Research Analysts Set Expectations for ICF International, Inc.’s Q3 2017 Earnings (NASDAQ:ICFI)
ICF International, Inc. (NASDAQ:ICFI) – Research analysts at SunTrust Banks cut their Q3 2017 EPS estimates for shares of ICF International in a research report issued to clients and investors on Thursday. SunTrust Banks analyst T. Sommer now forecasts that the business services provider will post earnings per share of $0.79 for the quarter, down from their prior forecast of $0.80. SunTrust Banks also issued estimates for ICF International’s Q4 2017 earnings at $0.78 EPS.
A number of other brokerages have also issued reports on ICFI. Noble Financial reiterated a “hold” rating on shares of ICF International in a research report on Sunday, May 7th. Zacks Investment Research upgraded ICF International from a “hold” rating to a “buy” rating and set a $54.00 price target for the company in a research report on Tuesday, May 9th. Barrington Research upped their price objective on ICF International from $49.00 to $55.00 and gave the company an “outperform” rating in a report on Thursday, May 18th. Finally, BidaskClub lowered ICF International from a “buy” rating to a “hold” rating in a report on Saturday, July 8th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. ICF International presently has a consensus rating of “Hold” and an average target price of $57.33.
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Shares of ICF International (ICFI) opened at 46.20 on Monday. The firm has a 50-day moving average price of $46.31 and a 200-day moving average price of $46.33. The firm has a market cap of $864.73 million, a P/E ratio of 18.55 and a beta of 0.81. ICF International has a 12-month low of $39.25 and a 12-month high of $59.55.
ICF International (NASDAQ:ICFI) last released its earnings results on Wednesday, August 2nd. The business services provider reported $0.73 EPS for the quarter, meeting analysts’ consensus estimates of $0.73. ICF International had a return on equity of 10.31% and a net margin of 4.02%. The company had revenue of $306.39 million during the quarter, compared to the consensus estimate of $309.15 million. During the same quarter last year, the company earned $0.69 earnings per share. ICF International’s quarterly revenue was up .3% compared to the same quarter last year.
Hedge funds have recently made changes to their positions in the stock. Alambic Investment Management L.P. purchased a new stake in shares of ICF International during the first quarter valued at $665,000. Airain ltd purchased a new stake in shares of ICF International during the first quarter valued at $235,000. Pax World Management LLC raised its stake in shares of ICF International by 21.1% in the first quarter. Pax World Management LLC now owns 114,793 shares of the business services provider’s stock valued at $4,741,000 after buying an additional 20,000 shares during the period. Karp Capital Management Corp purchased a new stake in shares of ICF International during the first quarter valued at $583,000. Finally, Bank of New York Mellon Corp raised its stake in shares of ICF International by 58.7% in the first quarter. Bank of New York Mellon Corp now owns 158,223 shares of the business services provider’s stock valued at $6,535,000 after buying an additional 58,498 shares during the period. Institutional investors and hedge funds own 90.20% of the company’s stock.
In other news, COO John Wasson sold 626 shares of the company’s stock in a transaction on Wednesday, July 19th. The stock was sold at an average price of $47.50, for a total value of $29,735.00. Following the completion of the sale, the chief operating officer now owns 54,160 shares in the company, valued at $2,572,600. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 5.48% 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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