Zacks: Brokerages Expect ICF International Inc (NASDAQ:ICFI) Will Announce Earnings of $0.69 Per Share

Analysts expect that ICF International Inc (NASDAQ:ICFI) will post $0.69 earnings per share (EPS) for the current quarter, Zacks reports. Three analysts have provided estimates for ICF International’s earnings. The lowest EPS estimate is $0.65 and the highest is $0.76. ICF International posted earnings of $0.97 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 28.9%. The business is expected to report its next earnings report on Thursday, August 6th.

On average, analysts expect that ICF International will report full-year earnings of $3.59 per share for the current financial year, with EPS estimates ranging from $3.54 to $3.63. For the next financial year, analysts forecast that the business will post earnings of $4.32 per share, with EPS estimates ranging from $4.14 to $4.55. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover ICF International.

ICF International (NASDAQ:ICFI) last announced its quarterly earnings data on Tuesday, May 5th. The business services provider reported $0.83 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.76 by $0.07. The company had revenue of $358.24 million for the quarter, compared to the consensus estimate of $363.57 million. ICF International had a net margin of 4.30% and a return on equity of 11.43%. ICF International’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.87 EPS.

ICFI has been the topic of several research analyst reports. SunTrust Banks lowered their target price on shares of ICF International from $110.00 to $95.00 and set a “buy” rating on the stock in a research note on Tuesday, April 14th. TheStreet cut shares of ICF International from a “b” rating to a “c+” rating in a research note on Wednesday, May 6th. ValuEngine upgraded shares of ICF International from a “sell” rating to a “hold” rating in a research note on Friday, February 28th. BidaskClub cut shares of ICF International from a “sell” rating to a “strong sell” rating in a research note on Tuesday, May 12th. Finally, Canaccord Genuity lowered their price objective on shares of ICF International from $88.00 to $80.00 and set a “buy” rating on the stock in a research note on Monday, May 18th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $94.00.

In other news, Director Randall Mehl bought 4,000 shares of ICF International stock in a transaction that occurred on Thursday, May 14th. The stock was bought at an average cost of $52.38 per share, with a total value of $209,520.00. Also, CEO John Wasson sold 4,746 shares of the stock in a transaction that occurred on Monday, April 6th. The stock was sold at an average price of $67.46, for a total transaction of $320,165.16. Following the completion of the sale, the chief executive officer now directly owns 83,554 shares of the company’s stock, valued at $5,636,552.84. The disclosure for this sale can be found here. 4.25% of the stock is owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. lifted its position in ICF International by 16.1% in the fourth quarter. Russell Investments Group Ltd. now owns 938,210 shares of the business services provider’s stock worth $85,956,000 after buying an additional 130,394 shares during the last quarter. Silvercrest Asset Management Group LLC lifted its position in ICF International by 10.7% in the first quarter. Silvercrest Asset Management Group LLC now owns 1,078,277 shares of the business services provider’s stock worth $74,078,000 after buying an additional 103,891 shares during the last quarter. Mutual of America Capital Management LLC lifted its position in ICF International by 6,084.0% in the first quarter. Mutual of America Capital Management LLC now owns 61,840 shares of the business services provider’s stock worth $4,248,000 after buying an additional 60,840 shares during the last quarter. Tributary Capital Management LLC lifted its position in shares of ICF International by 24.5% during the first quarter. Tributary Capital Management LLC now owns 265,905 shares of the business services provider’s stock worth $18,268,000 after purchasing an additional 52,309 shares during the last quarter. Finally, GW&K Investment Management LLC lifted its position in shares of ICF International by 11.6% during the first quarter. GW&K Investment Management LLC now owns 494,282 shares of the business services provider’s stock worth $33,957,000 after purchasing an additional 51,367 shares during the last quarter. 92.89% of the stock is owned by institutional investors.

ICFI traded down $0.96 during midday trading on Monday, hitting $64.62. 130,967 shares of the company traded hands, compared to its average volume of 137,923. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 0.92. The firm has a market capitalization of $1.23 billion, a PE ratio of 19.35, a price-to-earnings-growth ratio of 1.83 and a beta of 0.59. The company’s 50-day moving average is $65.71 and its 200 day moving average is $79.56. ICF International has a 52 week low of $47.75 and a 52 week high of $95.24.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 14th. Stockholders of record on Friday, June 12th will be paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 0.87%. The ex-dividend date of this dividend is Thursday, June 11th. ICF International’s dividend payout ratio (DPR) is presently 13.49%.

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, 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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