Intercontinental Exchange Inc. (ICE) To Go Ex-Dividend on March 17th

Intercontinental Exchange Inc. (NYSE:ICE) declared a quarterly dividend on Thursday, February 5th. Investors of record on Tuesday, March 17th will be paid a dividend of 0.52 per share by the financial services provider on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Tuesday, March 17th. This is a 8.3% increase from Intercontinental Exchange’s previous quarterly dividend of $0.48.

Intercontinental Exchange has raised its dividend by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 9 consecutive years. Intercontinental Exchange has a dividend payout ratio of 27.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Intercontinental Exchange to earn $7.52 per share next year, which means the company should continue to be able to cover its $2.08 annual dividend with an expected future payout ratio of 27.7%.

Intercontinental Exchange Stock Up 0.3%

Shares of ICE opened at $159.12 on Friday. The business’s 50 day simple moving average is $164.52 and its 200-day simple moving average is $162.21. Intercontinental Exchange has a 1 year low of $143.17 and a 1 year high of $189.35. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.02 and a quick ratio of 1.02. The stock has a market capitalization of $90.36 billion, a price-to-earnings ratio of 27.58, a price-to-earnings-growth ratio of 1.72 and a beta of 1.03.

Intercontinental Exchange (NYSE:ICE) last posted its earnings results on Thursday, February 5th. The financial services provider reported $1.71 earnings per share for the quarter, topping analysts’ consensus estimates of $1.67 by $0.04. Intercontinental Exchange had a net margin of 26.23% and a return on equity of 13.99%. The firm had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $2.51 billion. During the same period in the previous year, the firm posted $1.52 EPS. The business’s quarterly revenue was up 7.8% on a year-over-year basis. As a group, equities analysts expect that Intercontinental Exchange will post 6.73 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on ICE shares. Barclays set a $193.00 price objective on Intercontinental Exchange and gave the company an “overweight” rating in a research report on Friday, February 6th. UBS Group reiterated a “buy” rating and issued a $200.00 target price on shares of Intercontinental Exchange in a report on Monday, February 9th. Wall Street Zen upgraded Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. Piper Sandler reaffirmed an “overweight” rating and set a $195.00 price objective (down from $202.00) on shares of Intercontinental Exchange in a research note on Wednesday, January 14th. Finally, Raymond James Financial reissued a “strong-buy” rating and issued a $211.00 target price on shares of Intercontinental Exchange in a research note on Tuesday, January 6th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $194.73.

Intercontinental Exchange Company Profile

Intercontinental Exchange (NYSE: ICE) is a global operator of exchanges, clearing houses and data services that provides infrastructure for the trading, clearing, settlement and information needs of financial and commodity markets. Founded in 2000 by Jeffrey C. Sprecher as an electronic energy trading platform, the company has grown through organic expansion and acquisitions to operate a broad portfolio of assets spanning listed equities, futures and options, fixed income, and over-the-counter derivatives.