The closing price of Intercontinental Exchange Inc. (NYSE: ICE) was $105.11 for the day, down -1.38% from the previous closing price of $106.58. In other words, the price has decreased by -$1.47 from its previous closing price. On the day, 1795426 shares were traded. ICE stock price reached its highest trading level at $106.39 during the session, while it also had its lowest trading level at $104.47.
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Our analysis of ICE’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 28.58 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 28.00. For the most recent quarter (mrq), Quick Ratio is recorded 1.10 and its Current Ratio is at 1.10. In the meantime, Its Debt-to-Equity ratio is 0.78 whereas as Long-Term Debt/Eq ratio is at 0.78.
Upgrades & Downgrades
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on May 23 when Sprecher Jeffrey C sold 85,461 shares for $107.89 per share. The transaction valued at 9,220,346 led to the insider holds 1,188,085 shares of the business.
Sprecher Jeffrey C sold 30,000 shares of ICE for $3,236,793 on May 23. The Chief Executive Officer now owns 2,911,705 shares after completing the transaction at $107.89 per share. On May 23, another insider, Foley Douglas, who serves as the SVP, HR & Administration of the company, sold 1,600 shares for $108.48 each. As a result, the insider received 173,568 and left with 19,881 shares of the company.
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ICE now has a Market Capitalization of 60.03B and an Enterprise Value of 76.32B. As of this moment, Intercontinental’s Price-to-Earnings (P/E) ratio for their current fiscal year is 40.84, and their Forward P/E ratio for the next fiscal year is 17.48. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 6.99. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.13 while its Price-to-Book (P/B) ratio in mrq is 2.54. Its current Enterprise Value per Revenue stands at 7.91 whereas that against EBITDA is 21.49.
Stock Price History:
Over the past 52 weeks, ICE has reached a high of $113.07, while it has fallen to a 52-week low of $88.60. The 50-Day Moving Average of the stock is 105.48, while the 200-Day Moving Average is calculated to be 102.83.
ICE traded an average of 2.74M shares per day over the past three months and 2.36M shares per day over the past ten days. A total of 559.00M shares are outstanding, with a floating share count of 550.82M. Insiders hold about 0.20% of the company’s shares, while institutions hold 91.20% stake in the company. Shares short for ICE as of May 14, 2023 were 4.32M with a Short Ratio of 4.32M, compared to 4.9M on Apr 13, 2023. Therefore, it implies a Short% of Shares Outstanding of 0.77% and a Short% of Float of 0.78%.
Dividends & Splits
With its trailing 12-month dividend rate of 1.56, ICE has a forward annual dividend rate of 1.68. Against a Trailing Annual Dividend Yield of 1.46%, it implies a Forward Annual Dividend Yield of 1.58%. The stock’s 5-year Average Dividend Yield is 1.21. The current Payout Ratio is 60.40% for ICE, which recently paid a dividend on Jun 29, 2023 with an ex-dividend date of Jun 13, 2023. Stock splits for the company last occurred on Nov 03, 2016 when the company split stock in a 5:1 ratio.
The firm’s stock currently is rated by 13 analysts. On average, analysts expect EPS of $1.32 for the current quarter, with a high estimate of $1.39 and a low estimate of $1.28, while EPS last year was $1.32. The consensus estimate for the next quarter is $1.36, with high estimates of $1.51 and low estimates of $1.32.
Analysts are recommending an EPS of between $5.83 and $5.33 for the fiscal current year, implying an average EPS of $5.49. EPS for the following year is $6.01, with 15 analysts recommending between $6.41 and $5.57.
It is expected that $90B in revenue will be generated in the current quarter, according to 11 analysts. It ranges from a high estimate of $1.89B to a low estimate of $1.83B. As of the current estimate, Intercontinental Exchange Inc.’s year-ago sales were $1.81B, an estimated increase of 2.40% from the year-ago figure. For the next quarter, 11 analysts are estimating revenue of $1.89B, an increase of 5.00% over than the figure of $2.40% in the same quarter last year. There is a high estimate of $1.95B for the next quarter, whereas the lowest estimate is $1.85B.
A total of 14 analysts have provided revenue estimates for ICE’s current fiscal year. The highest revenue estimate was $8.08B, while the lowest revenue estimate was $7.44B, resulting in an average revenue estimate of $7.58B. In the same quarter a year ago, actual revenue was $7.29B, up 4.00% from the average estimate. Based on 14 analysts’ estimates, the company’s revenue will be $7.99B in the next fiscal year. The high estimate is $8.44B and the low estimate is $7.78B. The average revenue growth estimate for next year is up 5.40% from the average revenue estimate for this year.