ICF International (NASDAQ:ICFI) Updates FY 2019 Earnings Guidance

ICF International (NASDAQ:ICFI) issued an update on its FY 2019 earnings guidance on Thursday morning. The company provided earnings per share guidance of $4.10-4.25 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.18. The company issued revenue guidance of $1.475-1.5 billion, compared to the consensus revenue estimate of $1.48 billion.ICF International also updated its FY19 guidance to $4.10-4.25 EPS.

Shares of NASDAQ ICFI traded up $0.10 during trading on Friday, reaching $82.40. The company had a trading volume of 209,776 shares, compared to its average volume of 111,544. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.52. The stock has a market cap of $1.60 billion, a PE ratio of 22.09, a PEG ratio of 2.04 and a beta of 0.63. The business’s 50 day moving average is $78.67. ICF International has a 52 week low of $60.22 and a 52 week high of $86.38.

ICF International (NASDAQ:ICFI) last posted its quarterly earnings results on Thursday, August 1st. The business services provider reported $0.97 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.93 by $0.04. The business had revenue of $366.70 million during the quarter, compared to the consensus estimate of $356.58 million. ICF International had a net margin of 4.67% and a return on equity of 11.37%. ICF International’s revenue for the quarter was up 13.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.80 earnings per share. As a group, equities analysts expect that ICF International will post 4.18 EPS for the current year.

A number of research firms recently weighed in on ICFI. BidaskClub raised shares of ICF International from a hold rating to a buy rating in a research note on Friday, July 19th. Barrington Research reissued an outperform rating and set a $88.00 price target (up from $86.00) on shares of ICF International in a research note on Thursday, May 9th. ValuEngine downgraded shares of ICF International from a buy rating to a hold rating in a research note on Thursday. SunTrust Banks boosted their price target on shares of ICF International to $110.00 and gave the stock a buy rating in a research note on Friday. Finally, Zacks Investment Research raised shares of ICF International from a hold rating to a buy rating and set a $88.00 price target for the company in a research note on Tuesday, April 30th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. ICF International presently has an average rating of Buy and a consensus price target of $89.00.

In related news, COO John Wasson sold 14,468 shares of the business’s stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $80.76, for a total transaction of $1,168,435.68. Following the completion of the transaction, the chief operating officer now owns 82,248 shares in the company, valued at $6,642,348.48. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Sudhakar Kesavan sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $82.00, for a total transaction of $1,230,000.00. Following the transaction, the chief executive officer now owns 213,498 shares of the company’s stock, valued at approximately $17,506,836. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 47,084 shares of company stock valued at $3,864,503. Corporate insiders own 4.67% 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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Earnings History and Estimates for ICF International (NASDAQ:ICFI)

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