Brokerages Expect ICF International Inc (ICFI) Will Announce Earnings of $1.24 Per Share

Wall Street brokerages predict that ICF International Inc (NASDAQ:ICFI) will report earnings of $1.24 per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for ICF International’s earnings. The highest EPS estimate is $1.27 and the lowest is $1.20. ICF International reported earnings of $0.78 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 59%. The business is scheduled to report its next quarterly earnings report on Tuesday, February 26th.

According to Zacks, analysts expect that ICF International will report full year earnings of $3.81 per share for the current financial year, with EPS estimates ranging from $3.77 to $3.85. For the next financial year, analysts expect that the firm will post earnings of $4.22 per share, with EPS estimates ranging from $4.10 to $4.37. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow ICF International.

ICF International (NASDAQ:ICFI) last announced its quarterly earnings data on Thursday, November 1st. The business services provider reported $1.01 EPS for the quarter, hitting the consensus estimate of $1.01. The company had revenue of $333.00 million during the quarter, compared to the consensus estimate of $332.19 million. ICF International had a net margin of 5.45% and a return on equity of 10.24%. The company’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.83 EPS.

Several brokerages have weighed in on ICFI. Barrington Research set a $86.00 price objective on ICF International and gave the company a “buy” rating in a research note on Monday, August 13th. BidaskClub cut ICF International from a “buy” rating to a “hold” rating in a research note on Thursday, September 20th. Zacks Investment Research cut ICF International from a “buy” rating to a “hold” rating in a research note on Tuesday, November 13th. Cowen set a $85.00 price objective on ICF International and gave the company a “buy” rating in a research note on Monday, November 5th. Finally, Loop Capital raised their price objective on ICF International to $89.00 and gave the company a “buy” rating in a research note on Friday, August 3rd. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $79.67.

In related news, COO John Wasson sold 2,532 shares of the business’s stock in a transaction dated Tuesday, September 18th. The stock was sold at an average price of $79.58, for a total value of $201,496.56. Following the sale, the chief operating officer now directly owns 51,113 shares in the company, valued at approximately $4,067,572.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 4.67% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the business. Copper Rock Capital Partners LLC grew its holdings in ICF International by 7.5% during the 3rd quarter. Copper Rock Capital Partners LLC now owns 421,934 shares of the business services provider’s stock valued at $30,864,000 after buying an additional 29,474 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in shares of ICF International by 20.2% during the second quarter. Russell Investments Group Ltd. now owns 345,100 shares of the business services provider’s stock worth $24,519,000 after purchasing an additional 58,091 shares in the last quarter. Systematic Financial Management LP grew its holdings in shares of ICF International by 2.4% during the third quarter. Systematic Financial Management LP now owns 322,938 shares of the business services provider’s stock worth $24,366,000 after purchasing an additional 7,522 shares in the last quarter. Peregrine Capital Management LLC grew its holdings in shares of ICF International by 2.7% during the third quarter. Peregrine Capital Management LLC now owns 157,717 shares of the business services provider’s stock worth $11,900,000 after purchasing an additional 4,176 shares in the last quarter. Finally, United Services Automobile Association grew its holdings in shares of ICF International by 16.3% during the second quarter. United Services Automobile Association now owns 150,306 shares of the business services provider’s stock worth $10,679,000 after purchasing an additional 21,062 shares in the last quarter. 92.50% of the stock is owned by institutional investors and hedge funds.

NASDAQ ICFI traded up $0.62 during mid-day trading on Thursday, hitting $68.30. The company’s stock had a trading volume of 56,576 shares, compared to its average volume of 116,321. ICF International has a twelve month low of $50.10 and a twelve month high of $82.25. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.36. The company has a market cap of $1.28 billion, a P/E ratio of 22.62, a PEG ratio of 1.78 and a beta of 0.72.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 16th. Stockholders of record on Friday, December 7th 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 0.82%. The ex-dividend date is Thursday, December 6th. ICF International’s payout ratio is 18.54%.

About ICF International

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, and 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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