ICF International Inc (ICFI) Expected to Announce Earnings of $1.02 Per Share

Brokerages forecast that ICF International Inc (NASDAQ:ICFI) will report $1.02 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for ICF International’s earnings, with the lowest EPS estimate coming in at $1.00 and the highest estimate coming in at $1.03. ICF International reported earnings of $0.83 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 22.9%. The business is expected to issue its next earnings report after the market closes on Thursday, November 1st.

On average, analysts expect that ICF International will report full year earnings of $3.81 per share for the current fiscal year, with EPS estimates ranging from $3.77 to $3.85. For the next year, analysts expect that the company will post earnings of $4.26 per share, with EPS estimates ranging from $4.18 to $4.35. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for ICF International.

ICF International (NASDAQ:ICFI) last released its quarterly earnings results on Thursday, August 2nd. The business services provider reported $0.80 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.90 by ($0.10). The business had revenue of $324.30 million during the quarter, compared to analyst estimates of $315.92 million. ICF International had a return on equity of 9.90% and a net margin of 5.33%. The company’s revenue was up 5.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.73 EPS.

Several brokerages recently weighed in on ICFI. BidaskClub raised ICF International from a “hold” rating to a “buy” rating in a report on Tuesday, June 26th. Zacks Investment Research raised ICF International from a “hold” rating to a “buy” rating and set a $80.00 price objective for the company in a report on Monday, June 18th. Cowen raised ICF International from a “market perform” rating to an “outperform” rating and set a $85.00 price objective for the company in a report on Friday, August 3rd. Barrington Research set a $86.00 price objective on ICF International and gave the company a “buy” rating in a report on Monday, August 13th. Finally, Loop Capital boosted their price objective on ICF International to $89.00 and gave the company a “buy” rating in a report on Friday, August 3rd. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $79.67.

In other news, COO John Wasson sold 2,532 shares of the company’s stock in a transaction that occurred on Tuesday, September 18th. The stock was sold at an average price of $79.58, for a total transaction of $201,496.56. Following the completion of the transaction, the chief operating officer now directly owns 51,113 shares of the company’s stock, valued at $4,067,572.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Sudhakar Kesavan sold 28,744 shares of the company’s stock in a transaction that occurred on Friday, August 3rd. The shares were sold at an average price of $78.61, for a total value of $2,259,565.84. Following the transaction, the chief executive officer now directly owns 187,370 shares of the company’s stock, valued at $14,729,155.70. The disclosure for this sale can be found here. Insiders have sold 36,248 shares of company stock valued at $2,843,210 over the last ninety days. Corporate insiders own 4.67% of the company’s stock.

A number of hedge funds have recently modified their holdings of ICFI. Wells Fargo & Company MN grew its holdings in ICF International by 3.1% in the 1st quarter. Wells Fargo & Company MN now owns 28,553 shares of the business services provider’s stock worth $1,669,000 after buying an additional 862 shares in the last quarter. Swiss National Bank grew its holdings in ICF International by 2.8% in the 1st quarter. Swiss National Bank now owns 32,600 shares of the business services provider’s stock worth $1,905,000 after buying an additional 900 shares in the last quarter. Northern Trust Corp grew its holdings in ICF International by 0.7% in the 1st quarter. Northern Trust Corp now owns 376,365 shares of the business services provider’s stock worth $21,998,000 after buying an additional 2,534 shares in the last quarter. GSA Capital Partners LLP bought a new position in ICF International in the 1st quarter worth approximately $971,000. Finally, OppenheimerFunds Inc. grew its holdings in ICF International by 23.5% in the 1st quarter. OppenheimerFunds Inc. now owns 6,133 shares of the business services provider’s stock worth $358,000 after buying an additional 1,169 shares in the last quarter. 90.83% of the stock is owned by institutional investors and hedge funds.

ICF International stock traded down $0.19 during midday trading on Friday, hitting $71.51. The stock had a trading volume of 80,916 shares, compared to its average volume of 107,929. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 0.38. The firm has a market cap of $1.42 billion, a P/E ratio of 23.68, a P/E/G ratio of 1.98 and a beta of 0.70. ICF International has a 12 month low of $50.10 and a 12 month high of $82.25.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 16th. Stockholders of record on Friday, September 7th will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 0.78%. The ex-dividend date is Thursday, September 6th. ICF International’s dividend payout ratio (DPR) is presently 18.54%.

About ICF International

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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