ICF International, Inc. (NASDAQ:ICFI) Expected to Announce Quarterly Sales of $306.30 Million
Wall Street brokerages expect ICF International, Inc. (NASDAQ:ICFI) to report sales of $306.30 million for the current fiscal quarter, according to Zacks Investment Research. Five analysts have made estimates for ICF International’s earnings, with the highest sales estimate coming in at $310.00 million and the lowest estimate coming in at $305.00 million. ICF International reported sales of $305.42 million during the same quarter last year, which indicates a positive year over year growth rate of 0.3%. The firm is scheduled to report its next quarterly earnings report after the market closes on Wednesday, August 2nd.
According to Zacks, analysts expect that ICF International will report full-year sales of $306.30 million for the current fiscal year, with estimates ranging from $1.21 billion to $1.23 billion. For the next financial year, analysts forecast that the business will post sales of $1.26 billion per share, with estimates ranging from $1.24 billion to $1.28 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for ICF International.
ICF International (NASDAQ:ICFI) last issued its earnings results on Thursday, May 4th. The business services provider reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.07. ICF International had a return on equity of 10.32% and a net margin of 3.91%. The business had revenue of $296.30 million during the quarter, compared to analyst estimates of $293.28 million. During the same period in the previous year, the company posted $0.62 EPS. The firm’s revenue was up 4.5% compared to the same quarter last year.
A number of analysts have recently weighed in on ICFI shares. Noble Financial reiterated a “hold” rating on shares of ICF International in a report on Sunday, May 7th. Zacks Investment Research upgraded shares of ICF International from a “hold” rating to a “buy” rating and set a $52.00 target price for the company in a report on Friday, June 16th. Barrington Research increased their target price on shares of ICF International from $49.00 to $55.00 and gave the stock an “outperform” rating in a report on Thursday, May 18th. Finally, BidaskClub lowered shares of ICF International from a “buy” rating to a “hold” rating in a report on Saturday, July 8th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $55.50.
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Shares of ICF International (ICFI) opened at 46.20 on Friday. The company has a market capitalization of $868.51 million, a price-to-earnings ratio of 19.18 and a beta of 0.83. ICF International has a 12 month low of $39.25 and a 12 month high of $59.55. The company has a 50-day moving average price of $46.61 and a 200-day moving average price of $46.90.
In other news, COO John Wasson sold 12,461 shares of ICF International stock in a transaction on Thursday, July 20th. The shares were sold at an average price of $47.50, for a total transaction of $591,897.50. Following the transaction, the chief operating officer now owns 65,995 shares in the company, valued at approximately $3,134,762.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 5.48% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. American International Group Inc. boosted its position in shares of ICF International by 7.1% in the first quarter. American International Group Inc. now owns 11,116 shares of the business services provider’s stock valued at $459,000 after buying an additional 735 shares in the last quarter. Blair William & Co. IL boosted its position in shares of ICF International by 6.5% in the first quarter. Blair William & Co. IL now owns 13,326 shares of the business services provider’s stock valued at $563,000 after buying an additional 811 shares in the last quarter. Metropolitan Life Insurance Co. NY boosted its position in shares of ICF International by 8.6% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 13,061 shares of the business services provider’s stock valued at $721,000 after buying an additional 1,038 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of ICF International by 90.3% in the first quarter. SG Americas Securities LLC now owns 4,537 shares of the business services provider’s stock valued at $187,000 after buying an additional 2,153 shares in the last quarter. Finally, LSV Asset Management boosted its position in shares of ICF International by 67.9% in the first quarter. LSV Asset Management now owns 9,400 shares of the business services provider’s stock valued at $388,000 after buying an additional 3,800 shares in the last quarter. Institutional investors and hedge funds own 90.19% of the company’s stock.
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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