Analysts forecast that ICF International Inc (NASDAQ:ICFI) will announce $357.20 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for ICF International’s earnings, with the lowest sales estimate coming in at $351.60 million and the highest estimate coming in at $365.20 million. ICF International posted sales of $324.32 million during the same quarter last year, which would indicate a positive year over year growth rate of 10.1%. The business is scheduled to issue its next quarterly earnings report on Thursday, August 1st.
According to Zacks, analysts expect that ICF International will report full year sales of $1.48 billion for the current fiscal year. For the next year, analysts forecast that the company will post sales of $1.56 billion, with estimates ranging from $1.53 billion to $1.59 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover ICF International.
ICF International (NASDAQ:ICFI) last announced its quarterly earnings data on Thursday, May 2nd. The business services provider reported $0.87 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.09. The business had revenue of $341.25 million for the quarter, compared to analysts’ expectations of $328.54 million. ICF International had a net margin of 4.67% and a return on equity of 11.37%. The business’s revenue was up 12.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.77 earnings per share.
A number of equities research analysts have weighed in on ICFI shares. ValuEngine cut shares of ICF International from a “buy” rating to a “hold” rating in a report on Saturday. Cowen reiterated a “buy” rating and issued a $82.00 target price on shares of ICF International in a research note on Wednesday, February 27th. Barrington Research reiterated an “outperform” rating and issued a $88.00 target price (up previously from $86.00) on shares of ICF International in a research note on Thursday, May 9th. BidaskClub downgraded shares of ICF International from a “buy” rating to a “hold” rating in a research note on Friday, March 22nd. Finally, Zacks Investment Research upgraded shares of ICF International from a “hold” rating to a “buy” rating and set a $88.00 target price on the stock in a research note on Tuesday, April 30th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $84.80.
In related news, Director Peter M. Schulte sold 1,244 shares of the stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $73.62, for a total transaction of $91,583.28. Following the transaction, the director now owns 232,338 shares in the company, valued at $17,104,723.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Peter M. Schulte sold 1,372 shares of the stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $72.51, for a total transaction of $99,483.72. Following the transaction, the director now owns 230,966 shares in the company, valued at approximately $16,747,344.66. The disclosure for this sale can be found here. Corporate insiders own 4.42% of the company’s stock.
Institutional investors have recently modified their holdings of the stock. Meeder Asset Management Inc. lifted its position in ICF International by 343.0% during the first quarter. Meeder Asset Management Inc. now owns 1,803 shares of the business services provider’s stock valued at $138,000 after purchasing an additional 1,396 shares during the period. Marshall Wace North America L.P. raised its position in ICF International by 308.9% in the first quarter. Marshall Wace North America L.P. now owns 2,114 shares of the business services provider’s stock worth $161,000 after acquiring an additional 1,597 shares during the period. BNP Paribas Arbitrage SA raised its position in ICF International by 166.3% in the first quarter. BNP Paribas Arbitrage SA now owns 4,066 shares of the business services provider’s stock worth $309,000 after acquiring an additional 2,539 shares during the period. One Wealth Advisors LLC raised its position in ICF International by 6.2% in the fourth quarter. One Wealth Advisors LLC now owns 4,358 shares of the business services provider’s stock worth $282,000 after acquiring an additional 254 shares during the period. Finally, Metropolitan Life Insurance Co. NY raised its position in ICF International by 365.7% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 5,914 shares of the business services provider’s stock worth $383,000 after acquiring an additional 4,644 shares during the period. Institutional investors own 93.17% of the company’s stock.
ICFI traded up $0.09 during midday trading on Wednesday, reaching $72.21. The company’s stock had a trading volume of 111,100 shares, compared to its average volume of 92,890. The company has a market capitalization of $1.37 billion, a price-to-earnings ratio of 19.36, a price-to-earnings-growth ratio of 1.74 and a beta of 0.67. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.42 and a quick ratio of 1.42. ICF International has a 1 year low of $60.22 and a 1 year high of $82.25. The company’s 50-day simple moving average is $73.98.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 16th. Stockholders of record on Friday, June 14th will be paid a $0.14 dividend. The ex-dividend date is Thursday, June 13th. This represents a $0.56 annualized dividend and a dividend yield of 0.78%. ICF International’s dividend payout ratio is presently 15.01%.
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, 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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