ICF International, Inc. (ICFI) Expected to Post Earnings of $0.80 Per Share
Wall Street brokerages predict that ICF International, Inc. (NASDAQ:ICFI) will report earnings per share (EPS) of $0.80 for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for ICF International’s earnings, with the lowest EPS estimate coming in at $0.78 and the highest estimate coming in at $0.83. ICF International reported earnings per share of $0.81 during the same quarter last year, which indicates a negative year over year growth rate of 1.2%. The business is expected to issue its next earnings results on Tuesday, November 7th.
According to Zacks, analysts expect that ICF International will report full year earnings of $2.97 per share for the current financial year, with EPS estimates ranging from $2.93 to $3.01. For the next financial year, analysts expect that the company will report earnings of $3.19 per share, with EPS estimates ranging from $3.15 to $3.23. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for ICF International.
ICF International (NASDAQ:ICFI) last posted its earnings results on Wednesday, August 2nd. The business services provider reported $0.73 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.73. ICF International had a net margin of 4.02% and a return on equity of 10.25%. The firm 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 earnings per share. ICF International’s revenue for the quarter was up .3% compared to the same quarter last year.
A number of research firms have recently weighed in on ICFI. BidaskClub cut ICF International from a “buy” rating to a “hold” rating in a report on Saturday, July 8th. Zacks Investment Research upgraded ICF International from a “hold” rating to a “buy” rating and set a $51.00 target price for the company in a report on Thursday, June 22nd. Finally, SunTrust Banks, Inc. restated a “buy” rating and set a $56.00 target price on shares of ICF International in a report on Tuesday, August 29th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. ICF International presently has a consensus rating of “Hold” and an average price target of $57.00.
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 sale, the chief operating officer now owns 65,995 shares of the company’s stock, valued at approximately $3,134,762.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider James C. M. Morgan sold 10,000 shares of the stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $51.50, for a total value of $515,000.00. Following the completion of the sale, the insider now directly owns 26,325 shares in the company, valued at approximately $1,355,737.50. The disclosure for this sale can be found here. Insiders sold a total of 41,804 shares of company stock worth $2,072,483 in the last ninety days. 5.48% of the stock is owned by corporate insiders.
Hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC raised its position in ICF International by 90.3% in the 1st quarter. SG Americas Securities LLC now owns 4,537 shares of the business services provider’s stock valued at $187,000 after purchasing an additional 2,153 shares in the last quarter. First Mercantile Trust Co. raised its position in ICF International by 781.7% in the 2nd quarter. First Mercantile Trust Co. now owns 5,290 shares of the business services provider’s stock valued at $249,000 after purchasing an additional 4,690 shares in the last quarter. Airain ltd acquired a new stake in ICF International in the 1st quarter valued at about $235,000. MARSHALL WACE ASIA Ltd acquired a new stake in ICF International in the 1st quarter valued at about $309,000. Finally, Marshall Wace North America L.P. acquired a new stake in ICF International in the 1st quarter valued at about $309,000. 90.26% of the stock is currently owned by institutional investors.
ICF International (NASDAQ ICFI) traded up 2.82% on Friday, reaching $49.20. 147,866 shares of the company’s stock traded hands. The firm has a 50-day moving average price of $46.28 and a 200-day moving average price of $45.15. ICF International has a 52 week low of $40.20 and a 52 week high of $59.55. The stock has a market capitalization of $921.71 million, a price-to-earnings ratio of 19.76 and a beta of 0.83.
About ICF International
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for ICF International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ICF International Inc. and related companies with MarketBeat.com's FREE daily email newsletter.