Wall Street analysts expect ICF International Inc (NASDAQ:ICFI) to announce $1.02 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Three analysts have made estimates for ICF International’s earnings. The lowest EPS estimate is $1.00 and the highest is $1.03. ICF International reported earnings of $0.83 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 22.9%. The company is expected to issue its next quarterly earnings report on Thursday, November 1st.
On average, analysts expect that ICF International will report full-year earnings of $3.81 per share for the current financial year, with EPS estimates ranging from $3.77 to $3.85. For the next financial year, analysts forecast that the business will post earnings of $4.26 per share, with EPS estimates ranging from $4.18 to $4.35. Zacks’ earnings per share averages are an average based on a survey of analysts that cover ICF International.
ICF International (NASDAQ:ICFI) last announced its quarterly earnings results on Thursday, August 2nd. The business services provider reported $0.80 EPS for the quarter, missing the Zacks’ consensus estimate of $0.90 by ($0.10). ICF International had a net margin of 5.33% and a return on equity of 9.90%. The firm had revenue of $324.30 million for the quarter, compared to analyst estimates of $315.92 million. During the same period in the previous year, the business posted $0.73 earnings per share. The business’s revenue for the quarter was up 5.8% compared to the same quarter last year.
A number of analysts have recently commented on the company. Loop Capital lifted their price target on ICF International to $89.00 and gave the company a “buy” rating in a research note on Friday, August 3rd. BidaskClub lowered ICF International from a “buy” rating to a “hold” rating in a research note on Saturday, July 21st. Zacks Investment Research downgraded ICF International from a “buy” rating to a “hold” rating in a research report on Friday, June 15th. Barrington Research set a $86.00 price objective on ICF International and gave the stock a “buy” rating in a research report on Monday, August 13th. Finally, Cowen upgraded ICF International from a “market perform” rating to an “outperform” rating and set a $85.00 price objective for the company in a research report on Friday, August 3rd. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $79.67.
Shares of ICFI stock opened at $73.57 on Friday. ICF International has a 12 month low of $50.10 and a 12 month high of $82.25. The stock has a market cap of $1.42 billion, a PE ratio of 24.21, a PEG ratio of 1.98 and a beta of 0.70. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.38.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 16th. Stockholders of record on Friday, September 7th will be given a dividend of $0.14 per share. The ex-dividend date is Thursday, September 6th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.76%. ICF International’s dividend payout ratio (DPR) is 18.54%.
In other news, CEO Sudhakar Kesavan sold 4,152 shares of the firm’s stock in a transaction dated Wednesday, July 11th. The stock was sold at an average price of $74.00, for a total transaction of $307,248.00. Following the completion of the transaction, the chief executive officer now directly owns 171,522 shares in the company, valued at $12,692,628. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Sergio J. Ostria sold 1,132 shares of the firm’s stock in a transaction dated Thursday, July 12th. The stock was sold at an average price of $74.00, for a total value of $83,768.00. Following the transaction, the executive vice president now owns 8,247 shares of the company’s stock, valued at $610,278. The disclosure for this sale can be found here. Insiders have sold 45,716 shares of company stock valued at $3,543,842 over the last 90 days. 4.67% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently modified their holdings of the company. Martingale Asset Management L P raised its position in shares of ICF International by 1.2% during the second quarter. Martingale Asset Management L P now owns 74,107 shares of the business services provider’s stock worth $5,266,000 after acquiring an additional 899 shares during the last quarter. Barclays PLC increased its holdings in ICF International by 45.6% in the first quarter. Barclays PLC now owns 33,685 shares of the business services provider’s stock worth $1,968,000 after purchasing an additional 10,542 shares in the last quarter. Wells Fargo & Company MN increased its holdings in ICF International by 3.1% in the first quarter. Wells Fargo & Company MN now owns 28,553 shares of the business services provider’s stock worth $1,669,000 after purchasing an additional 862 shares in the last quarter. Citadel Advisors LLC increased its holdings in ICF International by 101.9% in the first quarter. Citadel Advisors LLC now owns 11,483 shares of the business services provider’s stock worth $671,000 after purchasing an additional 5,796 shares in the last quarter. Finally, Systematic Financial Management LP increased its holdings in ICF International by 25.9% in the second quarter. Systematic Financial Management LP now owns 315,416 shares of the business services provider’s stock worth $22,410,000 after purchasing an additional 64,943 shares in the last quarter. Institutional investors own 90.83% 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, and 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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