Intercontinental Exchange (NYSE:ICE) released its quarterly earnings results on Thursday. The financial services provider reported $0.94 EPS for the quarter, beating the Zacks’ consensus estimate of $0.92 by $0.02, Briefing.com reports. Intercontinental Exchange had a net margin of 31.98% and a return on equity of 12.22%. The company had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same quarter last year, the firm posted $0.90 earnings per share. The company’s quarterly revenue was up 4.2% compared to the same quarter last year.
ICE traded up $1.22 during trading on Friday, reaching $90.42. 2,635,040 shares of the company’s stock were exchanged, compared to its average volume of 1,800,494. Intercontinental Exchange has a fifty-two week low of $69.69 and a fifty-two week high of $92.31. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a 50 day moving average of $88.39. The company has a market cap of $50.98 billion, a P/E ratio of 25.19, a P/E/G ratio of 2.83 and a beta of 0.50.
In other Intercontinental Exchange news, Director Vincent Tese sold 2,000 shares of Intercontinental Exchange stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $81.87, for a total transaction of $163,740.00. Following the sale, the director now owns 35,004 shares in the company, valued at $2,865,777.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Vice Chairman Charles A. Vice sold 20,000 shares of Intercontinental Exchange stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $82.29, for a total transaction of $1,645,800.00. Following the sale, the insider now owns 426,771 shares in the company, valued at approximately $35,118,985.59. The disclosure for this sale can be found here. Insiders have sold 164,525 shares of company stock worth $14,014,576 in the last quarter. Corporate insiders own 1.50% of the company’s stock.
Intercontinental Exchange Company Profile
Intercontinental Exchange, Inc operates regulated exchanges, clearing houses, and listings venues for commodity, financial, fixed income, and equity markets in the United States, the United Kingdom, European Union, Asia, Israel, and Canada. It operates through two segments, Trading and Clearing; and Data and Listings.
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