ICF International, Inc. (ICFI) Updates FY17 Earnings Guidance
ICF International, Inc. (NASDAQ:ICFI) updated its FY17 earnings guidance on Thursday. The company provided earnings per share guidance of $2.95-3.05 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.99. The company issued revenue guidance of $1.21-1.23 billion, compared to the consensus revenue estimate of $1.22 billion.
Several analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of ICF International from a hold rating to a buy rating and set a $52.00 price objective on the stock in a research report on Friday, August 4th. Noble Financial restated a hold rating on shares of ICF International in a research report on Thursday, August 3rd. Wells Fargo & Company raised their price objective on shares of ICF International from $54.00 to $58.00 and gave the company a market perform rating in a research report on Wednesday, October 25th. BidaskClub cut shares of ICF International from a hold rating to a sell rating in a research report on Friday, July 28th. Finally, SunTrust Banks, Inc. restated a buy rating and set a $62.00 price objective on shares of ICF International in a research report on Friday, September 22nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of $60.40.
ICF International (NASDAQ:ICFI) last released its quarterly earnings results on Wednesday, August 2nd. The business services provider reported $0.73 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.73. The company 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%. ICF International’s revenue was up .3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.69 earnings per share.
In related news, insider James C. M. Morgan sold 4,696 shares of the company’s stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $55.00, for a total transaction of $258,280.00. Following the sale, the insider now owns 22,479 shares of the company’s stock, valued at $1,236,345. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO John Wasson sold 13,086 shares of the company’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $50.00, for a total transaction of $654,300.00. Following the sale, the chief operating officer now directly owns 66,620 shares in the company, valued at approximately $3,331,000. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 52,029 shares of company stock worth $2,683,653. 5.48% of the stock is owned by insiders.
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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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