Brokerages forecast that ICF International, Inc. (NASDAQ:ICFI) will report earnings per share of $0.78 for the current fiscal quarter, according to Zacks Investment Research. 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 per share of $0.76 during the same quarter last year, which suggests a positive year over year growth rate of 2.6%. The business is scheduled to issue its next quarterly earnings results on Monday, February 26th.
According to Zacks, 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 fiscal year, analysts forecast that the company will report earnings of $3.18 per share, with EPS estimates ranging from $3.15 to $3.23. Zacks’ earnings per share calculations are an average based on a survey of analysts that follow ICF International.
ICF International (NASDAQ:ICFI) last posted its quarterly earnings data on Thursday, November 2nd. The business services provider reported $0.83 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.03. ICF International had a return on equity of 10.14% and a net margin of 4.05%. The company had revenue of $305.30 million during the quarter, compared to analysts’ expectations of $311.49 million. During the same quarter in the previous year, the business earned $0.81 EPS. ICF International’s revenue was down .4% compared to the same quarter last year.
A number of equities analysts recently issued reports on ICFI shares. Zacks Investment Research cut ICF International from a “buy” rating to a “hold” rating in a report on Tuesday, October 10th. SunTrust Banks, Inc. restated a “buy” rating and set a $56.00 price objective on shares of ICF International in a report on Tuesday, August 29th. BidaskClub cut ICF International from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Wells Fargo & Company boosted their price objective on ICF International from $54.00 to $58.00 and gave the company a “market perform” rating in a report on Wednesday, October 25th. Finally, ValuEngine cut ICF International from a “buy” rating to a “hold” rating in a report on Saturday, November 4th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $60.40.
In other ICF International news, insider Ellen Glover sold 5,631 shares of ICF International stock in a transaction on Friday, September 1st. The stock was sold at an average price of $50.00, for a total transaction of $281,550.00. Following the completion of the sale, the insider now directly owns 33,354 shares of the company’s stock, valued at approximately $1,667,700. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider James C. M. Morgan sold 10,000 shares of ICF International stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $51.50, for a total value of $515,000.00. Following the sale, the insider now directly owns 26,325 shares of the company’s stock, valued at $1,355,737.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 52,029 shares of company stock valued at $2,683,653. 5.48% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the business. Eqis Capital Management Inc. bought a new stake in ICF International during the 3rd quarter valued at $214,000. First Mercantile Trust Co. raised its position in ICF International by 781.7% during the 2nd quarter. First Mercantile Trust Co. now owns 5,290 shares of the business services provider’s stock valued at $249,000 after purchasing an additional 4,690 shares in the last quarter. SG Americas Securities LLC raised its position in shares of ICF International by 89.1% in the 2nd quarter. SG Americas Securities LLC now owns 8,579 shares of the business services provider’s stock worth $404,000 after acquiring an additional 4,042 shares in the last quarter. Cigna Investments Inc. New bought a new position in shares of ICF International in the 2nd quarter worth $423,000. Finally, Torray LLC raised its position in shares of ICF International by 37.5% in the 2nd quarter. Torray LLC now owns 10,691 shares of the business services provider’s stock worth $504,000 after acquiring an additional 2,913 shares in the last quarter. 91.43% of the stock is owned by institutional investors and hedge funds.
ICF International (ICFI) traded up $0.60 on Monday, reaching $53.90. The company had a trading volume of 67,200 shares, compared to its average volume of 102,285. ICF International has a one year low of $40.20 and a one year high of $59.55. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.39. The stock has a market cap of $1,004.83, a PE ratio of 17.91, a P/E/G ratio of 1.80 and a beta of 0.83.
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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