What is Zacks Research’s Estimate for ICE Q3 Earnings?

Intercontinental Exchange, Inc. (NYSE:ICE) – Analysts at Zacks Research upped their Q3 2024 earnings estimates for Intercontinental Exchange in a research report issued on Monday, October 28th. Zacks Research analyst T. De now anticipates that the financial services provider will post earnings of $1.50 per share for the quarter, up from their prior estimate of $1.48. The consensus estimate for Intercontinental Exchange’s current full-year earnings is $6.12 per share. Zacks Research also issued estimates for Intercontinental Exchange’s Q4 2024 earnings at $1.56 EPS, FY2024 earnings at $6.07 EPS, Q1 2025 earnings at $1.64 EPS, Q3 2025 earnings at $1.67 EPS, Q1 2026 earnings at $1.89 EPS, Q2 2026 earnings at $1.78 EPS and FY2026 earnings at $7.35 EPS.

A number of other brokerages have also weighed in on ICE. Barclays raised their price objective on Intercontinental Exchange from $167.00 to $179.00 and gave the company an “overweight” rating in a research note on Monday, October 7th. StockNews.com lowered shares of Intercontinental Exchange from a “hold” rating to a “sell” rating in a research note on Monday, October 21st. Bank of America upped their price target on shares of Intercontinental Exchange from $168.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Morgan Stanley raised their price objective on shares of Intercontinental Exchange from $160.00 to $174.00 and gave the stock an “equal weight” rating in a report on Thursday, October 17th. Finally, JPMorgan Chase & Co. upped their target price on shares of Intercontinental Exchange from $171.00 to $188.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $173.93.

Intercontinental Exchange Stock Down 6.4 %

Shares of Intercontinental Exchange stock opened at $155.87 on Wednesday. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.99 and a quick ratio of 0.99. Intercontinental Exchange has a 1-year low of $104.91 and a 1-year high of $167.99. The business has a 50-day moving average of $162.09 and a 200-day moving average of $148.03. The company has a market capitalization of $89.49 billion, a PE ratio of 38.58, a P/E/G ratio of 2.50 and a beta of 1.08.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings data on Thursday, August 1st. The financial services provider reported $1.52 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.03. The firm had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.31 billion. Intercontinental Exchange had a net margin of 21.43% and a return on equity of 12.70%. The firm’s revenue was up 22.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.43 EPS.

Intercontinental Exchange Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.15%. Intercontinental Exchange’s payout ratio is currently 44.55%.

Insider Buying and Selling at Intercontinental Exchange

In other Intercontinental Exchange news, Director Martha A. Tirinnanzi sold 509 shares of the firm’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $158.98, for a total transaction of $80,920.82. Following the transaction, the director now owns 3,958 shares of the company’s stock, valued at approximately $629,242.84. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CAO James W. Namkung sold 1,171 shares of the firm’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $160.00, for a total transaction of $187,360.00. Following the completion of the transaction, the chief accounting officer now owns 16,665 shares of the company’s stock, valued at $2,666,400. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Martha A. Tirinnanzi sold 509 shares of Intercontinental Exchange stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $158.98, for a total value of $80,920.82. Following the transaction, the director now directly owns 3,958 shares in the company, valued at approximately $629,242.84. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,489 shares of company stock valued at $1,202,259 in the last quarter. Corporate insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Intercontinental Exchange

Several large investors have recently made changes to their positions in ICE. Consolidated Planning Corp boosted its holdings in Intercontinental Exchange by 14.4% during the third quarter. Consolidated Planning Corp now owns 23,503 shares of the financial services provider’s stock worth $3,776,000 after buying an additional 2,962 shares in the last quarter. Kornitzer Capital Management Inc. KS lifted its position in shares of Intercontinental Exchange by 1.1% during the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 96,568 shares of the financial services provider’s stock valued at $15,513,000 after acquiring an additional 1,051 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Intercontinental Exchange by 3.7% during the 3rd quarter. Principal Financial Group Inc. now owns 656,874 shares of the financial services provider’s stock worth $105,520,000 after acquiring an additional 23,638 shares in the last quarter. Ironsides Asset Advisors LLC bought a new stake in shares of Intercontinental Exchange during the 3rd quarter worth $228,000. Finally, Graypoint LLC grew its holdings in shares of Intercontinental Exchange by 4.5% in the 3rd quarter. Graypoint LLC now owns 6,889 shares of the financial services provider’s stock worth $1,107,000 after acquiring an additional 298 shares during the last quarter. 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.