$357.20 Million in Sales Expected for ICF International Inc (NASDAQ:ICFI) This Quarter
Analysts forecast that ICF International Inc (NASDAQ:ICFI) will post sales of $357.20 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for ICF International’s earnings. The lowest sales estimate is $351.60 million and the highest is $365.20 million. ICF International posted sales of $324.32 million during the same quarter last year, which suggests a positive year-over-year growth rate of 10.1%. The business is scheduled to report its next earnings results after the market closes on Thursday, August 1st.
According to Zacks, analysts expect that ICF International will report full year sales of $1.48 billion for the current year. For the next year, analysts forecast that the firm will report sales of $1.56 billion, with estimates ranging from $1.53 billion to $1.59 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover ICF International.
ICF International (NASDAQ:ICFI) last posted its earnings results on Thursday, May 2nd. The business services provider reported $0.87 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.09. ICF International had a net margin of 4.67% and a return on equity of 11.37%. The firm had revenue of $341.25 million during the quarter, compared to analysts’ expectations of $328.54 million. During the same period last year, the company posted $0.77 EPS. The company’s quarterly revenue was up 12.7% compared to the same quarter last year.
Shares of NASDAQ:ICFI traded down $0.16 on Friday, hitting $81.86. The company had a trading volume of 62,312 shares, compared to its average volume of 98,015. The stock’s 50-day moving average is $75.30. ICF International has a 1 year low of $60.22 and a 1 year high of $83.12. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.52. The company has a market cap of $1.54 billion, a price-to-earnings ratio of 21.95, a price-to-earnings-growth ratio of 1.96 and a beta of 0.63.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 16th. Investors of record on Friday, June 14th were paid a $0.14 dividend. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $0.56 annualized dividend and a dividend yield of 0.68%. ICF International’s payout ratio is 15.01%.
In related news, COO John Wasson sold 14,468 shares of the stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $80.76, for a total value of $1,168,435.68. Following the completion of the transaction, the chief operating officer now directly owns 82,248 shares in the company, valued at approximately $6,642,348.48. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Peter M. Schulte sold 1,244 shares of the stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $73.62, for a total transaction of $91,583.28. Following the completion of the transaction, the director now owns 232,338 shares of the company’s stock, valued at $17,104,723.56. The disclosure for this sale can be found here. Over the last quarter, insiders sold 17,084 shares of company stock valued at $1,359,503. 4.42% of the stock is owned by company insiders.
A number of large investors have recently added to or reduced their stakes in ICFI. Meeder Asset Management Inc. increased its stake in ICF International by 343.0% during the 1st quarter. Meeder Asset Management Inc. now owns 1,803 shares of the business services provider’s stock valued at $138,000 after purchasing an additional 1,396 shares in the last quarter. Marshall Wace North America L.P. increased its stake in ICF International by 308.9% during the 1st quarter. Marshall Wace North America L.P. now owns 2,114 shares of the business services provider’s stock valued at $161,000 after purchasing an additional 1,597 shares in the last quarter. One Wealth Advisors LLC increased its stake in ICF International by 6.2% during the 4th quarter. One Wealth Advisors LLC now owns 4,358 shares of the business services provider’s stock valued at $282,000 after purchasing an additional 254 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in ICF International by 166.3% during the 1st quarter. BNP Paribas Arbitrage SA now owns 4,066 shares of the business services provider’s stock valued at $309,000 after purchasing an additional 2,539 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY increased its stake in ICF International by 365.7% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 5,914 shares of the business services provider’s stock valued at $383,000 after purchasing an additional 4,644 shares in the last quarter. Institutional investors and hedge funds own 93.35% of the company’s stock.
About ICF International
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, 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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