$310.38 Million in Sales Expected for ICF International, Inc. (ICFI) This Quarter
Equities analysts expect ICF International, Inc. (NASDAQ:ICFI) to report $310.38 million in sales for the current quarter, according to Zacks. Five analysts have made estimates for ICF International’s earnings. The lowest sales estimate is $305.20 million and the highest is $316.00 million. ICF International reported sales of $306.52 million in the same quarter last year, which would suggest a positive year over year growth rate of 1.3%. The firm is scheduled to issue its next quarterly earnings results on Tuesday, November 7th.
According to Zacks, analysts expect that ICF International will report full-year sales of $310.38 million for the current year, with estimates ranging from $1.21 billion to $1.23 billion. For the next year, analysts expect that the firm will post sales of $1.26 billion per share, with estimates ranging from $1.25 billion to $1.28 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow ICF International.
ICF International (NASDAQ:ICFI) last announced its quarterly earnings results on Wednesday, August 2nd. The business services provider reported $0.73 earnings per share for the quarter, hitting the consensus estimate of $0.73. The company had revenue of $306.39 million for the quarter, compared to the consensus estimate of $309.15 million. ICF International had a return on equity of 10.25% and a net margin of 4.02%. The firm’s revenue for the quarter was up .3% compared to the same quarter last year. During the same period last year, the firm earned $0.69 EPS.
ICFI has been the topic of a number of recent research reports. BidaskClub lowered shares of ICF International from a “buy” rating to a “hold” rating in a research note on Saturday, July 8th. Zacks Investment Research upgraded shares of ICF International from a “hold” rating to a “buy” rating and set a $51.00 price objective on the stock in a research note on Thursday, June 22nd. Finally, SunTrust Banks, Inc. restated a “buy” rating and issued a $56.00 price objective on shares of ICF International in a research note on Tuesday, August 29th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $57.00.
In other ICF International news, COO John Wasson sold 626 shares of the company’s stock in a transaction dated Wednesday, July 19th. The shares were sold at an average price of $47.50, for a total transaction of $29,735.00. Following the transaction, the chief operating officer now directly owns 54,160 shares in the company, valued at $2,572,600. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider James C. M. Morgan sold 10,000 shares of the company’s stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $51.50, for a total transaction of $515,000.00. Following the transaction, the insider now owns 26,325 shares in the company, valued at $1,355,737.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 41,804 shares of company stock worth $2,072,483. Company insiders own 5.48% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of ICFI. SG Americas Securities LLC grew its position in ICF International by 90.3% during the first quarter. SG Americas Securities LLC now owns 4,537 shares of the business services provider’s stock worth $187,000 after buying an additional 2,153 shares during the period. Airain ltd acquired a new position in ICF International during the first quarter worth about $235,000. First Mercantile Trust Co. grew its position in ICF International by 781.7% during the second 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 period. MARSHALL WACE ASIA Ltd acquired a new position in ICF International during the first quarter worth about $309,000. Finally, Marshall Wace North America L.P. acquired a new position in ICF International during the first quarter worth about $309,000. Institutional investors own 90.26% of the company’s stock.
Shares of ICF International (ICFI) opened at 49.20 on Monday. The firm has a market capitalization of $921.71 million, a P/E ratio of 19.76 and a beta of 0.83. ICF International has a 12 month low of $40.20 and a 12 month high of $59.55. The firm’s 50-day moving average price is $46.28 and its 200 day moving average price is $45.15.
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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