Analysts Expect ICF International Inc (ICFI) Will Post Earnings of $1.24 Per Share

Wall Street brokerages expect that ICF International Inc (NASDAQ:ICFI) will announce earnings per share (EPS) of $1.24 for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for ICF International’s earnings. The lowest EPS estimate is $1.20 and the highest is $1.27. ICF International reported earnings of $0.78 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 59%. The firm is scheduled to announce its next earnings results on Tuesday, February 26th.

According to Zacks, analysts expect that ICF International will report full-year earnings of $3.81 per share for the current fiscal year, with EPS estimates ranging from $3.77 to $3.85. For the next year, analysts expect that the company will report earnings of $4.22 per share, with EPS estimates ranging from $4.10 to $4.37. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for ICF International.

ICF International (NASDAQ:ICFI) last posted its quarterly earnings data on Thursday, November 1st. The business services provider reported $1.01 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.01. ICF International had a return on equity of 10.24% and a net margin of 5.45%. The company had revenue of $333.00 million during the quarter, compared to analyst estimates of $332.19 million. During the same quarter last year, the company earned $0.83 EPS. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis.

Several analysts have commented on ICFI shares. BidaskClub downgraded ICF International from a “buy” rating to a “hold” rating in a research note on Thursday, September 20th. Barrington Research set a $86.00 target price on ICF International and gave the company a “buy” rating in a research note on Friday, November 9th. Zacks Investment Research downgraded ICF International from a “buy” rating to a “hold” rating in a research note on Tuesday, November 13th. Cowen set a $85.00 target price on ICF International and gave the company a “buy” rating in a research note on Monday, November 5th. Finally, ValuEngine downgraded ICF International from a “buy” rating to a “hold” rating in a research note on Friday, December 7th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. ICF International presently has an average rating of “Hold” and a consensus target price of $79.67.

Shares of ICFI opened at $67.62 on Friday. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.36. ICF International has a 12 month low of $50.10 and a 12 month high of $82.25. The firm has a market cap of $1.27 billion, a price-to-earnings ratio of 22.39, a price-to-earnings-growth ratio of 1.78 and a beta of 0.70.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 16th. Shareholders of record on Friday, December 7th will be paid a dividend of $0.14 per share. The ex-dividend date is Thursday, December 6th. This represents a $0.56 annualized dividend and a yield of 0.83%. ICF International’s dividend payout ratio is 18.54%.

In other ICF International news, COO John Wasson sold 2,532 shares of the stock in a transaction on Tuesday, September 18th. The stock was sold at an average price of $79.58, for a total transaction of $201,496.56. Following the sale, the chief operating officer now directly owns 51,113 shares in the company, valued at approximately $4,067,572.54. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 4.67% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. Martingale Asset Management L P boosted its stake in shares of ICF International by 1.2% in the 2nd quarter. Martingale Asset Management L P now owns 74,107 shares of the business services provider’s stock worth $5,266,000 after buying an additional 899 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new position in shares of ICF International in the 3rd quarter worth $118,000. Aperio Group LLC boosted its stake in shares of ICF International by 12.9% in the 3rd quarter. Aperio Group LLC now owns 16,222 shares of the business services provider’s stock worth $1,224,000 after buying an additional 1,852 shares during the last quarter. First Quadrant L P CA boosted its stake in shares of ICF International by 145.1% in the 3rd quarter. First Quadrant L P CA now owns 3,846 shares of the business services provider’s stock worth $290,000 after buying an additional 2,277 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC boosted its stake in shares of ICF International by 2.9% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 112,736 shares of the business services provider’s stock worth $8,470,000 after buying an additional 3,181 shares during the last quarter. Hedge funds and other institutional investors own 90.57% of the company’s stock.

ICF International Company Profile

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, and 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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