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

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.

WARNING: “$307.52 Million in Sales Expected for ICF International Inc (ICFI) This Quarter” was published by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are viewing this article on another website, it was illegally stolen and reposted in violation of US & international copyright law. The legal version of this article can be viewed at https://www.thelincolnianonline.com/2018/02/15/307-52-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