ICF International Inc (NASDAQ:ICFI) – Research analysts at Barrington Research boosted their FY2019 earnings per share (EPS) estimates for shares of ICF International in a research note issued to investors on Monday, June 10th. Barrington Research analyst K. Steinke now expects that the business services provider will post earnings of $4.18 per share for the year, up from their prior forecast of $4.16. Barrington Research has a “Outperform” rating and a $88.00 price target on the stock. Barrington Research also issued estimates for ICF International’s FY2020 earnings at $4.57 EPS.
ICFI has been the subject of a number of other reports. BidaskClub upgraded shares of ICF International from a “hold” rating to a “buy” rating in a research report on Thursday, February 14th. Cowen reiterated a “buy” rating and issued a $82.00 target price on shares of ICF International in a research report on Wednesday, February 27th. Zacks Investment Research cut shares of ICF International from a “hold” rating to a “sell” rating in a research report on Thursday, February 21st. Berenberg Bank initiated coverage on shares of ICF International in a research report on Wednesday, February 13th. They issued a “hold” rating and a $77.00 target price for the company. Finally, ValuEngine upgraded shares of ICF International from a “hold” rating to a “buy” rating in a research report on Friday, March 1st. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. ICF International presently has an average rating of “Buy” and an average price target of $84.80.
ICF International (NASDAQ:ICFI) last posted its quarterly earnings data on Thursday, May 2nd. The business services provider reported $0.87 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.09. The business had revenue of $341.25 million for the quarter, compared to the consensus estimate of $328.54 million. ICF International had a net margin of 4.67% and a return on equity of 11.37%. The company’s revenue was up 12.7% compared to the same quarter last year. During the same period last year, the firm posted $0.77 earnings per share.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 16th. Stockholders of record on Friday, June 14th will be given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date is Thursday, June 13th. ICF International’s dividend payout ratio (DPR) is 15.01%.
In related news, Director Peter M. Schulte sold 1,372 shares of the firm’s stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $72.51, for a total transaction of $99,483.72. Following the completion of the sale, the director now directly owns 230,966 shares in the company, valued at $16,747,344.66. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Peter M. Schulte sold 1,244 shares of the firm’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $73.62, for a total transaction of $91,583.28. Following the sale, the director now owns 232,338 shares of the company’s stock, valued at $17,104,723.56. The disclosure for this sale can be found here. 4.42% of the stock is owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the stock. US Bancorp DE purchased a new position in ICF International in the first quarter worth approximately $32,000. Meeder Asset Management Inc. lifted its position in shares of ICF International by 343.0% during the 1st quarter. Meeder Asset Management Inc. now owns 1,803 shares of the business services provider’s stock worth $138,000 after buying an additional 1,396 shares during the last quarter. Marshall Wace North America L.P. increased its holdings in shares of ICF International by 308.9% in the 1st quarter. Marshall Wace North America L.P. now owns 2,114 shares of the business services provider’s stock valued at $161,000 after acquiring an additional 1,597 shares during the period. One Wealth Advisors LLC increased its stake in ICF International by 6.2% in the 4th quarter. One Wealth Advisors LLC now owns 4,358 shares of the business services provider’s stock valued at $282,000 after buying an additional 254 shares during the period. Finally, BNP Paribas Arbitrage SA increased its stake in ICF International by 166.3% in the 1st quarter. BNP Paribas Arbitrage SA now owns 4,066 shares of the business services provider’s stock valued at $309,000 after buying an additional 2,539 shares during the period. Hedge funds and other institutional investors own 93.17% of the company’s stock.
ICF International 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, 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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