$307.52 Million in Sales Expected for ICF International Inc (ICFI) This Quarter

Analysts expect ICF International Inc (NASDAQ:ICFI) to announce sales of $307.52 million for the current quarter, according to Zacks. Five analysts have provided estimates for ICF International’s earnings, with estimates ranging from $302.60 million to $312.01 million. ICF International reported sales of $289.56 million in the same quarter last year, which indicates a positive year-over-year growth rate of 6.2%. The company is scheduled to report its next quarterly earnings report after the market closes on Tuesday, February 27th.

According to Zacks, analysts expect that ICF International will report full-year sales of $307.52 million for the current fiscal year, with estimates ranging from $1.21 billion to $1.22 billion. For the next financial year, analysts anticipate that the company will report sales of $1.26 billion per share, with estimates ranging from $1.25 billion to $1.27 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that follow ICF International.

Several research analysts have recently commented on ICFI shares. Wells Fargo & Co 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 note on Wednesday, October 25th. BidaskClub raised shares of ICF International from a “sell” rating to a “hold” rating in a report on Friday, December 29th. ValuEngine raised shares of ICF International from a “hold” rating to a “buy” rating in a report on Thursday. Zacks Investment Research cut shares of ICF International from a “buy” rating to a “hold” rating in a report on Saturday, February 3rd. Finally, Noble Financial reaffirmed a “hold” rating on shares of ICF International in a report on Tuesday, November 7th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. ICF International has an average rating of “Hold” and an average target price of $58.50.

A number of large investors have recently modified their holdings of the stock. Investment Counselors of Maryland LLC raised its holdings in ICF International by 9.0% during the third quarter. Investment Counselors of Maryland LLC now owns 385,039 shares of the business services provider’s stock worth $20,773,000 after purchasing an additional 31,660 shares in the last quarter. State Street Corp raised its holdings in ICF International by 5.3% during the second quarter. State Street Corp now owns 359,155 shares of the business services provider’s stock worth $16,916,000 after purchasing an additional 18,151 shares in the last quarter. GW&K Investment Management LLC raised its holdings in ICF International by 96.1% during the fourth quarter. GW&K Investment Management LLC now owns 309,476 shares of the business services provider’s stock worth $16,247,000 after purchasing an additional 151,661 shares in the last quarter. Systematic Financial Management LP raised its holdings in ICF International by 24.9% during the fourth quarter. Systematic Financial Management LP now owns 199,118 shares of the business services provider’s stock worth $10,454,000 after purchasing an additional 39,686 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in ICF International by 38.5% during the third quarter. Russell Investments Group Ltd. now owns 116,909 shares of the business services provider’s stock worth $6,307,000 after purchasing an additional 32,502 shares in the last quarter. 92.28% of the stock is currently owned by hedge funds and other institutional investors.

ICF International (NASDAQ:ICFI) opened at $53.40 on Friday. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.39. ICF International has a 12 month low of $40.20 and a 12 month high of $56.55. The company has a market cap of $992.71, a P/E ratio of 21.27, a PEG ratio of 1.60 and a beta of 0.87.

ILLEGAL ACTIVITY NOTICE: This piece of content was published by American Banking News and is the sole property of of American Banking News. If you are accessing this piece of content on another publication, it was illegally copied and reposted in violation of United States and international copyright laws. The correct version of this piece of content can be read at https://www.americanbankingnews.com/2018/02/10/307-52-million-in-sales-expected-for-icf-international-inc-icfi-this-quarter.html.

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.

Get a free copy of the Zacks research report on ICF International (ICFI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for ICF International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ICF International and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply