Brokerages expect ICF (NASDAQ:ICFI) to announce $0.75 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for ICF’s earnings. The lowest EPS estimate is $0.72 and the highest is $0.79. ICF reported earnings per share of $0.69 in the same quarter last year, which suggests a positive year over year growth rate of 8.7%. The company is expected to report its next quarterly earnings report on Thursday, May 3rd.
According to Zacks, analysts expect that ICF will report full year earnings of $3.70 per share for the current fiscal year, with EPS estimates ranging from $3.65 to $3.73. For the next year, analysts forecast that the company will report earnings of $4.02 per share, with EPS estimates ranging from $3.93 to $4.24. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that cover ICF.
ICF (NASDAQ:ICFI) last posted its quarterly earnings data on Tuesday, February 27th. The business services provider reported $0.78 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.78. The business had revenue of $321.17 million during the quarter, compared to the consensus estimate of $307.52 million. ICF had a return on equity of 9.95% and a net margin of 5.12%.
A number of research firms recently issued reports on ICFI. Zacks Investment Research upgraded ICF from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a report on Wednesday, January 10th. ValuEngine upgraded ICF from a “hold” rating to a “buy” rating in a report on Thursday, February 8th. BidaskClub upgraded ICF from a “hold” rating to a “buy” rating in a report on Wednesday. Cowen started coverage on ICF in a report on Wednesday, March 28th. They set a “market perform” rating and a $65.00 price objective for the company. Finally, Barrington Research restated an “outperform” rating and issued a $67.00 price target (up from $65.00) on shares of ICF in a research note on Thursday, March 1st. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $63.60.
In other ICF news, COO John Wasson sold 12,982 shares of the firm’s stock in a transaction that occurred on Thursday, April 5th. The stock was sold at an average price of $62.50, for a total value of $811,375.00. Following the completion of the transaction, the chief operating officer now directly owns 71,605 shares in the company, valued at $4,475,312.50. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Sudhakar Kesavan sold 16,280 shares of the firm’s stock in a transaction that occurred on Friday, March 2nd. The shares were sold at an average price of $60.00, for a total value of $976,800.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 74,246 shares of company stock valued at $4,427,215. Corporate insiders own 5.48% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in ICFI. Nationwide Fund Advisors lifted its position in shares of ICF by 41.8% in the third quarter. Nationwide Fund Advisors now owns 36,703 shares of the business services provider’s stock valued at $1,980,000 after buying an additional 10,825 shares during the last quarter. Russell Investments Group Ltd. lifted its position in shares of ICF by 38.5% in the third quarter. Russell Investments Group Ltd. now owns 116,909 shares of the business services provider’s stock valued at $6,307,000 after buying an additional 32,502 shares during the last quarter. Ameriprise Financial Inc. lifted its position in shares of ICF by 10.3% in the third quarter. Ameriprise Financial Inc. now owns 80,506 shares of the business services provider’s stock valued at $4,344,000 after buying an additional 7,547 shares during the last quarter. California Public Employees Retirement System lifted its position in shares of ICF by 8.3% in the third quarter. California Public Employees Retirement System now owns 29,465 shares of the business services provider’s stock valued at $1,590,000 after buying an additional 2,265 shares during the last quarter. Finally, Public Employees Retirement System of Ohio lifted its position in shares of ICF by 2,973.7% in the third quarter. Public Employees Retirement System of Ohio now owns 50,685 shares of the business services provider’s stock valued at $2,734,000 after buying an additional 49,036 shares during the last quarter. 92.32% of the stock is owned by institutional investors.
Shares of NASDAQ:ICFI traded down $0.90 during mid-day trading on Friday, reaching $63.75. 177,088 shares of the stock were exchanged, compared to its average volume of 128,705. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.48 and a current ratio of 1.48. The company has a market cap of $1,203.83, a PE ratio of 21.11, a PEG ratio of 1.75 and a beta of 0.70. ICF has a one year low of $41.10 and a one year high of $65.40.
The business also recently declared a special dividend, which will be paid on Monday, April 16th. Shareholders of record on Friday, March 30th will be paid a $0.14 dividend. The ex-dividend date is Wednesday, March 28th. ICF’s dividend payout ratio is 4.64%.
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ICF Company Profile
ICF International Inc provides management, marketing, technology, and policy consulting and implementation services to government and commercial clients in the United States and internationally. The company researches critical policy, industry, and stakeholder issues, trends, and behaviors; measures and evaluates results and their impact; and provides strategic planning and advisory services to its clients on how to navigate societal, market, business, communication, and technology challenges.
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