ICF (ICFI) Expected to Post Quarterly Sales of $304.14 Million

Analysts expect that ICF (NASDAQ:ICFI) will announce $304.14 million in sales for the current fiscal quarter, according to Zacks. Five analysts have made estimates for ICF’s earnings, with estimates ranging from $300.00 million to $307.20 million. ICF reported sales of $296.30 million in the same quarter last year, which indicates a positive year-over-year growth rate of 2.6%. The business is expected to report its next quarterly earnings results on Thursday, May 3rd.

On average, analysts expect that ICF will report full-year sales of $304.14 million for the current financial year, with estimates ranging from $1.26 billion to $1.27 billion. For the next financial year, analysts expect that the company will post sales of $1.33 billion per share, with estimates ranging from $1.32 billion to $1.35 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow ICF.

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ICF (NASDAQ:ICFI) last announced its quarterly earnings data on Tuesday, February 27th. The business services provider reported $0.78 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.78. The business had revenue of $321.17 million for the quarter, compared to analysts’ expectations of $307.52 million. ICF had a net margin of 5.12% and a return on equity of 9.95%.

A number of research analysts recently issued reports on ICFI shares. Zacks Investment Research raised shares of ICF from a “hold” rating to a “buy” rating and set a $63.00 price objective on the stock in a research note on Wednesday, February 28th. ValuEngine raised shares of ICF from a “hold” rating to a “buy” rating in a research note on Thursday, February 8th. BidaskClub raised shares of ICF from a “hold” rating to a “buy” rating in a research note on Wednesday, April 4th. Wells Fargo lifted their price objective on shares of ICF from $58.00 to $61.00 and gave the company a “market perform” rating in a research note on Wednesday, February 28th. Finally, Cowen started coverage on shares of ICF in a research note on Wednesday, March 28th. They issued a “market perform” rating and a $65.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $63.60.

NASDAQ:ICFI traded down $0.25 during mid-day trading on Monday, reaching $63.50. The stock had a trading volume of 77,216 shares, compared to its average volume of 107,006. The stock has a market capitalization of $1,187.07, a price-to-earnings ratio of 21.04, a price-to-earnings-growth ratio of 1.72 and a beta of 0.69. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.48 and a quick ratio of 1.48. ICF has a 12 month low of $41.10 and a 12 month high of $65.40.

The business also recently announced a special dividend, which will be paid on Monday, April 16th. Shareholders of record on Friday, March 30th will be given a $0.14 dividend. The ex-dividend date of this dividend is Wednesday, March 28th. ICF’s dividend payout ratio is currently 4.64%.

In other ICF news, COO John Wasson sold 12,982 shares of the firm’s stock in a transaction that occurred on Thursday, April 5th. The shares were sold at an average price of $62.50, for a total value of $811,375.00. Following the sale, the chief operating officer now owns 71,605 shares in the company, valued at $4,475,312.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Sudhakar Kesavan sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $58.00, for a total transaction of $1,740,000.00. The disclosure for this sale can be found here. Insiders sold 74,246 shares of company stock worth $4,427,215 in the last 90 days. Company insiders own 5.48% of the company’s stock.

A number of institutional investors have recently modified their holdings of ICFI. Ramsey Quantitative Systems acquired a new stake in ICF in the fourth quarter valued at approximately $207,000. MetLife Investment Advisors LLC acquired a new position in shares of ICF during the fourth quarter worth $466,000. California Public Employees Retirement System lifted its holdings in shares of ICF by 8.3% during the third 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. Nationwide Fund Advisors lifted its holdings in shares of ICF by 41.8% during the third quarter. Nationwide Fund Advisors now owns 36,703 shares of the business services provider’s stock worth $1,980,000 after purchasing an additional 10,825 shares during the period. Finally, Public Employees Retirement System of Ohio lifted its holdings in shares of ICF by 2,973.7% during the third 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. Hedge funds and other institutional investors own 92.37% of the company’s stock.

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ICF Company Profile

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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Earnings History and Estimates for ICF (NASDAQ:ICFI)

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