ICE

CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We decrease our 12-month target price by $5 to $130, reflecting a P/E of 21.4x our 2024 EPS estimate, in line with ICE’s 10-year average of 21.3x. We lower our 2023 EPS estimate by $0.06 to $5.66 and reduce 2024’s by $0.10 to $6.09. ICE posted Q3 adjusted EPS of $1.46 vs. $1.31, beating consensus by $0.07. It was an exciting quarter as ICE finally closed Black Knight (originally announced May 2022), a deal which we believe will pay substantial dividends once mortgage rates begin to fall. Unfortunately, this may take some time and we note adjusted revenues in Mortgage Technology fell 7% Y/Y given the highest mortgage rates in decades. Still, ICE is far from a one trick pony and its countercyclical Exchange segment saw revenues […]

Intercontinental Exchange  (NYSE:ICE) Q2 Adj $1.43 Beats $1.37 Estimate, Sales $1.89B Inline.

Intercontinental Exchange, Inc. (NYSE:ICE) Q2 2023 Earnings Conference Call August 3, 2023 8:30 AM ET Company Participants Katia Gonzalez – Manager of Investor Relations Warren Gardiner – Chief Financial Officer Benjamin Jackson – President Jeffrey Sprecher – Chairman and Chief Executive Officer Lynn Martin – President of NYSE Group and Chair, ICE Fixed Income and Data Services Conference Call Participants Daniel Fannon – Jefferies Benjamin Budish – Barclays Alexander Kramm – UBS Simon Clinch – Atlantic Equities LLP Kyle Voigt – Keefe, Bruyette, & Woods, Inc. Craig Siegenthaler – Bank of America Merrill Lynch Brian Bedell – Deutsche Bank AG Patrick Moley – Piper Sandler Aditya Soman – Goldman Sachs Group, Inc. Operator Hello, and welcome to today’s ICE Second Quarter 2023 Earnings Conference Call and Webcast. My name is Bailey, and I’ll be the moderator for today’s call. All lines will be muted during the presentation portion of the

Intercontinental Exchange (NYSE:ICE): The Federal Trade Commission (FTC) is “unreasonable” in its attempt to block the Company’s acquisition of Black Knight, and the Company will seek judicial access to resolve the current predicament, and still expects to complete the acquisition in the third and fourth quarters of this year. March 09, 2023 – (BUSINESS WIRE) Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology, and market infrastructure, announced today that it strongly disagrees with, and will vigorously oppose, the Federal Trade Commission (FTC)’s challenge to ICE’s previously announced acquisition of Black Knight, Inc. (NYSE: BKI). In many public forums, ICE has outlined its vision for a more equitable housing finance system, one which is currently fraught with inefficiencies, cybersecurity vulnerabilities, unnecessary delay, and requires robust digitization to lower costs for all participants. The deal between ICE and Black Knight, which is intended to automate, streamline, and increase transparency