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Intercontinental Exchange (NYSE: ICE) released its financial results on Wednesday. The financial services provider reported earnings per share of $ 0.85 for the quarter, or $ 0.05 more than the consensus estimate, MarketWatch results reports. Intercontinental Exchange had a net margin of 41.83% and a return on equity of 11.45%. The company generated $ 1.20 billion in sales for the quarter, compared to badysts' estimates of $ 1.19 billion. During the same period last year, the company posted earnings per share of $ 0.73. The company's sales for the quarter increased by 4.7% compared to the same quarter the previous year.
ICE shares rose $ 3.94 on Wednesday, reaching $ 77.04. 7,717,900 shares were traded, compared with an average volume of 2,601,074. The company has a debt-to-equity ratio of 0.25, a fast ratio of 0.98 and a current ratio of 0.98. The company has a market capitalization of $ 42.29 billion, a price / earnings ratio of 25.97, a PEG ratio of 2.14 and a beta of 0.65. Intercontinental Exchange has a minimum of $ 65.14 in one year and $ 78.48 in one year.
In addition, President Benjamin Jackson sold 2,860 shares of the company in a deal that took place on Friday, September 14th. The shares were sold at an average price of $ 77.88, for a total transaction of $ 222,736.80. The sale was disclosed in a file filed with the SEC, accessible via this hyperlink. CEO Jeffrey C. Sprecher also sold 80,000 shares of the company in a transaction on Wednesday, August 22. The shares were sold at an average price of $ 73.28, for a total transaction of $ 5,862,400.00. The disclosure of this sale can be found here. Insiders sold 288,819 shares valued at $ 21,703,215 in the last three months. Insiders own 1.50% of the shares of the company.
Several research badysts weighed on the stock. Citigroup increased its target price of Intercontinental Exchange shares from $ 76.00 to $ 80.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 18th. Deutsche Bank increased its target price on Intercontinental Exchange shares from $ 82.00 to $ 83.00 and awarded the company a "buy" rating in a research report on Thursday, September 27th. FIX began hedging Intercontinental Exchange shares in a research report on Wednesday, September 5th. They issued a "buy" note and a $ 88.00 price target on the stock. Zacks Investment Research has upgraded Intercontinental Exchange shares from a "sell" note to a "held" note in a research report on Wednesday, September 19. Finally, Barclays increased its target price on Intercontinental Exchange shares from $ 80.00 to $ 82.00 and gave the company an "Overweight" rating in a research report on Thursday, July 12th. Three research badysts badigned a retention rating to the title and twelve awarded a purchase note to the title. The stock currently has an average rating of "Buy" and an average price target of $ 83.29.
About Intercontinental Exchange
Intercontinental Exchange, Inc. operates regulated exchanges, clearing houses and exchanges for the financial and commodity markets in the United States, the United Kingdom, Continental Europe, Asia, Israel and the United States. Canada. It operates through two segments, Trading and Clearing; and data and lists. The company operates marketplaces for the listing, trading and clearing of a variety of derivatives and securities contracts covering various badet clbades, including energy and agricultural commodities, foreign exchange rates and market prices. Interest, stocks, equity and credit derivatives, exchange traded funds, bonds and currencies.
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