$0.80 Earnings Per Share Expected for ICF International, Inc. (ICFI) This Quarter
Equities analysts expect ICF International, Inc. (NASDAQ:ICFI) to post earnings per share of $0.80 for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for ICF International’s earnings. The highest EPS estimate is $0.83 and the lowest is $0.78. ICF International reported earnings per share of $0.81 in the same quarter last year, which would suggest a negative year-over-year growth rate of 1.2%. The company is expected to announce its next earnings results after the market closes on Thursday, November 2nd.
On average, analysts expect that ICF International will report full-year earnings of $2.97 per share for the current year, with EPS estimates ranging from $2.93 to $3.01. For the next year, analysts forecast 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 follow ICF International.
ICF International (NASDAQ:ICFI) last announced its quarterly earnings data on Wednesday, August 2nd. The business services provider reported $0.73 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.73. The business had revenue of $306.39 million during the quarter, compared to the consensus estimate of $309.15 million. ICF International had a return on equity of 10.25% and a net margin of 4.02%. The business’s revenue for the quarter was up .3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.69 earnings per share.
A number of equities analysts have recently weighed in on the stock. Zacks Investment Research raised shares of ICF International from a “hold” rating to a “buy” rating and set a $62.00 price target on the stock in a research note on Wednesday. SunTrust Banks, Inc. restated a “buy” rating and set a $62.00 price target on shares of ICF International in a report on Friday, September 22nd. BidaskClub cut shares of ICF International from a “buy” rating to a “hold” rating in a report on Saturday, July 8th. Finally, Noble Financial restated a “hold” rating on shares of ICF International in a report on Thursday, August 3rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $61.00.
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Shares of ICF International (NASDAQ:ICFI) traded up 1.18% on Thursday, reaching $55.85. The company had a trading volume of 12,870 shares. 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 $1.05 billion, a PE ratio of 22.43 and a beta of 0.89. The company has a 50 day moving average price of $49.10 and a 200 day moving average price of $46.20.
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 directly owns 65,995 shares of the company’s stock, valued at $3,134,762.50. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider James C. M. Morgan sold 4,696 shares of ICF International stock in a transaction on Thursday, September 28th. The stock was sold at an average price of $55.00, for a total transaction of $258,280.00. Following the transaction, the insider now directly owns 22,479 shares in the company, valued at $1,236,345. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 65,116 shares of company stock worth $3,305,286. Insiders own 5.48% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of ICFI. Seizert Capital Partners LLC increased its stake in ICF International by 1.2% in the 2nd quarter. Seizert Capital Partners LLC now owns 59,552 shares of the business services provider’s stock valued at $2,805,000 after buying an additional 707 shares during the last quarter. American International Group Inc. increased its stake in shares of ICF International by 7.1% during the 1st quarter. American International Group Inc. now owns 11,116 shares of the business services provider’s stock worth $459,000 after purchasing an additional 735 shares during the last quarter. Blair William & Co. IL increased its stake in shares of ICF International by 6.5% during the 1st quarter. Blair William & Co. IL now owns 13,326 shares of the business services provider’s stock worth $563,000 after purchasing an additional 811 shares during the last quarter. Systematic Financial Management LP increased its stake in shares of ICF International by 3.5% during the 2nd quarter. Systematic Financial Management LP now owns 32,395 shares of the business services provider’s stock worth $1,526,000 after purchasing an additional 1,085 shares during the last quarter. Finally, Strs Ohio increased its stake in shares of ICF International by 7.3% during the 2nd quarter. Strs Ohio now owns 17,600 shares of the business services provider’s stock worth $828,000 after purchasing an additional 1,200 shares during the last quarter. 90.26% of the stock is currently owned by institutional investors and hedge funds.
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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