Icon (NASDAQ:ICLR) released its quarterly earnings data on Thursday. The medical research company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.41 by $0.02, Morningstar.com reports. Icon had a return on equity of 28.60% and a net margin of 16.01%. The company had revenue of $455.10 million for the quarter, compared to analysts’ expectations of $455.66 million. During the same period last year, the firm posted $1.33 earnings per share. Icon’s revenue was up 4.6% compared to the same quarter last year. Icon updated its FY18 guidance to $5.89-6.09 EPS.
Icon (ICLR) opened at $115.01 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.90 and a quick ratio of 1.90. Icon has a 12 month low of $76.46 and a 12 month high of $124.48. The company has a market capitalization of $6,165.75, a PE ratio of 22.42, a PEG ratio of 1.60 and a beta of 0.48.
Hedge funds and other institutional investors have recently bought and sold shares of the company. SG Americas Securities LLC bought a new position in shares of Icon in the third quarter worth about $148,000. Financial Gravity Companies Inc. bought a new position in shares of Icon in the fourth quarter worth about $144,000. C M Bidwell & Associates Ltd. bought a new position in shares of Icon in the fourth quarter worth about $196,000. Advisor Partners LLC bought a new position in shares of Icon in the fourth quarter worth about $201,000. Finally, Dean Capital Investments Management LLC bought a new position in shares of Icon in the fourth quarter worth about $203,000. 89.66% of the stock is currently owned by hedge funds and other institutional investors.
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ICON public limited company is a contract research organization (CRO), which is engaged in providing outsourced development services to the pharmaceutical, biotechnology and medical device industries. The Company is engaged in the strategic development, management and analysis of programs that support the various stages of the clinical development process, from compound selection to Phase I-IV clinical studies.
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