$310.38 Million in Sales Expected for ICF International, Inc. (ICFI) This Quarter
Brokerages expect ICF International, Inc. (NASDAQ:ICFI) to announce $310.38 million in sales for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for ICF International’s earnings, with the lowest sales estimate coming in at $305.20 million and the highest estimate coming in at $316.00 million. ICF International reported sales of $306.52 million in the same quarter last year, which indicates a positive year over year growth rate of 1.3%. The company is scheduled to announce its next quarterly earnings results on Tuesday, November 7th.
According to Zacks, analysts expect that ICF International will report full-year sales of $310.38 million for the current fiscal year, with estimates ranging from $1.21 billion to $1.23 billion. For the next financial year, analysts anticipate that the company will post sales of $1.26 billion per share, with estimates ranging from $1.25 billion to $1.28 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow ICF International.
ICF International (NASDAQ:ICFI) last posted its quarterly earnings data on Wednesday, August 2nd. The business services provider reported $0.73 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.73. The firm had revenue of $306.39 million for the quarter, compared to the consensus estimate of $309.15 million. ICF International had a net margin of 4.02% and a return on equity of 10.25%. The business’s revenue for the quarter was up .3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.69 EPS.
A number of research firms have weighed in on ICFI. Noble Financial reissued a “hold” rating on shares of ICF International in a report on Sunday, May 7th. Zacks Investment Research raised ICF International from a “hold” rating to a “buy” rating and set a $54.00 target price on the stock in a report on Tuesday, May 9th. Barrington Research increased their target price 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 downgraded ICF International from a “buy” rating to a “hold” rating in a report on Saturday, July 8th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $57.33.
In other ICF International news, COO John Wasson sold 12,461 shares of the stock in a transaction dated Thursday, July 20th. The stock was sold at an average price of $47.50, for a total value of $591,897.50. Following the transaction, the chief operating officer now owns 65,995 shares of the company’s stock, valued at $3,134,762.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 5.48% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the company. California Public Employees Retirement System increased its position in ICF International by 28.3% in the second quarter. California Public Employees Retirement System now owns 27,200 shares of the business services provider’s stock valued at $1,281,000 after buying an additional 6,000 shares during the period. Thrivent Financial For Lutherans increased its position in ICF International by 19.5% in the second quarter. Thrivent Financial For Lutherans now owns 256,453 shares of the business services provider’s stock valued at $12,079,000 after buying an additional 41,843 shares during the period. Ameriprise Financial Inc. increased its position in ICF International by 163.3% in the second quarter. Ameriprise Financial Inc. now owns 72,959 shares of the business services provider’s stock valued at $3,436,000 after buying an additional 45,251 shares during the period. Teachers Advisors LLC increased its position in ICF International by 6.3% in the second quarter. Teachers Advisors LLC now owns 32,729 shares of the business services provider’s stock valued at $1,542,000 after buying an additional 1,946 shares during the period. Finally, Martingale Asset Management L P increased its position in ICF International by 27.1% in the second quarter. Martingale Asset Management L P now owns 80,726 shares of the business services provider’s stock valued at $3,803,000 after buying an additional 17,205 shares during the period. 90.17% of the stock is currently owned by hedge funds and other institutional investors.
ICF International (NASDAQ:ICFI) opened at 45.60 on Friday. ICF International has a 12-month low of $39.25 and a 12-month high of $59.55. The stock has a market capitalization of $854.27 million, a P/E ratio of 18.31 and a beta of 0.81. The firm’s 50-day moving average is $46.10 and its 200-day moving average is $46.04.
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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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