Zacks: Brokerages Anticipate ICF International Inc (ICFI) Will Post Quarterly Sales of $307.53 Million

Equities research analysts predict that ICF International Inc (NASDAQ:ICFI) will post sales of $307.53 million for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for ICF International’s earnings, with estimates ranging from $302.60 million to $312.01 million. ICF International posted sales of $289.56 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 6.2%. The business is expected to issue its next earnings results on Monday, February 26th.

On average, analysts expect that ICF International will report full year sales of $307.53 million for the current year, with estimates ranging from $1.21 billion to $1.22 billion. For the next fiscal year, analysts expect that the company will post sales of $1.26 billion per share, with estimates ranging from $1.25 billion to $1.28 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover ICF International.

ICF International (NASDAQ:ICFI) last posted its quarterly earnings results on Thursday, November 2nd. The business services provider reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.03. ICF International had a net margin of 4.05% and a return on equity of 10.14%. The business had revenue of $305.30 million during the quarter, compared to analysts’ expectations of $311.49 million. During the same quarter in the prior year, the company posted $0.81 EPS. The business’s revenue for the quarter was down .4% on a year-over-year basis.

ICFI has been the subject of several analyst reports. ValuEngine raised shares of ICF International from a “hold” rating to a “buy” rating in a research note on Tuesday, November 14th. Zacks Investment Research raised shares of ICF International from a “hold” rating to a “buy” rating and set a $62.00 price target for the company in a research note on Wednesday, October 4th. SunTrust Banks reissued a “buy” rating and issued a $62.00 price target on shares of ICF International in a research note on Friday, September 22nd. Wells Fargo & Co increased their price target on shares of ICF International from $54.00 to $58.00 and gave the company a “market perform” rating in a research note on Wednesday, October 25th. Finally, BidaskClub cut shares of ICF International from a “buy” rating to a “hold” rating in a research note on Thursday, December 7th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $60.40.

Shares of ICF International (NASDAQ ICFI) opened at $53.45 on Friday. ICF International has a one year low of $40.20 and a one year high of $57.95. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.39. The firm has a market cap of $996.41, a P/E ratio of 17.76, a PEG ratio of 1.68 and a beta of 0.85.

Several large investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio boosted its position in shares of ICF International by 2,973.7% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 50,685 shares of the business services provider’s stock worth $2,734,000 after purchasing an additional 49,036 shares during the period. California Public Employees Retirement System boosted its position in shares of ICF International by 8.3% during the 3rd quarter. California Public Employees Retirement System now owns 29,465 shares of the business services provider’s stock worth $1,590,000 after purchasing an additional 2,265 shares during the period. Systematic Financial Management LP boosted its position in shares of ICF International by 392.2% during the 3rd quarter. Systematic Financial Management LP now owns 159,432 shares of the business services provider’s stock worth $8,601,000 after purchasing an additional 127,037 shares during the period. Ameriprise Financial Inc. boosted its position in shares of ICF International by 10.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 80,506 shares of the business services provider’s stock worth $4,344,000 after purchasing an additional 7,547 shares during the period. Finally, Russell Investments Group Ltd. boosted its position in shares of ICF International by 38.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 116,909 shares of the business services provider’s stock worth $6,307,000 after purchasing an additional 32,502 shares during the period. 91.39% of the stock is owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION WARNING: “Zacks: Brokerages Anticipate ICF International Inc (ICFI) Will Post Quarterly Sales of $307.53 Million” was first published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this piece of content on another site, it was illegally stolen and reposted in violation of US and international copyright and trademark laws. The original version of this piece of content can be read at https://ledgergazette.com/2018/01/07/zacks-brokerages-anticipate-icf-international-inc-icfi-will-post-quarterly-sales-of-307-53-million.html.

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.

Get a free copy of the Zacks research report on ICF International (ICFI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for ICF International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ICF International and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply