President Benjamin Jackson sold 7,900 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $171.43, for a total transaction of $1,354,297.00. Following the transaction, the president now directly owns 147,274 shares in the company, valued at approximately $25,247,181.82. This represents a 5.09 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Lynn C. Martin sold 4,155 shares of Intercontinental Exchange stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $165.60, for a total transaction of $688,068.00. Following the completion of the sale, the insider now owns 57,376 shares of the company's stock, valued at $9,501,465.60. This represents a 6.75 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 62,931 shares of company stock worth $10,492,868 over the last quarter. Company insiders own 1.00% of the company's stock.

Institutional Trading of Intercontinental Exchange

A hedge fund recently raised its stake in Intercontinental Exchange stock. Brighton Jones LLC raised its position in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 51.3% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 3,448 shares of the financial services provider's stock after acquiring an additional 1,169 shares during the period. Brighton Jones LLC's holdings in Intercontinental Exchange were worth $514,000 as of its most recent filing with the SEC. Institutional investors own 89.30% of the company's stock.

Intercontinental Exchange Company Profile

Intercontinental Exchange, Inc, together with its subsidiaries, engages in the provision of market infrastructure, data services, and technology solutions for financial institutions, corporations, and government entities in the United States, the United Kingdom, the European Union, Singapore, India, Abu Dhabi, Israel, and Canada.