ICF International Inc (NASDAQ:ICFI) – Equities research analysts at Barrington Research raised their FY2019 EPS estimates for shares of ICF International in a note issued to investors on Monday, June 10th. Barrington Research analyst K. Steinke now forecasts that the business services provider will post earnings of $4.18 per share for the year, up from their previous estimate of $4.16. Barrington Research currently has a “Outperform” rating and a $88.00 target price on the stock. Barrington Research also issued estimates for ICF International’s FY2020 earnings at $4.57 EPS.
ICF International (NASDAQ:ICFI) last released its quarterly earnings data on Thursday, May 2nd. The business services provider reported $0.87 EPS for the quarter, beating the consensus estimate of $0.78 by $0.09. ICF International had a return on equity of 11.37% and a net margin of 4.67%. The company had revenue of $341.25 million for the quarter, compared to analyst estimates of $328.54 million. During the same period last year, the company posted $0.77 earnings per share. The firm’s revenue was up 12.7% compared to the same quarter last year.
Shares of NASDAQ ICFI opened at $74.08 on Wednesday. ICF International has a 1 year low of $60.22 and a 1 year high of $82.25. The stock has a market cap of $1.40 billion, a PE ratio of 19.86, a price-to-earnings-growth ratio of 1.79 and a beta of 0.67. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.42 and a current ratio of 1.42.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 16th. Stockholders of record on Friday, June 14th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date is Thursday, June 13th. ICF International’s payout ratio is 15.01%.
In related news, Director Peter M. Schulte sold 1,372 shares of ICF International stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $72.51, for a total value of $99,483.72. Following the completion of the transaction, the director now directly owns 230,966 shares in the company, valued at $16,747,344.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Peter M. Schulte sold 1,244 shares of ICF International stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $73.62, for a total value of $91,583.28. Following the completion of the transaction, the director now owns 232,338 shares of the company’s stock, valued at $17,104,723.56. The disclosure for this sale can be found here. 4.67% of the stock is currently owned by insiders.
Large investors have recently bought and sold shares of the stock. US Bancorp DE acquired a new position in ICF International in the first quarter worth about $32,000. Meeder Asset Management Inc. grew its stake in ICF International by 343.0% in the first quarter. Meeder Asset Management Inc. now owns 1,803 shares of the business services provider’s stock worth $138,000 after purchasing an additional 1,396 shares in the last quarter. Marshall Wace North America L.P. grew its stake in ICF International by 308.9% in the first quarter. Marshall Wace North America L.P. now owns 2,114 shares of the business services provider’s stock worth $161,000 after purchasing an additional 1,597 shares in the last quarter. One Wealth Advisors LLC grew its stake in ICF International by 6.2% in the fourth quarter. One Wealth Advisors LLC now owns 4,358 shares of the business services provider’s stock worth $282,000 after purchasing an additional 254 shares in the last quarter. Finally, BNP Paribas Arbitrage SA grew its stake in ICF International by 166.3% in the first quarter. BNP Paribas Arbitrage SA now owns 4,066 shares of the business services provider’s stock worth $309,000 after purchasing an additional 2,539 shares in the last quarter. Institutional investors and hedge funds own 93.17% of the company’s stock.
ICF International 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, 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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