ICON Public (ICLR) to Release Quarterly Earnings on Thursday

ICON Public (NASDAQ:ICLR – Get Rating) is scheduled to be announcing its earnings results before the market opens on Thursday, April 28th. Analysts expect the company to announce earnings of $2.48 per share for the quarter. ICON Public has set its FY22 guidance at $11.55-11.95 EPS and its FY 2022 guidance at $11.550-$11.950 EPS.

ICON Public (NASDAQ:ICLR – Get Rating) last announced its earnings results on Tuesday, February 22nd. The medical research company reported $2.44 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.40 by $0.04. ICON Public had a return on equity of 12.71% and a net margin of 2.79%. The business had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.90 billion. During the same quarter last year, the firm earned $1.90 EPS. ICON Public’s revenue for the quarter was up 148.0% compared to the same quarter last year. On average, analysts expect ICON Public to post $11 EPS for the current fiscal year and $12 EPS for the next fiscal year.

NASDAQ:ICLR opened at $210.67 on Wednesday. The company has a market cap of $17.15 billion, a P/E ratio of 71.41, a price-to-earnings-growth ratio of 1.32 and a beta of 0.98. ICON Public has a twelve month low of $204.80 and a twelve month high of $313.00. The business has a 50 day moving average price of $236.56 and a two-hundred day moving average price of $262.75. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.67.

Several research analysts recently commented on ICLR shares. TheStreet cut shares of ICON Public from a “b-” rating to a “c” rating in a report on Thursday, March 10th. Barclays reduced their price objective on shares of ICON Public from $285.00 to $255.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 23rd. Citigroup lowered their target price on ICON Public from $340.00 to $315.00 and set a “buy” rating on the stock in a research report on Wednesday, February 23rd. Zacks Investment Research raised ICON Public from a “sell” rating to a “hold” rating in a research report on Tuesday, March 8th. Finally, Mizuho decreased their target price on shares of ICON Public from $315.00 to $272.00 and set a “buy” rating for the company in a research note on Monday, March 7th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, ICON Public presently has a consensus rating of “Buy” and a consensus target price of $277.10.

An institutional investor recently bought a new position in ICON Public stock. Titleist Asset Management LTD. bought a new position in shares of ICON Public Limited (NASDAQ:ICLR – Get Rating) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 648 shares of the medical research company’s stock, valued at approximately $201,000. Institutional investors and hedge funds own 88.40% of the company’s stock.

About ICON Public (Get Rating)

ICON Public Limited Company, a clinical research organization, provides outsourced development and commercialization services in Ireland, rest of Europe, the United States, and internationally. The company specializes in the strategic development, management, and analysis of programs that support various stages of the clinical development process from compound selection to Phase I-IV clinical studies.

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