ICF International, Inc. (NASDAQ:ICFI) Expected to Post Earnings of $1.33 Per Share

Wall Street brokerages expect that ICF International, Inc. (NASDAQ:ICFIGet Rating) will post earnings per share (EPS) of $1.33 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for ICF International’s earnings, with estimates ranging from $1.30 to $1.36. ICF International posted earnings of $1.19 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 11.8%. The business is expected to issue its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that ICF International will report full year earnings of $5.25 per share for the current fiscal year, with EPS estimates ranging from $5.20 to $5.30. For the next year, analysts anticipate that the business will report earnings of $5.84 per share, with EPS estimates ranging from $5.67 to $6.00. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow ICF International.

ICF International (NASDAQ:ICFIGet Rating) last issued its earnings results on Wednesday, May 4th. The business services provider reported $1.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.20. The firm had revenue of $413.00 million for the quarter, compared to analysts’ expectations of $401.66 million. ICF International had a net margin of 4.45% and a return on equity of 12.05%. The business’s revenue was up 9.1% on a year-over-year basis. During the same quarter last year, the business earned $1.13 earnings per share.

A number of equities analysts have weighed in on the company. StockNews.com raised ICF International from a “hold” rating to a “buy” rating in a research report on Thursday, May 5th. Zacks Investment Research upgraded shares of ICF International from a “hold” rating to a “buy” rating and set a $106.00 price objective on the stock in a research report on Monday, May 9th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, ICF International has a consensus rating of “Buy” and a consensus target price of $120.50.

Shares of ICFI traded down $1.11 during trading hours on Wednesday, hitting $101.10. The company had a trading volume of 3,501 shares, compared to its average volume of 95,796. The firm has a fifty day moving average price of $97.14 and a 200-day moving average price of $97.13. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.32 and a current ratio of 1.32. The stock has a market capitalization of $1.90 billion, a price-to-earnings ratio of 27.36 and a beta of 0.67. ICF International has a 52-week low of $84.68 and a 52-week high of $108.23.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 14th. Stockholders of record on Friday, June 10th will be given a $0.14 dividend. The ex-dividend date is Thursday, June 9th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.55%. ICF International’s payout ratio is 15.09%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. US Bancorp DE increased its stake in shares of ICF International by 2.6% in the 3rd quarter. US Bancorp DE now owns 5,510 shares of the business services provider’s stock valued at $492,000 after purchasing an additional 139 shares in the last quarter. Summit Global Investments boosted its holdings in shares of ICF International by 3.3% during the 4th quarter. Summit Global Investments now owns 9,500 shares of the business services provider’s stock worth $974,000 after purchasing an additional 300 shares during the last quarter. Nisa Investment Advisors LLC acquired a new position in shares of ICF International during the 1st quarter worth approximately $36,000. FourThought Financial LLC acquired a new position in shares of ICF International during the 3rd quarter worth approximately $37,000. Finally, California State Teachers Retirement System raised its position in ICF International by 1.8% in the fourth quarter. California State Teachers Retirement System now owns 25,942 shares of the business services provider’s stock valued at $2,660,000 after purchasing an additional 458 shares during the period. Institutional investors and hedge funds own 91.31% of the company’s stock.

About ICF International (Get Rating)

ICF International, Inc provides management, marketing, technology, and policy consulting and implementation services to government and commercial clients in the United States and internationally. It 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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Earnings History and Estimates for ICF International (NASDAQ:ICFI)

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