ICF International Inc (NASDAQ:ICFI) – Research analysts at SunTrust Banks reduced their FY2019 earnings estimates for ICF International in a research note issued to investors on Wednesday, November 6th. SunTrust Banks analyst T. Sommer now forecasts that the business services provider will post earnings per share of $4.18 for the year, down from their prior forecast of $4.24. SunTrust Banks has a “Buy” rating and a $110.00 price objective on the stock. SunTrust Banks also issued estimates for ICF International’s Q4 2019 earnings at $1.22 EPS, Q1 2020 earnings at $0.93 EPS, Q2 2020 earnings at $1.12 EPS, Q3 2020 earnings at $1.19 EPS, Q4 2020 earnings at $1.48 EPS and FY2020 earnings at $4.73 EPS.
ICF International (NASDAQ:ICFI) last released its quarterly earnings data on Wednesday, November 6th. The business services provider reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.04. The business had revenue of $373.92 million during the quarter, compared to analyst estimates of $367.13 million. ICF International had a return on equity of 11.73% and a net margin of 4.60%. The company’s revenue was up 12.3% compared to the same quarter last year. During the same period last year, the company posted $1.01 EPS.
Several other equities research analysts have also weighed in on ICFI. BidaskClub raised ICF International from a “hold” rating to a “buy” rating in a research note on Tuesday, October 29th. Sidoti increased their target price on ICF International from $96.00 to $99.00 and gave the company a “buy” rating in a report on Thursday, September 19th. Barrington Research restated a “buy” rating and issued a $89.00 target price on shares of ICF International in a report on Wednesday, August 7th. Zacks Investment Research lowered ICF International from a “buy” rating to a “hold” rating and set a $88.00 target price for the company. in a report on Tuesday, August 20th. Finally, ValuEngine lowered ICF International from a “buy” rating to a “hold” rating in a report on Tuesday, September 10th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. ICF International presently has an average rating of “Buy” and a consensus price target of $90.83.
Shares of ICFI traded down $0.45 during trading hours on Friday, hitting $88.92. 1,065 shares of the company were exchanged, compared to its average volume of 94,801. The company has a market capitalization of $1.62 billion, a PE ratio of 23.93, a PEG ratio of 2.06 and a beta of 0.60. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.66 and a quick ratio of 1.66. The firm has a fifty day simple moving average of $81.62 and a 200-day simple moving average of $79.01. ICF International has a one year low of $60.22 and a one year high of $92.06.
Large investors have recently made changes to their positions in the stock. FTB Advisors Inc. increased its position in ICF International by 106.6% during the third quarter. FTB Advisors Inc. now owns 566 shares of the business services provider’s stock worth $47,000 after buying an additional 292 shares during the last quarter. Meeder Asset Management Inc. grew its position in shares of ICF International by 94.6% in the third quarter. Meeder Asset Management Inc. now owns 687 shares of the business services provider’s stock valued at $58,000 after purchasing an additional 334 shares during the last quarter. Paloma Partners Management Co acquired a new stake in shares of ICF International in the second quarter valued at about $246,000. Dupont Capital Management Corp acquired a new stake in shares of ICF International in the second quarter valued at about $639,000. Finally, UBS Asset Management Americas Inc. grew its position in shares of ICF International by 6.9% in the second quarter. UBS Asset Management Americas Inc. now owns 11,867 shares of the business services provider’s stock valued at $864,000 after purchasing an additional 766 shares during the last quarter. Institutional investors and hedge funds own 93.86% of the company’s stock.
ICF International Company Profile
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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