Wall Street brokerages expect ICF International Inc (NASDAQ:ICFI) to report $307.52 million in sales for the current quarter, according to Zacks. Five analysts have provided estimates for ICF International’s earnings, with the lowest sales estimate coming in at $302.60 million and the highest estimate coming in at $312.01 million. ICF International posted sales of $289.56 million during the same quarter last year, which suggests a positive year over year growth rate of 6.2%. The business is expected to report its next quarterly earnings report after the market closes on Tuesday, February 27th.
On average, analysts expect that ICF International will report full-year sales of $307.52 million for the current year, with estimates ranging from $1.21 billion to $1.22 billion. For the next fiscal year, analysts expect that the firm 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 sell-side analysts that cover ICF International.
Several brokerages have recently issued reports on ICFI. Zacks Investment Research cut shares of ICF International from a “buy” rating to a “hold” rating in a research report on Saturday, February 10th. BidaskClub raised shares of ICF International from a “strong sell” rating to a “sell” rating in a report on Saturday, February 10th. ValuEngine raised shares of ICF International from a “hold” rating to a “buy” rating in a report on Thursday, February 8th. Finally, Wells Fargo & Co raised their target price on shares of ICF International from $54.00 to $58.00 and gave the company a “market perform” rating in a report on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $58.50.
Shares of ICF International (NASDAQ:ICFI) traded down $0.20 on Friday, hitting $56.10. 63,705 shares of the stock traded hands, compared to its average volume of 78,878. The firm has a market capitalization of $1,027.20, a PE ratio of 22.26, a PEG ratio of 1.68 and a beta of 0.87. ICF International has a 1-year low of $40.20 and a 1-year high of $56.55. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.57 and a quick ratio of 1.57.
Large investors have recently modified their holdings of the stock. Ramsey Quantitative Systems acquired a new stake in ICF International in the fourth quarter valued at approximately $207,000. Eqis Capital Management Inc. acquired a new stake in ICF International in the third quarter valued at approximately $214,000. MetLife Investment Advisors LLC acquired a new stake in ICF International in the fourth quarter valued at approximately $466,000. First Quadrant L P CA raised its holdings in ICF International by 23.2% in the third quarter. First Quadrant L P CA now owns 13,201 shares of the business services provider’s stock valued at $712,000 after acquiring an additional 2,483 shares in the last quarter. Finally, California Public Employees Retirement System raised its holdings in ICF International by 28.3% in the second quarter. California Public Employees Retirement System now owns 27,200 shares of the business services provider’s stock valued at $1,281,000 after acquiring an additional 6,000 shares in the last quarter. 90.83% of the stock is currently owned by hedge funds and other institutional investors.
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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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