ICON plc (ICLR) Set to Announce Quarterly Earnings on Thursday
ICON plc (NASDAQ:ICLR) will be issuing its quarterly earnings data on Thursday, October 24th. ICON plc has set its FY13 guidance at $1.54-1.64 EPS.Parties that are interested in registering for the company’s conference call can do so using this link.
ICON plc (NASDAQ:ICLR) last released its earnings data on Thursday, July 25th. The company reported $0.43 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.38 by $0.05. The company had revenue of $334.20 million for the quarter, compared to the consensus estimate of $321.82 million. During the same quarter in the prior year, the company posted $0.21 earnings per share. The company’s quarterly revenue was up 20.6% on a year-over-year basis. On average, analysts expect ICON plc to post $1.62 EPS for the current fiscal year and $1.94 EPS for the next fiscal year.
Shares of ICON plc (NASDAQ:ICLR) traded down 1.80% during mid-day trading on Wednesday, hitting $39.28. 193,969 shares of the company’s stock traded hands. ICON plc has a one year low of $22.43 and a one year high of $40.98. The stock has a 50-day moving average of $38. and a 200-day moving average of $34.76. The company has a market cap of $2.391 billion and a P/E ratio of 30.51.
A number of analysts have recently weighed in on ICLR shares. Analysts at UBS AG initiated coverage on shares of ICON plc in a research note to investors on Tuesday, September 17th. They set a “buy” rating and a $50.00 price target on the stock. On the ratings front, analysts at Robert W. Baird raised their price target on shares of ICON plc from $43.00 to $47.00 in a research note to investors on Friday, July 26th. They now have an “outperform” rating on the stock. Finally, analysts at ISI Group raised their price target on shares of ICON plc from $37.50 to $46.00 in a research note to investors on Friday, July 26th. They now have a “buy” rating on the stock. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $42.14.
ICON public limited company (NASDAQ:ICLR) is a contract research organization (CRO), providing outsourced development services on a global basis to the pharmaceutical, biotechnology and medical device industries.
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