ICF International Inc. (NASDAQ:ICFI) issued an update on its FY16 earnings guidance on Friday morning. The company provided earnings per share guidance of $2.79-2.94 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.87.

Shares of ICF International Inc. (NASDAQ:ICFI) opened at 43.95 on Tuesday. The firm has a 50-day moving average of $41.76 and a 200 day moving average of $39.36. ICF International Inc. has a 1-year low of $29.19 and a 1-year high of $44.10. The stock has a market cap of $833.82 million, a price-to-earnings ratio of 19.96 and a beta of 1.27.

ICF International (NASDAQ:ICFI) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $0.69 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.01. The firm had revenue of $305.40 million for the quarter, compared to the consensus estimate of $294.06 million. ICF International had a net margin of 3.67% and a return on equity of 10.23%. The company’s revenue was up 5.7% on a year-over-year basis. During the same period last year, the firm earned $0.63 EPS. Equities research analysts forecast that ICF International Inc. will post $2.88 earnings per share for the current year.

Several equities analysts recently weighed in on the stock. Zacks Investment Research cut shares of ICF International from a buy rating to a hold rating in a research note on Monday. Stifel Nicolaus raised their target price on shares of ICF International from $49.00 to $51.00 and gave the company a buy rating in a research note on Wednesday, August 3rd. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of $49.00.

In other ICF International news, CEO Sudhakar Kesavan sold 9,634 shares of ICF International stock in a transaction on Wednesday, July 6th. The shares were sold at an average price of $41.00, for a total value of $394,994.00. Following the completion of the transaction, the chief executive officer now directly owns 152,364 shares of the company’s stock, valued at approximately $6,246,924. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Ellen Glover sold 8,952 shares of ICF International stock in a transaction on Friday, September 16th. The stock was sold at an average price of $43.00, for a total transaction of $384,936.00. Following the completion of the transaction, the executive vice president now directly owns 34,246 shares of the company’s stock, valued at $1,472,578. The disclosure for this sale can be found here. 6.00% of the stock is currently owned by company insiders.

Several institutional investors have recently modified their holdings of the company. UBS Asset Management Americas Inc. acquired a new position in shares of ICF International during the second quarter worth approximately $221,000. Panagora Asset Management Inc. boosted its position 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 worth $323,000 after buying an additional 5,940 shares during the last quarter. Martingale Asset Management L P boosted its position in shares of ICF International by 11.3% in the second quarter. Martingale Asset Management L P now owns 13,700 shares of the company’s stock worth $561,000 after buying an additional 1,390 shares during the last quarter. Teachers Advisors Inc. boosted its position in shares of ICF International by 3.2% in the second quarter. Teachers Advisors Inc. now owns 28,998 shares of the company’s stock worth $1,186,000 after buying an additional 887 shares during the last quarter. Finally, Columbia Partners L L C Investment Management acquired a new position in shares of ICF International during the second quarter worth approximately $2,067,000. 92.69% of the stock is owned by institutional investors and hedge funds.

About ICF International

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.

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