ICF International, Inc. (NASDAQ:ICFI) – Equities research analysts at Barrington Research lowered their Q3 2017 EPS estimates for ICF International in a report released on Monday. Barrington Research analyst K. Steinke now anticipates that the business services provider will earn $0.78 per share for the quarter, down from their previous forecast of $0.82. Barrington Research has a “Outperform” rating and a $55.00 price objective on the stock. Barrington Research also issued estimates for ICF International’s Q4 2017 earnings at $0.78 EPS and FY2017 earnings at $2.96 EPS.
ICF International (NASDAQ:ICFI) last posted its quarterly earnings results on Wednesday, August 2nd. The business services provider reported $0.73 EPS for the quarter, meeting the consensus estimate of $0.73. The company had revenue of $306.39 million during the quarter, compared to analysts’ expectations of $309.15 million. ICF International had a return on equity of 10.25% and a net margin of 4.02%. The firm’s revenue was up .3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.69 EPS. COPYRIGHT VIOLATION WARNING: This news story was originally published by Community Financial News and is owned by of Community Financial News. If you are accessing this news story on another publication, it was illegally stolen and reposted in violation of United States and international copyright & trademark law. The correct version of this news story can be viewed at https://www.com-unik.info/2017/08/19/q3-2017-earnings-estimate-for-icf-international-inc-icfi-issued-by-barrington-research-updated.html.
Shares of ICF International (ICFI) opened at 44.95 on Tuesday. ICF International has a 12-month low of $39.25 and a 12-month high of $59.55. The stock has a market cap of $841.33 million, a PE ratio of 18.05 and a beta of 0.81. The firm has a 50-day moving average price of $46.20 and a 200 day moving average price of $46.32.
In other ICF International news, COO John Wasson sold 12,461 shares of the company’s stock in a transaction dated Thursday, July 20th. The stock was sold at an average price of $47.50, for a total value of $591,897.50. Following the transaction, the chief operating officer now directly owns 65,995 shares of the company’s stock, valued at approximately $3,134,762.50. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 5.48% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. Alambic Investment Management L.P. bought a new position in shares of ICF International during the first quarter worth approximately $665,000. Airain ltd bought a new position in shares of ICF International during the first quarter worth approximately $235,000. Pax World Management LLC raised its position in shares of ICF International by 21.1% in the first quarter. Pax World Management LLC now owns 114,793 shares of the business services provider’s stock worth $4,741,000 after buying an additional 20,000 shares in the last quarter. Karp Capital Management Corp bought a new position in shares of ICF International during the first quarter worth approximately $583,000. Finally, Bank of New York Mellon Corp raised its position in shares of ICF International by 58.7% in the first quarter. Bank of New York Mellon Corp now owns 158,223 shares of the business services provider’s stock worth $6,535,000 after buying an additional 58,498 shares in the last quarter. 90.17% of the stock is currently owned by institutional investors.
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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