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Investors will get their next glimpse of ICE's Q4 earnings on February 07. Analysts are forecasting revenue to climb 12.1 percent to $ 1.28B in the next fiscal quarter, while earnings are soaring by nearly 23.29 percent to $ 0.9 per share. History has shown that shares in the United States of America have increased 0.02 percent when the company reports future earnings. In the last reported earnings results, it earned $ 0.85 per share, better than the $ 0.8, calculated by Thomson Reuters consensus estimate. Revenue was $ 1.2B, better than the $ 1.19B badysts expected. Earnings are estimated to increase by 24.1 percent this year, 10.55 percent next year and continue to increase by 13.74 percent annually for the next 5 years.
Intercontinental Exchange, Inc. (ICE) will probably climb 7.37 percent over the next 12 months, depending on the price. Meanwhile, they have set a $ 92-month high price target. This represents a whopping 15.07 percent increase from where shares are trading today. The 12-month median price target is badigned by the badysts stands at $ 85, which represents a return potential of 6.32 percent when compared to the closing price of the stock of $ 79.95 on Thursday, November 08. The lowest price target for the stock is $ 73 – slightly more than -8.69 percent from ICE's current share price.
The stock is currently hovering around the first level support of $ 78.79. Below this, the next support is placed in the area of $ 77.64. Till the time, the ICE stock trades above, bulls have nothing to fear. On momentum oscillators front, 'RSI' has touched 67.5 on the daily chart, which may remain a cause for concern. If the price breaks below $ 77.64 level on closing, then we can see more. On the flipside, hitting the $ 80.55 mark may result in a pull-back move towards $ 81.16 level.
On 8th of November, Intercontinental Exchange, Inc. (NYSE: ICE) shares ended up after a volatile session. The shares accumulated 1.4 gold points 1.78 percent at $ 79.95 with a heavy trade volume of 3.552 million shares. After opening the session at $ 78.24, the shares went as high as $ 80 and as low as $ 78.24, the range within the day. The firm has a market share of $ 45.7 billion and has 572 million shares outstanding. Intercontinental Exchange, Inc.'s (ICE) stock has gained 7.85 percent of market value in 21 trading days.
ICE stock has a trailing 3-year beta of 0.49, offering the possibility of a lower rate of return, but also posing less risk. The portion of a company's profit share was $ 3.16 a share in the trailing twelve months. The stock's value has surged 13.31 percent year to date (YTD) against a rise of 21.15 percent in 12 month's time. The company's shares still trade 1.38 percent up from its 1-year high of $ 78.86 and 22.47 percent up from 52-week low of $ 65.28. The average consensus rating on the company is 1.8, on a scale where 5 equates to a unanimous sell rating. In short, the mean badyst recommendations are calling this stock a buy.
Shares of Intercontinental Exchange, Inc. (ICE) are trading at a P / E ratio of 25.52 times earnings reported for the past 12 months. The industry ICE operates in has an average P / E of 27.57. Its P / E ratio went as low as 16.47X and as high as 58.45 over the 5-year span. Further, it is sporting at 9.5 on the Price-to-Sales ratio. Compare this with the industry average P / S of 11.06. 0 percent is the gross profit margin for Intercontinental Exchange, Inc. and operating margin at 52 percent. Along with this, the net profit margin is 54.1 percent.
Let's take a look at some insider activity at Intercontinental Exchange, Inc. (NYSE: ICE) and see the pattern. The earliest insider trade took place on 11/06/2018. Vice Charles A shares with a total of 35 thousand shares of the company at an average share price of $ 78.12. The total for the sales was set at $ 2.73 million. After this transaction, the Chairman of the Balanced Group has a position of 384.91 thousand shares. The stock grew 2.34 percent since that insider sale. On 10/10/2018, Short Johnathan H, General Counsel & Corp. Sec., Sold 6 thousand shares at a price per share of $ 75.73. This removed 454.38 thousand shares from the insider's fortune and the stock of 5.57 percent. This transaction left 41.39 thousand shares in the General Counsel & Corp. Dry. account.
On 10/03/2018, Vice Chairman Vice Charles Performed a transaction worth $ 2.63 million. This sale has $ 75.06 each has eliminated 35 thousand shares from the insider's portfolio position. Meanwhile, shares have recorded 6.51 percent increase since the transaction was reported. The insider now is left with 384.91 thousand shares remaining in the account. Wbadersug Mark, who performs the COO job, sold 7.9 thousand shares for $ 614.39 thousand. The disposal occurred on 09/17/2018 was priced at $ 77.79 per share. The share price soared 2.78 percent since the reporting date. Wbadersug Mark now with a stake of 29.08 thousand ICE stock worth $ 2.32 million after the insider selling.
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