Equities research analysts predict that ICF International Inc (NASDAQ:ICFI) will report sales of $357.20 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for ICF International’s earnings, with the lowest sales estimate coming in at $351.60 million and the highest estimate coming in at $365.20 million. ICF International reported sales of $324.32 million in the same quarter last year, which would suggest a positive year over year growth rate of 10.1%. The company is expected to issue its next quarterly earnings results after the market closes on Thursday, August 1st.
According to Zacks, analysts expect that ICF International will report full year sales of $1.48 billion for the current year. For the next financial year, analysts forecast that the firm will report sales of $1.56 billion, with estimates ranging from $1.53 billion to $1.59 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover ICF International.
ICF International (NASDAQ:ICFI) last issued its quarterly earnings results on Thursday, May 2nd. The business services provider reported $0.87 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.09. ICF International had a return on equity of 11.37% and a net margin of 4.67%. The firm had revenue of $341.25 million during the quarter, compared to analyst estimates of $328.54 million. During the same period last year, the company earned $0.77 EPS. ICF International’s quarterly revenue was up 12.7% compared to the same quarter last year.
ICFI has been the subject of a number of research analyst reports. Zacks Investment Research lowered German American Bancorp. from a “buy” rating to a “hold” rating in a research note on Tuesday, April 30th. BidaskClub raised Misonix from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 3rd. Barrington Research reissued an “outperform” rating and set a $88.00 price target (up from $86.00) on shares of ICF International in a research note on Thursday, May 9th. Finally, ValuEngine raised Vistra Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, July 3rd. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $84.80.
Shares of ICFI stock opened at $80.02 on Friday. ICF International has a 52-week low of $60.22 and a 52-week high of $82.25. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.42 and a quick ratio of 1.42. The company has a market cap of $1.47 billion, a price-to-earnings ratio of 21.45, a P/E/G ratio of 1.88 and a beta of 0.64. The business’s 50 day simple moving average is $74.51.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 16th. Shareholders of record on Friday, June 14th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date is Thursday, June 13th. ICF International’s dividend payout ratio (DPR) is presently 15.01%.
In other ICF International news, Director Peter M. Schulte sold 1,244 shares of ICF International stock in a transaction on Friday, May 24th. The stock was sold at an average price of $73.62, for a total transaction of $91,583.28. Following the completion of the sale, the director now directly owns 232,338 shares of the company’s stock, valued at approximately $17,104,723.56. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Peter M. Schulte sold 1,372 shares of ICF International stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $72.51, for a total value of $99,483.72. Following the sale, the director now directly owns 230,966 shares of the company’s stock, valued at $16,747,344.66. The disclosure for this sale can be found here. Insiders own 4.42% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the business. Copper Rock Capital Partners LLC grew its position in ICF International by 13.2% in the second quarter. Copper Rock Capital Partners LLC now owns 325,548 shares of the business services provider’s stock worth $23,700,000 after acquiring an additional 38,051 shares during the period. Marshall Wace North America L.P. grew its position in ICF International by 308.9% in the first quarter. Marshall Wace North America L.P. now owns 2,114 shares of the business services provider’s stock worth $161,000 after acquiring an additional 1,597 shares during the period. Marshall Wace LLP purchased a new position in ICF International in the first quarter worth approximately $2,327,000. RK Capital Management LLC purchased a new position in ICF International in the first quarter worth approximately $7,562,000. Finally, Thompson Siegel & Walmsley LLC purchased a new position in ICF International in the first quarter worth approximately $10,254,000. 93.12% of the stock is owned by institutional investors and hedge funds.
About ICF International
ICF International Inc provides management, marketing, technology, and policy consulting and implementation services to government and commercial clients in the United States and internationally. The company researches critical policy, industry, stakeholder issues, trends, and behaviors; measures and evaluates results and their impact; and provides strategic planning and advisory services to its clients on how to navigate societal, market, business, communication, and technology challenges.
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