ICF International, Inc. (NASDAQ:ICFI) - Equities research analysts at SunTrust Banks upped their Q1 2018 earnings per share (EPS) estimates for shares of ICF International in a report issued on Thursday. SunTrust Banks analyst T. Sommer now forecasts that the business services provider will earn $0.69 per share for the quarter, up from their prior forecast of $0.68.
ICF International (NASDAQ:ICFI) last issued its earnings results on Wednesday, August 2nd. The business services provider reported $0.73 EPS for the quarter, hitting the consensus estimate of $0.73. The company had revenue of $306.39 million for the quarter, compared to analyst estimates of $309.15 million. ICF International had a net margin of 4.02% and a return on equity of 10.31%. The business’s revenue was up .3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.69 EPS.
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A number of other research analysts have also commented on ICFI. Noble Financial reissued a “hold” rating on shares of ICF International in a report on Thursday. Zacks Investment Research raised ICF International from a “hold” rating to a “buy” rating and set a $52.00 price target on the stock in a report on Friday. BidaskClub lowered ICF International from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Finally, Barrington Research raised their price target on ICF International from $49.00 to $55.00 and gave the company an “outperform” rating in a report on Thursday, May 18th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. ICF International has a consensus rating of “Hold” and a consensus price target of $57.33.
Shares of ICF International (ICFI) opened at 46.20 on Friday. ICF International has a 12 month low of $39.25 and a 12 month high of $59.55. The stock has a market capitalization of $864.73 million, a price-to-earnings ratio of 18.55 and a beta of 0.81. The firm’s 50 day moving average is $46.31 and its 200 day moving average is $46.33.
A number of hedge funds and other institutional investors have recently made changes to their positions in ICFI. United Services Automobile Association purchased a new position in ICF International during the first quarter worth approximately $437,000. Norges Bank purchased a new position in ICF International during the fourth quarter worth approximately $4,687,000. Teachers Advisors LLC boosted its position in 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 in the last quarter. LSV Asset Management boosted its position in ICF International by 67.9% in the first quarter. LSV Asset Management now owns 9,400 shares of the business services provider’s stock worth $388,000 after buying an additional 3,800 shares in the last quarter. Finally, Tocqueville Asset Management L.P. boosted its position in 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. 90.20% of the stock is owned by institutional investors and hedge funds.
In related news, COO John Wasson sold 626 shares of the firm’s stock in a transaction dated Wednesday, July 19th. The stock was sold at an average price of $47.50, for a total transaction of $29,735.00. Following the completion of the transaction, the chief operating officer now owns 54,160 shares of the company’s stock, valued at $2,572,600. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 5.48% of the stock is currently owned by company insiders.
ICF International Company Profile
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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