Equities analysts expect ICF International, Inc. (NASDAQ:ICFI) to post sales of $307.53 million for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for ICF International’s earnings. The lowest sales estimate is $302.60 million and the highest is $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 firm is expected to report its next earnings results on Monday, February 26th.
According to Zacks, analysts expect that ICF International will report full-year sales of $307.53 million for the current year, with estimates ranging from $1.21 billion to $1.22 billion. For the next fiscal year, analysts forecast that the firm will post sales of $1.26 billion per share, with estimates ranging from $1.25 billion to $1.28 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow ICF International.
ICF International (NASDAQ:ICFI) last announced its earnings results on Thursday, November 2nd. The business services provider reported $0.83 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.03. The business had revenue of $305.30 million during the quarter, compared to analyst estimates of $311.49 million. ICF International had a return on equity of 10.14% and a net margin of 4.05%. ICF International’s revenue for the quarter was down .4% compared to the same quarter last year. During the same period last year, the company earned $0.81 EPS.
Several research analysts recently issued reports on ICFI shares. Zacks Investment Research lowered ICF International from a “buy” rating to a “hold” rating in a research report on Tuesday, October 10th. SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $56.00 target price on shares of ICF International in a research report on Tuesday, August 29th. BidaskClub lowered ICF International from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Wells Fargo & Company raised their target price on ICF International from $54.00 to $58.00 and gave the stock a “market perform” rating in a research report on Wednesday, October 25th. Finally, ValuEngine lowered ICF International from a “buy” rating to a “hold” rating in a research report on Saturday, November 4th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $60.40.
In other ICF International news, insider Ellen Glover sold 5,631 shares of the stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $50.00, for a total transaction of $281,550.00. Following the completion of the sale, the insider now directly owns 33,354 shares in the company, valued at approximately $1,667,700. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider James C. M. Morgan sold 10,000 shares of the stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $51.50, for a total value of $515,000.00. Following the sale, the insider now owns 26,325 shares of the company’s stock, valued at $1,355,737.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 52,029 shares of company stock valued at $2,683,653. Company insiders own 5.48% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of ICFI. Eqis Capital Management Inc. acquired a new stake in shares of ICF International in the 3rd quarter valued at about $214,000. First Mercantile Trust Co. grew its stake in shares of ICF International by 781.7% in the 2nd quarter. First Mercantile Trust Co. now owns 5,290 shares of the business services provider’s stock valued at $249,000 after buying an additional 4,690 shares during the period. SG Americas Securities LLC grew its stake in shares of ICF International by 89.1% in the 2nd quarter. SG Americas Securities LLC now owns 8,579 shares of the business services provider’s stock valued at $404,000 after buying an additional 4,042 shares during the period. Cigna Investments Inc. New acquired a new stake in shares of ICF International in the 2nd quarter valued at about $423,000. Finally, Torray LLC grew its stake in shares of ICF International by 37.5% in the 2nd quarter. Torray LLC now owns 10,691 shares of the business services provider’s stock valued at $504,000 after buying an additional 2,913 shares during the period. Institutional investors own 91.43% of the company’s stock.
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ICF International (NASDAQ:ICFI) opened at $53.75 on Wednesday. The stock has a market capitalization of $1,000.00, a price-to-earnings ratio of 17.91, a P/E/G ratio of 1.80 and a beta of 0.83. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.39. ICF International has a 12-month low of $40.20 and a 12-month high of $59.55.
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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