Q3 2017 EPS Estimates for ICF International, Inc. (NASDAQ:ICFI) Decreased by Analyst
ICF International, Inc. (NASDAQ:ICFI) – Barrington Research dropped their Q3 2017 earnings per share estimates for shares of ICF International in a research report issued to clients and investors on Monday. Barrington Research analyst K. Steinke now forecasts that the business services provider will post earnings of $0.78 per share for the quarter, down from their prior estimate of $0.82. Barrington Research currently has a “Outperform” rating and a $55.00 target price on the stock. Barrington Research also issued estimates for ICF International’s Q4 2017 earnings at $0.78 EPS and FY2017 earnings at $2.96 EPS.
A number of other equities research analysts have also recently weighed in on ICFI. Noble Financial reiterated a “hold” rating on shares of ICF International in a research note on Thursday, August 3rd. Zacks Investment Research upgraded ICF International from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a research note on Friday. Finally, BidaskClub cut ICF International from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. ICF International currently has a consensus rating of “Hold” and an average target price of $57.33.
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ICF International (ICFI) opened at 45.40 on Tuesday. The stock has a market capitalization of $849.75 million, a price-to-earnings ratio of 18.23 and a beta of 0.81. The firm’s 50-day moving average is $46.31 and its 200-day moving average is $46.33. ICF International has a 52-week low of $39.25 and a 52-week high of $59.55.
ICF International (NASDAQ:ICFI) last posted its quarterly earnings results on Wednesday, August 2nd. The business services provider reported $0.73 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.73. ICF International had a net margin of 4.02% and a return on equity of 10.25%. The company had revenue of $306.39 million during the quarter, compared to analyst estimates of $309.15 million. During the same period last year, the firm posted $0.69 EPS. ICF International’s revenue for the quarter was up .3% compared to the same quarter last year.
A number of large investors have recently modified their holdings of the stock. SG Americas Securities LLC boosted its stake 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 worth $187,000 after buying an additional 2,153 shares in the last quarter. First Mercantile Trust Co. boosted its stake in shares of ICF International by 781.7% in the second quarter. First Mercantile Trust Co. now owns 5,290 shares of the business services provider’s stock worth $249,000 after buying an additional 4,690 shares in the last quarter. Airain ltd purchased a new stake in shares of ICF International during the first quarter worth $235,000. MARSHALL WACE ASIA Ltd purchased a new stake in shares of ICF International during the first quarter worth $309,000. Finally, Marshall Wace North America L.P. purchased a new stake in shares of ICF International during the first quarter worth $309,000. Institutional investors own 90.17% of the company’s stock.
In other ICF International news, COO John Wasson sold 626 shares of the business’s stock in a transaction that occurred 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 document filed with the SEC, which is available through this link. 5.48% of the stock is currently owned by insiders.
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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