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MarketScreener Homepage  >  Equities  >  Nyse  >  Intercontinental Exchange, Inc.    ICE

INTERCONTINENTAL EXCHANGE, INC.

(ICE)
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Intercontinental Exchange : 3Q Profit Falls as Company Focuses On Ellie Mae Deal

10/29/2020 | 07:05am EST

By Micah Maidenberg

Intercontinental Exchange Inc. reported a weaker profit as it worked to absorb Ellie Mae, a cloud-based platform for lenders originating mortgages.

Intercontinental, which operates stock exchanges and clearing houses and provides data for various markets, on Thursday reported its profit slipped to $390 million, or 71 cents a share, from $529 million, or 94 cents a share, for the year-earlier period.

Compensation costs rose 14% year over year, the company said. Intercontinental recorded $76 million in acquisition and integration costs in the quarter, weighing on earnings. The company purchased Ellie Mae Sept. 4.

Its adjusted profit of $1.03 a share was ahead of expectations from analysts by 4 cents, according to FactSet.

Revenue at the owner of the New York Stock Exchange rose to $1.41 billion from $1.34 billion, less transaction-based expenses, and was more than the $1.38 billion consensus estimate for the latest period. Third-quarter revenue included $75 million related to Ellie Mae.

Write to Micah Maidenberg at micah.maidenberg@wsj.com

(END) Dow Jones Newswires

10-29-20 0804ET

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Financials (USD)
Sales 2020 5 977 M - -
Net income 2020 2 097 M - -
Net Debt 2020 16 334 M - -
P/E ratio 2020 29,6x
Yield 2020 1,07%
Capitalization 62 819 M 62 819 M -
EV / Sales 2020 13,2x
EV / Sales 2021 11,3x
Nbr of Employees 8 445
Free-Float 88,1%
Chart INTERCONTINENTAL EXCHANGE, INC.
Duration : Period :
Intercontinental Exchange, Inc. Technical Analysis Chart | ICE | US45866F1049 | MarketScreener
Technical analysis trends INTERCONTINENTAL EXCHANGE, INC.
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 22
Average target price 127,45 $
Last Close Price 111,92 $
Spread / Highest target 25,1%
Spread / Average Target 13,9%
Spread / Lowest Target -11,5%
EPS Revisions
Managers and Directors
NameTitle
Jeffrey Craig Sprecher Chairman & Chief Executive Officer
Benjamin R. Jackson President
Mark P. Wassersug Chief Operating Officer
Scott Anthony Hill Chief Financial Officer
Mayur Kapani Chief Technology Officer
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