Zacks: Brokerages Expect ICF International Inc (NASDAQ:ICFI) Will Post Earnings of $1.08 Per Share

Equities research analysts expect ICF International Inc (NASDAQ:ICFI) to announce earnings of $1.08 per share for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for ICF International’s earnings, with the highest EPS estimate coming in at $1.11 and the lowest estimate coming in at $1.05. ICF International reported earnings of $1.01 per share during the same quarter last year, which indicates a positive year over year growth rate of 6.9%. The company is scheduled to announce its next earnings report after the market closes on Wednesday, November 6th.

On average, analysts expect that ICF International will report full year earnings of $4.21 per share for the current year, with EPS estimates ranging from $4.18 to $4.24. For the next year, analysts anticipate that the business will post earnings of $4.63 per share, with EPS estimates ranging from $4.57 to $4.72. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that follow ICF International.

ICF International (NASDAQ:ICFI) last issued its quarterly earnings results on Thursday, August 1st. The business services provider reported $0.97 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.93 by $0.04. ICF International had a return on equity of 11.73% and a net margin of 4.60%. The firm had revenue of $366.70 million during the quarter, compared to analyst estimates of $356.58 million. During the same period last year, the company earned $0.80 EPS. ICF International’s quarterly revenue was up 13.1% compared to the same quarter last year.

A number of brokerages recently issued reports on ICFI. Barrington Research reissued a “buy” rating and set a $89.00 price target on shares of ICF International in a research note on Wednesday, August 7th. SunTrust Banks raised their price target on ICF International to $110.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Zacks Investment Research lowered ICF International from a “buy” rating to a “hold” rating and set a $88.00 price target for the company. in a research note on Tuesday, August 20th. ValuEngine lowered ICF International from a “buy” rating to a “hold” rating in a research note on Tuesday, September 10th. Finally, BidaskClub lowered ICF International from a “buy” rating to a “hold” rating in a research note on Tuesday. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $90.83.

Shares of ICFI stock opened at $78.38 on Wednesday. ICF International has a 52-week low of $60.22 and a 52-week high of $86.38. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.66 and a current ratio of 1.66. The firm has a market capitalization of $1.44 billion, a P/E ratio of 19.07, a P/E/G ratio of 1.82 and a beta of 0.63. The stock has a 50 day moving average price of $80.85 and a 200 day moving average price of $78.10.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Friday, September 13th will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date of this dividend is Thursday, September 12th. ICF International’s dividend payout ratio is currently 15.01%.

In other ICF International news, CEO Sudhakar Kesavan sold 15,000 shares of ICF International stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $82.00, for a total transaction of $1,230,000.00. Following the completion of the sale, the chief executive officer now directly owns 213,498 shares of the company’s stock, valued at approximately $17,506,836. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Over the last ninety days, insiders have sold 30,000 shares of company stock valued at $2,505,000. 4.67% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. United Services Automobile Association raised its position in ICF International by 1.0% during the 2nd quarter. United Services Automobile Association now owns 107,599 shares of the business services provider’s stock valued at $7,833,000 after purchasing an additional 1,017 shares in the last quarter. UBS Asset Management Americas Inc. raised its position in ICF International by 6.9% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 11,867 shares of the business services provider’s stock valued at $864,000 after purchasing an additional 766 shares in the last quarter. Marshall Wace LLP raised its position in ICF International by 240.6% during the 2nd quarter. Marshall Wace LLP now owns 104,159 shares of the business services provider’s stock valued at $7,582,000 after purchasing an additional 73,574 shares in the last quarter. Paloma Partners Management Co bought a new stake in ICF International during the 2nd quarter valued at $246,000. Finally, Marshall Wace North America L.P. raised its position in ICF International by 1,206.1% during the 2nd quarter. Marshall Wace North America L.P. now owns 27,612 shares of the business services provider’s stock valued at $2,010,000 after purchasing an additional 25,498 shares in the last quarter. 93.33% of the stock is owned by institutional investors and hedge funds.

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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