ICF International, Inc. (ICFI) Posts Earnings Results, Beats Expectations By $0.03 EPS
ICF International, Inc. (NASDAQ:ICFI) announced its quarterly earnings data on Thursday. The business services provider reported $0.83 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.03, Bloomberg Earnings reports. ICF International had a net margin of 4.05% and a return on equity of 10.21%. The company had revenue of $305.30 million during the quarter, compared to analysts’ expectations of $311.49 million. During the same quarter in the prior year, the company earned $0.81 EPS. The firm’s revenue was down .4% on a year-over-year basis. ICF International updated its FY17 guidance to $2.95-3.05 EPS.
Shares of ICF International (NASDAQ ICFI) traded down $2.45 during mid-day trading on Friday, reaching $50.90. 110,927 shares of the company traded hands, compared to its average volume of 75,008. The company has a market capitalization of $1.00 billion, a PE ratio of 17.81, a P/E/G ratio of 1.80 and a beta of 0.83. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.83 and a current ratio of 1.83.
In other news, insider James C. M. Morgan sold 4,696 shares of the firm’s stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $55.00, for a total transaction of $258,280.00. Following the sale, the insider now owns 22,479 shares of the company’s stock, valued at approximately $1,236,345. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Ellen Glover sold 5,631 shares of the firm’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $50.00, for a total transaction of $281,550.00. Following the sale, the insider now directly owns 33,354 shares in the company, valued at approximately $1,667,700. The disclosure for this sale can be found here. Insiders have sold a total of 52,029 shares of company stock worth $2,683,653 over the last three months. 5.48% of the stock is currently owned by insiders.
A number of equities research analysts have recently issued reports on the stock. Noble Financial reaffirmed a “hold” rating on shares of ICF International in a research note on Thursday, August 3rd. Zacks Investment Research cut shares of ICF International from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. ValuEngine cut shares of ICF International from a “buy” rating to a “hold” rating in a research note on Saturday. Wells Fargo & Company upped their price objective on shares of ICF International from $54.00 to $58.00 and gave the company a “market perform” rating in a research note on Wednesday, October 25th. Finally, BidaskClub lowered shares of ICF International from a “sell” rating to a “strong sell” rating in a report on Saturday, August 26th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. ICF International presently has a consensus rating of “Hold” and an average target price of $60.40.
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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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