ICF International Inc. (NASDAQ:ICFI) – Analysts at Barrington Research increased their FY2016 earnings per share estimates for ICF International in a research report issued on Tuesday. Barrington Research analyst K. Steinke now forecasts that the brokerage will post earnings per share of $2.91 for the year, up from their prior forecast of $2.86. Barrington Research also issued estimates for ICF International’s Q4 2016 earnings at $0.80 EPS and FY2017 earnings at $3.16 EPS.

ICF International (NASDAQ:ICFI) last released its quarterly earnings results on Tuesday, November 1st. The company reported $0.81 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.81. ICF International had a return on equity of 10.23% and a net margin of 3.78%. The business earned $306.52 million during the quarter, compared to analysts’ expectations of $302.02 million. During the same period in the previous year, the business posted $0.75 earnings per share. The firm’s revenue for the quarter was up 6.1% compared to the same quarter last year.

Earnings History and Estimates for ICF International (NASDAQ:ICFI)

ICFI has been the topic of a number of other reports. Zacks Investment Research raised ICF International from a “hold” rating to a “buy” rating and set a $49.00 price objective on the stock in a report on Tuesday, September 20th. Stifel Nicolaus upped their price objective on ICF International from $49.00 to $51.00 and gave the company a “buy” rating in a report on Wednesday, August 3rd. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $52.00.

Shares of ICF International (NASDAQ:ICFI) opened at 49.70 on Wednesday. ICF International has a 12 month low of $31.26 and a 12 month high of $50.75. The firm has a market capitalization of $942.16 million, a price-to-earnings ratio of 21.60 and a beta of 0.90. The company has a 50-day moving average price of $45.93 and a 200-day moving average price of $42.24.

In other news, CFO James C. M. Morgan sold 10,000 shares of the stock in a transaction on Monday, November 7th. The stock was sold at an average price of $50.00, for a total transaction of $500,000.00. Following the sale, the chief financial officer now directly owns 20,980 shares of the company’s stock, valued at approximately $1,049,000. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Ellen Glover sold 8,952 shares of the stock in a transaction on Friday, September 16th. The stock was sold at an average price of $43.00, for a total value of $384,936.00. Following the sale, the executive vice president now directly owns 34,246 shares in the company, valued at $1,472,578. The disclosure for this sale can be found here. Insiders own 6.00% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in ICFI. SG Americas Securities LLC bought a new stake in ICF International during the third quarter valued at about $168,000. UBS Asset Management Americas Inc. acquired a new stake in shares of ICF International during the second quarter valued at $221,000. Emerald Mutual Fund Advisers Trust acquired a new stake in shares of ICF International during the second quarter valued at $250,000. Aperio Group LLC acquired a new stake in shares of ICF International during the first quarter valued at $270,000. Finally, Panagora Asset Management Inc. increased its stake in shares of ICF International by 304.9% in the second quarter. Panagora Asset Management Inc. now owns 7,888 shares of the company’s stock valued at $323,000 after buying an additional 5,940 shares in the last quarter. 92.51% of the stock is currently owned by institutional investors.

ICF International Company Profile

ICF International, Inc, formerly ICF Consulting Group Holdings, LLC, provides professional services and technology-based solutions to government and commercial clients, including management, technology and policy consulting and implementation services. It operates through professional services for government and commercial clients segment.

5 Day Chart for NASDAQ:ICFI

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