Intercontinental Exchange Inc (ICE) reported quarterly earnings results on Wednesday, May-4-2016. The company said it had a profit of $3.68 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $3.66. The company posted revenue of $1154.00 million in the period, compared to analysts expectations of $1157.01 million. The company’s revenue was up 35.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.06 EPS.
Many Wall Street Analysts have commented on Intercontinental Exchange Inc. Argus Upgraded Intercontinental Exchange Inc on Feb 17, 2016 to ” Buy”, Price Target of the shares are set at $270.Company shares were Reiterated by Barclays on Feb 16, 2016 to “Overweight”, Firm has raised the Price Target to $ 287 from a previous price target of $286 .
Intercontinental Exchange Inc opened for trading at $240.53 and hit $244.75 on the upside on Monday, eventually ending the session at $244.68, with a gain of 1.94% or 4.65 points. The heightened volatility saw the trading volume jump to 8,90,466 shares. Company has a market cap of $29,089 M.
In a different news, on Apr 12, 2016, Frederic V Salerno (director) sold 837 shares at $232.62 per share price. According to the SEC, on Apr 7, 2016, Charles A Vice (President&Chief Op. Officer) sold 3,500 shares at $234.98 per share price. On Feb 26, 2016, Jeffrey C Sprecher (Chief Executive Officer) sold 24,599 shares at $242.09 per share price, according to the Form-4 filing with the securities and exchange commission.
Intercontinental Exchange Inc. (ICE) is a global operator of regulated exchanges clearing houses and data services for financial and commodity markets. The Company operates marketplaces for trading and clearing an array of securities and derivatives contracts across asset classes including energy and agricultural commodities equities and equity derivatives among others. Its regulated exchanges include futures exchanges in the United States United Kingdom Canada Singapore and Europe three securities exchanges and two equity options exchanges. The Company also operates over-the-counter (OTC) markets for physical energy and credit default swaps (CDS). Its products and services include Regulated Energy Futures Contracts Regulated Agricultural Futures Contracts Regulated Financial Futures Contracts Securities Products and Listings Credit Derivatives Products OTC Energy Products ICE Data Services and New York Stock Exchange (NYSE) Data Services.