Home Sectors Financial Services Present Movement: Intercontinental Exchange (NYSE: ICE)

Present Movement: Intercontinental Exchange (NYSE: ICE)

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Intercontinental Exchange is in the financial services sector and brokers and exchanges industry. The company CEO is Jeffrey C. Sprecher. Intercontinental Exchange Inc is an operator of regulated exchanges, clearing houses and listings venues, and a provider of data services for commodity and financial markets. It serves the risk management needs of global markets.

Previous Intraday Trading Performance:

The ICE stock showed a previous change of 0.71% with an open at 81.56 and a close of 81.83. It reached an intraday high of 81.83 and a low of 80.85.

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Liquidity:

The stock has a market cap of $46.1b with 563.9m shares outstanding, of which the float is 560.6m shares. Trading volume reached 2,690,261 shares compared to its average volume of 2,558,649 shares. Based on the current average volume and close price, the trading liquidity is good.

Historical Trading Performance:

Over the last five trading days, Intercontinental Exchange shares returned 0.90% and in the past 30 trading days it returned 5.89%. Over three months, it changed 9.02%. In one year it has changed 16.33% and within that year its 52-week high was 82.65 and its 52-week low was 69.34. ICE stock is 18.02% above its 52 Week Low.

Our calculations show a 200 day moving average of 76.16 and a 50 day moving average of 78.54. Currently ICE stock is trading 7.44% above its 200 day moving average.

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Earnings:

The last annual fiscal EPS for the company was reported at 3.42 that ended on 31st of December 2018, which according to the previous close, that is a PE of 23.93. Based on 5 analyst estimates, the consensus EPS for the next quarter is 0.91. The TTM EPS is 3.59, which comes to a TTM PE of 22.79. Historically, the PE high was 71.50 and the PE low was 15.70. If the stock reached its PE low, that would represent a price of 56.37, which is a decrease of -31.11%.

Below was the last reported quarterly diluted earnings per share:

1stQtr of 2019 0.85
4thQtr of 2018 1.07
3rdQtr of 2018 0.79
2ndQtr of 2018 0.78
1stQtr of 2018 0.79

The dividend per share is currently 1.10, which is a dividend yield of 1.34%. Also, the payout ratio is 30.64%, therefore the dividend is safe according to our calculations.

Base on our calculations, the intrinsic value per share is 75.71, which means it may be overvalued by -8.09%.

Indicators to Watch:

Short-interest was 4,543,783, which was 0.81% of shares outstanding. The short-interest ratio or days-to-cover ratio was 1.56. This stock has some short interest, but it may be normal and no cause for concern if long the position.

The current calculated beta is 0.50.

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Fundamental Indicators:

Based on last reported financials, the company’s return on equity is 11.78%, return on assets is 2.28%, profit margin is 33.78%, price-to-sales is 7.59 and price-to-book is 2.70.

Company Scores:

All scores are out of six:
 2  :Valuation Score
 3  :Past Performance Score
 4  :Financial Strength Score
 1  :Future Growth Score
 2  :Dividend Score
 2  :Overall Score

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John Jones
Worked for several Wall Street firms: Salomon Smith Barney, UBS, and Charles Schwab. Has developed skills and gained extensive experience over the years that is used today to uncover winning penny stocks.Also was an attorney for small businesses in Scottsdale, Arizona. That experience and understanding of law provides a unique perspective and edge in discovering quality companies in various industries.