Brokerages expect that ICF International, Inc. (NASDAQ:ICFI) will post earnings of $0.80 per share for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for ICF International’s earnings, with the lowest EPS estimate coming in at $0.78 and the highest estimate coming in at $0.83. ICF International posted earnings of $0.81 per share during the same quarter last year, which would indicate a negative year over year growth rate of 1.2%. The firm is expected to issue its next earnings report on Tuesday, November 7th.
On average, analysts expect that ICF International will report full year earnings of $2.97 per share for the current fiscal year, with EPS estimates ranging from $2.93 to $3.01. For the next year, analysts anticipate that the firm will post earnings of $3.19 per share, with EPS estimates ranging from $3.15 to $3.23. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that cover ICF International.
ICF International (NASDAQ:ICFI) last released its earnings results on Wednesday, August 2nd. The business services provider reported $0.73 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.73. The firm had revenue of $306.39 million during the quarter, compared to analyst estimates of $309.15 million. ICF International had a return on equity of 10.25% and a net margin of 4.02%. ICF International’s revenue was up .3% compared to the same quarter last year. During the same period last year, the business posted $0.69 earnings per share.
A number of analysts have recently commented on the company. Zacks Investment Research upgraded ICF International from a “hold” rating to a “buy” rating and set a $54.00 price objective for the company in a report on Tuesday, May 9th. Noble Financial restated a “hold” rating on shares of ICF International in a report on Sunday, May 7th. BidaskClub downgraded ICF International from a “buy” rating to a “hold” rating in a report on Saturday, July 8th. Finally, Barrington Research upped their price objective on ICF International from $49.00 to $55.00 and gave the stock an “outperform” rating in a report on Thursday, May 18th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $57.33.
In related news, COO John Wasson sold 12,461 shares of the company’s stock in a transaction on Thursday, July 20th. The shares were sold at an average price of $47.50, for a total transaction of $591,897.50. Following the completion of the sale, the chief operating officer now directly owns 65,995 shares of the company’s stock, valued at approximately $3,134,762.50. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 5.48% of the stock is currently owned by corporate insiders.
Hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC boosted its stake in shares of ICF International by 90.3% in the first quarter. SG Americas Securities LLC now owns 4,537 shares of the business services provider’s stock worth $187,000 after buying an additional 2,153 shares during the period. Airain ltd acquired a new stake in shares of ICF International during the first quarter worth $235,000. First Mercantile Trust Co. boosted its stake in shares of ICF International by 781.7% in the second quarter. First Mercantile Trust Co. now owns 5,290 shares of the business services provider’s stock worth $249,000 after buying an additional 4,690 shares during the period. MARSHALL WACE ASIA Ltd acquired a new stake in shares of ICF International during the first quarter worth $309,000. Finally, Marshall Wace North America L.P. acquired a new stake in shares of ICF International during the first quarter worth $309,000. 90.17% of the stock is owned by hedge funds and other institutional investors.
ICF International (NASDAQ:ICFI) traded up 0.33% on Thursday, reaching $45.90. The company had a trading volume of 81,071 shares. The stock’s 50-day moving average price is $46.09 and its 200 day moving average price is $46.09. The firm has a market capitalization of $859.89 million, a price-to-earnings ratio of 18.43 and a beta of 0.81. ICF International has a 52-week low of $39.25 and a 52-week high of $59.55.
ICF International Company Profile
ICF International, Inc provides professional services and technology-based solutions to government and commercial clients, including management, technology, and policy consulting and implementation services. The Company’s services address four markets: energy, environment and infrastructure; health, education and social programs; safety and security, and consumer and financial.
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