ICF International, Inc. (ICFI) Issues Quarterly Earnings Results, Beats Estimates By $0.03 EPS
ICF International, Inc. (NASDAQ:ICFI) issued its quarterly earnings results on Thursday. The business services provider reported $0.83 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.03, Bloomberg Earnings reports. The firm had revenue of $305.30 million for the quarter, compared to analysts’ expectations of $311.49 million. ICF International had a return on equity of 10.21% and a net margin of 4.05%. The firm’s revenue for the quarter was down .4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.81 EPS. ICF International updated its FY17 guidance to $2.95-3.05 EPS.
Shares of ICF International (ICFI) traded down $2.45 on Friday, reaching $50.90. The company’s stock had a trading volume of 110,927 shares, compared to its average volume of 75,008. The company has a market cap of $1.00 billion, a PE ratio of 17.81, a price-to-earnings-growth ratio of 1.80 and a beta of 0.83. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.49.
In other news, insider James C. M. Morgan sold 4,696 shares of ICF International stock in a transaction dated Thursday, September 28th. The stock was 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 in the company, valued at $1,236,345. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO John Wasson sold 12,887 shares of ICF International stock in a transaction dated Friday, September 22nd. The stock was sold at an average price of $52.50, for a total value of $676,567.50. Following the sale, the chief operating officer now owns 66,421 shares in the company, valued at approximately $3,487,102.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 52,029 shares of company stock valued at $2,683,653. 5.48% of the stock is currently owned by company insiders.
Several equities analysts recently issued reports on ICFI shares. Zacks Investment Research cut ICF International from a “buy” rating to a “hold” rating in a research report on Tuesday, October 10th. Wells Fargo & Company boosted their price target on 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 ICF International from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 26th. SunTrust Banks, Inc. restated a “buy” rating and issued a $62.00 price target on shares of ICF International in a research report on Friday, September 22nd. Finally, Noble Financial restated a “hold” rating on shares of ICF International in a research report on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $60.40.
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.
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