Analysts Anticipate ICF International Inc (ICFI) Will Post Earnings of $0.62 Per Share
Wall Street analysts predict that ICF International Inc (NASDAQ:ICFI) will report $0.62 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for ICF International’s earnings. The lowest EPS estimate is $0.55 and the highest is $0.66. ICF International posted earnings of $0.60 per share in the same quarter last year, which would suggest a positive year over year growth rate of 3.3%. The firm is scheduled to announce its next quarterly earnings results after the market closes on Thursday, May 4th.
According to Zacks, analysts expect that ICF International will report full year earnings of $2.93 per share for the current fiscal year, with EPS estimates ranging from $2.86 to $3.00. For the next financial year, analysts forecast that the company will report earnings of $3.15 per share, with EPS estimates ranging from $3.09 to $3.19. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for ICF International.
ICF International (NASDAQ:ICFI) last released its quarterly earnings results on Monday, February 27th. The business services provider reported $0.76 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.81 by $0.05. ICF International had a net margin of 3.78% and a return on equity of 10.23%. The firm had revenue of $289.60 million for the quarter, compared to the consensus estimate of $298.82 million. During the same quarter last year, the company earned $0.73 earnings per share. The firm’s revenue was up 3.1% on a year-over-year basis.
ICFI has been the subject of a number of recent research reports. Zacks Investment Research downgraded shares of ICF International from a “buy” rating to a “hold” rating in a report on Tuesday, January 10th. Loop Capital initiated coverage on shares of ICF International in a report on Tuesday, January 10th. They issued a “buy” rating and a $65.00 price objective for the company. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. ICF International presently has a consensus rating of “Hold” and an average price target of $55.25.
In other ICF International news, CEO Sudhakar Kesavan sold 1,091 shares of the business’s stock in a transaction dated Monday, March 20th. The shares were sold at an average price of $41.62, for a total value of $45,407.42. Following the completion of the sale, the chief executive officer now owns 146,716 shares of the company’s stock, valued at approximately $6,106,319.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 6.00% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the stock. Zebra Capital Management LLC increased its stake in ICF International by 12.5% in the fourth quarter. Zebra Capital Management LLC now owns 22,597 shares of the business services provider’s stock worth $1,247,000 after buying an additional 2,517 shares in the last quarter. Citadel Advisors LLC acquired a new stake in ICF International during the third quarter worth about $341,000. TimesSquare Capital Management LLC increased its stake in ICF International by 14.3% in the third quarter. TimesSquare Capital Management LLC now owns 723,714 shares of the business services provider’s stock worth $32,075,000 after buying an additional 90,800 shares in the last quarter. TIAA CREF Investment Management LLC increased its stake in ICF International by 2.6% in the third quarter. TIAA CREF Investment Management LLC now owns 99,283 shares of the business services provider’s stock worth $4,400,000 after buying an additional 2,559 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC acquired a new stake in ICF International during the fourth quarter worth about $1,234,000. 91.80% of the stock is owned by hedge funds and other institutional investors.
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ICF International (NASDAQ:ICFI) traded up 2.43% during midday trading on Monday, reaching $44.20. 182,092 shares of the company’s stock were exchanged. The firm has a 50-day moving average price of $41.80 and a 200 day moving average price of $48.91. ICF International has a 52 week low of $37.79 and a 52 week high of $59.55. The company has a market cap of $840.55 million, a price-to-earnings ratio of 18.42 and a beta of 0.92.
About ICF International
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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