Wall Street brokerages expect ICF International Inc (NASDAQ:ICFI) to announce $0.78 earnings per share for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for ICF International’s earnings. The highest EPS estimate is $0.82 and the lowest is $0.74. ICF International posted earnings of $0.76 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 2.6%. The company is scheduled to report its next quarterly earnings results on Monday, February 26th.
On average, analysts expect that ICF International will report full year earnings of $3.00 per share for the current year, with EPS estimates ranging from $2.96 to $3.03. For the next financial year, analysts expect that the business will report earnings of $3.18 per share, with EPS estimates ranging from $3.15 to $3.23. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that that provide coverage for ICF International.
ICF International (NASDAQ:ICFI) last issued its quarterly earnings data on Thursday, November 2nd. The business services provider reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.03. ICF International had a return on equity of 10.14% and a net margin of 4.05%. The business had revenue of $305.30 million for the quarter, compared to the consensus estimate of $311.49 million. During the same period in the prior year, the business posted $0.81 earnings per share. The company’s quarterly revenue was down .4% compared to the same quarter last year.
Several brokerages have recently weighed in on ICFI. BidaskClub downgraded ICF International from a “hold” rating to a “sell” rating in a report on Saturday. Zacks Investment Research upgraded ICF International from a “hold” rating to a “buy” rating and set a $62.00 price target on the stock in a report on Wednesday, October 4th. ValuEngine upgraded ICF International from a “hold” rating to a “buy” rating in a report on Tuesday, November 14th. SunTrust Banks reiterated a “buy” rating and issued a $62.00 price target on shares of ICF International in a report on Friday, September 22nd. Finally, Wells Fargo & Company increased their price target on ICF International from $54.00 to $58.00 and gave the stock a “market perform” rating in a report on Wednesday, October 25th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. ICF International presently has an average rating of “Hold” and a consensus target price of $60.40.
Shares of ICF International (NASDAQ:ICFI) opened at $52.55 on Wednesday. ICF International has a 52-week low of $40.20 and a 52-week high of $57.95. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.57 and a current ratio of 1.57. The stock has a market capitalization of $971.27, a P/E ratio of 17.31, a price-to-earnings-growth ratio of 1.74 and a beta of 0.84.
In related news, COO John Wasson sold 12,887 shares of the stock in a transaction that occurred on Friday, September 22nd. The stock was sold at an average price of $52.50, for a total value of $676,567.50. Following the transaction, the chief operating officer now owns 66,421 shares of the company’s stock, valued at $3,487,102.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider James C. M. Morgan sold 4,696 shares of the stock in a transaction that occurred on Thursday, September 28th. The stock was sold at an average price of $55.00, for a total value of $258,280.00. Following the completion of the transaction, the insider now directly owns 22,479 shares in the company, valued at approximately $1,236,345. The disclosure for this sale can be found here. 5.48% of the stock is owned by corporate insiders.
A number of large investors have recently made changes to their positions in the stock. Seizert Capital Partners LLC grew its stake in ICF International by 1.2% in the second quarter. Seizert Capital Partners LLC now owns 59,552 shares of the business services provider’s stock worth $2,805,000 after purchasing an additional 707 shares in the last quarter. Systematic Financial Management LP boosted its position in ICF International by 3.5% during the 2nd quarter. Systematic Financial Management LP now owns 32,395 shares of the business services provider’s stock valued at $1,526,000 after acquiring an additional 1,085 shares in the last quarter. Teachers Advisors LLC boosted its position in ICF International by 6.3% during the 2nd quarter. Teachers Advisors LLC now owns 32,729 shares of the business services provider’s stock valued at $1,542,000 after acquiring an additional 1,946 shares in the last quarter. California Public Employees Retirement System boosted its position in ICF International by 8.3% during the 3rd quarter. California Public Employees Retirement System now owns 29,465 shares of the business services provider’s stock valued at $1,590,000 after acquiring an additional 2,265 shares in the last quarter. Finally, First Quadrant L P CA boosted its position in ICF International by 23.2% during the 3rd quarter. First Quadrant L P CA now owns 13,201 shares of the business services provider’s stock valued at $712,000 after acquiring an additional 2,483 shares in the last quarter. 91.39% of the stock is currently owned by institutional investors.
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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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