Equities Analysts Set Expectations for ICF International, Inc.’s FY2017 Earnings (ICFI)
ICF International, Inc. (NASDAQ:ICFI) – Analysts at William Blair upped their FY2017 earnings per share estimates for ICF International in a report released on Thursday. William Blair analyst T. Mchugh now expects that the business services provider will earn $2.98 per share for the year, up from their prior forecast of $2.96. William Blair also issued estimates for ICF International’s Q1 2018 earnings at $0.65 EPS, Q2 2018 earnings at $0.80 EPS, Q3 2018 earnings at $0.86 EPS and Q4 2018 earnings at $0.84 EPS.
ICFI has been the topic of several other reports. ValuEngine lowered ICF International from a “buy” rating to a “hold” rating in a research report on Saturday. SunTrust Banks, Inc. reissued a “buy” rating and set a $56.00 price target on shares of ICF International in a research report on Tuesday, August 29th. Zacks Investment Research raised ICF International from a “hold” rating to a “buy” rating and set a $62.00 price target on the stock in a research report on Wednesday, October 4th. Wells Fargo & Company upped their price target on ICF International from $54.00 to $58.00 and gave the company a “market perform” rating in a research report on Wednesday, October 25th. Finally, BidaskClub lowered ICF International from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $60.40.
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Shares of ICF International (NASDAQ:ICFI) opened at $52.60 on Monday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.83 and a current ratio of 1.83. The stock has a market capitalization of $973.13, a P/E ratio of 17.34, a P/E/G ratio of 1.74 and a beta of 0.83. ICF International has a 52-week low of $40.20 and a 52-week high of $59.55.
ICF International (NASDAQ:ICFI) last posted its quarterly earnings results on Thursday, November 2nd. The business services provider reported $0.83 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.03. The business had revenue of $305.30 million for the quarter, compared to analyst estimates of $311.49 million. ICF International had a return on equity of 10.21% and a net margin of 4.05%. The business’s revenue was down .4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.81 EPS.
A number of institutional investors and hedge funds have recently modified their holdings of ICFI. Eqis Capital Management Inc. bought a new position in ICF International during the 3rd quarter worth $214,000. First Mercantile Trust Co. grew its stake in ICF International by 781.7% during the 2nd quarter. First Mercantile Trust Co. now owns 5,290 shares of the business services provider’s stock worth $249,000 after buying an additional 4,690 shares during the last quarter. SG Americas Securities LLC grew its stake in ICF International by 89.1% during the 2nd quarter. SG Americas Securities LLC now owns 8,579 shares of the business services provider’s stock worth $404,000 after buying an additional 4,042 shares during the last quarter. Cigna Investments Inc. New bought a new position in ICF International during the 2nd quarter worth $423,000. Finally, American International Group Inc. grew its stake in ICF International by 7.1% during the 1st quarter. American International Group Inc. now owns 11,116 shares of the business services provider’s stock worth $459,000 after buying an additional 735 shares during the last quarter. Hedge funds and other institutional investors own 90.60% of the company’s stock.
In related news, COO John Wasson sold 13,086 shares of the company’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $50.00, for a total transaction of $654,300.00. Following the completion of the transaction, the chief operating officer now directly owns 66,620 shares in the company, valued at approximately $3,331,000. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider James C. M. Morgan sold 4,696 shares of the company’s stock in a transaction on Thursday, September 28th. The stock was sold at an average price of $55.00, for a total value of $258,280.00. Following the transaction, the insider now owns 22,479 shares of the company’s stock, valued at $1,236,345. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 52,029 shares of company stock valued at $2,683,653. 5.48% of the stock is owned by company insiders.
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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