Equities research analysts expect ICF International, Inc. (NASDAQ:ICFI) to announce $306.30 million in sales for the current quarter, Zacks reports. Five analysts have made estimates for ICF International’s earnings, with estimates ranging from $305.00 million to $310.00 million. ICF International reported sales of $305.42 million during the same quarter last year, which would suggest a positive year over year growth rate of 0.3%. The company is expected to issue its next earnings report after the market closes on Wednesday, August 2nd.
According to Zacks, analysts expect that ICF International will report full-year sales of $306.30 million for the current financial year, with estimates ranging from $1.21 billion to $1.23 billion. For the next year, analysts expect that the company will post sales of $1.26 billion per share, with estimates ranging from $1.24 billion to $1.28 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that that provide coverage for ICF International.
ICF International (NASDAQ:ICFI) last announced its quarterly earnings results on Thursday, May 4th. The business services provider reported $0.69 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.07. The business had revenue of $296.30 million for the quarter, compared to analyst estimates of $293.28 million. ICF International had a return on equity of 10.32% and a net margin of 3.91%. The company’s quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.62 EPS.
A number of equities analysts recently commented on ICFI shares. Zacks Investment Research upgraded shares of ICF International from a “sell” rating to a “hold” rating in a research report on Wednesday, May 3rd. Noble Financial reiterated a “hold” rating on shares of ICF International in a research report on Sunday, May 7th. Finally, Barrington Research increased their target price on shares of ICF International from $49.00 to $55.00 and gave the stock an “outperform” rating in a research report on Thursday, May 18th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $55.50.
In other ICF International news, COO John Wasson sold 12,461 shares of the stock in a transaction that occurred on Thursday, July 20th. The shares were sold at an average price of $47.50, for a total value of $591,897.50. Following the completion of the sale, the chief operating officer now owns 65,995 shares in the company, valued at approximately $3,134,762.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 5.48% of the stock is owned by corporate insiders.
Large investors have recently added to or reduced their stakes in the company. United Services Automobile Association bought a new stake in shares of ICF International during the first quarter worth approximately $437,000. Teachers Advisors LLC increased its stake in shares of ICF International by 14.9% in the fourth quarter. Teachers Advisors LLC now owns 33,330 shares of the business services provider’s stock worth $1,840,000 after buying an additional 4,332 shares during the last quarter. Norges Bank acquired a new position in shares of ICF International during the fourth quarter worth about $4,687,000. Metropolitan Life Insurance Co. NY increased its position in shares of ICF International by 8.6% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 13,061 shares of the business services provider’s stock worth $721,000 after buying an additional 1,038 shares in the last quarter. Finally, Tocqueville Asset Management L.P. increased its position in shares of ICF International by 6.8% in the first quarter. Tocqueville Asset Management L.P. now owns 112,281 shares of the business services provider’s stock worth $4,637,000 after buying an additional 7,192 shares in the last quarter. Institutional investors own 90.17% of the company’s stock.
Shares of ICF International (NASDAQ:ICFI) traded down 0.76% during midday trading on Friday, hitting $45.60. The stock had a trading volume of 30,741 shares. ICF International has a one year low of $39.25 and a one year high of $59.55. The firm has a 50 day moving average of $46.51 and a 200-day moving average of $46.72. The company has a market cap of $857.23 million, a P/E ratio of 18.93 and a beta of 0.83.
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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