ICF International Inc (ICFI) Expected to Post Quarterly Sales of $332.14 Million

Brokerages expect ICF International Inc (NASDAQ:ICFI) to announce $332.14 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for ICF International’s earnings, with estimates ranging from $329.73 million to $335.30 million. ICF International posted sales of $305.30 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 8.8%. The company is expected to issue its next earnings report after the market closes on Thursday, November 1st.

On average, analysts expect that ICF International will report full-year sales of $1.31 billion for the current fiscal year, with estimates ranging from $1.30 billion to $1.32 billion. For the next fiscal year, analysts expect that the company will report sales of $1.40 billion, with estimates ranging from $1.38 billion to $1.41 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that follow ICF International.

ICF International (NASDAQ:ICFI) last announced its earnings results on Thursday, August 2nd. The business services provider reported $0.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.10). The business had revenue of $324.30 million for the quarter, compared to analyst estimates of $315.92 million. ICF International had a return on equity of 9.90% and a net margin of 5.33%. The business’s revenue was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.73 EPS.



ICFI has been the subject of a number of research reports. Cowen upgraded shares of ICF International from a “market perform” rating to an “outperform” rating and set a $85.00 target price for the company in a research report on Friday, August 3rd. BidaskClub cut shares of ICF International from a “buy” rating to a “hold” rating in a research report on Thursday, September 20th. Zacks Investment Research upgraded shares of ICF International from a “hold” rating to a “buy” rating and set a $80.00 target price for the company in a research report on Monday, June 18th. Barrington Research set a $86.00 target price on shares of ICF International and gave the stock a “buy” rating in a research report on Monday, August 13th. Finally, Loop Capital lifted their target price on shares of ICF International to $89.00 and gave the stock a “buy” rating in a research report on Friday, August 3rd. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. ICF International presently has a consensus rating of “Buy” and an average price target of $79.67.

ICFI traded up $0.09 during midday trading on Monday, reaching $71.60. 61,700 shares of the company’s stock were exchanged, compared to its average volume of 107,696. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.38. The stock has a market cap of $1.42 billion, a P/E ratio of 23.71, a PEG ratio of 1.98 and a beta of 0.70. ICF International has a 1-year low of $50.10 and a 1-year high of $82.25.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 16th. Stockholders of record on Friday, September 7th will be given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date of this dividend is Thursday, September 6th. ICF International’s dividend payout ratio is presently 18.54%.

In other news, CEO Sudhakar Kesavan sold 28,744 shares of the business’s stock in a transaction that occurred on Friday, August 3rd. The shares were sold at an average price of $78.61, for a total value of $2,259,565.84. Following the completion of the transaction, the chief executive officer now owns 187,370 shares of the company’s stock, valued at $14,729,155.70. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Ellen Glover sold 4,972 shares of the business’s stock in a transaction that occurred on Friday, August 3rd. The shares were sold at an average price of $76.86, for a total transaction of $382,147.92. Following the completion of the transaction, the executive vice president now directly owns 35,416 shares of the company’s stock, valued at approximately $2,722,073.76. The disclosure for this sale can be found here. In the last three months, insiders sold 36,248 shares of company stock valued at $2,843,210. Company insiders own 4.67% of the company’s stock.

Several large investors have recently bought and sold shares of ICFI. Wells Fargo & Company MN raised its position in shares of ICF International by 3.1% in the first quarter. Wells Fargo & Company MN now owns 28,553 shares of the business services provider’s stock valued at $1,669,000 after buying an additional 862 shares during the last quarter. Swiss National Bank raised its position in shares of ICF International by 2.8% in the first quarter. Swiss National Bank now owns 32,600 shares of the business services provider’s stock valued at $1,905,000 after buying an additional 900 shares during the last quarter. Northern Trust Corp raised its position in shares of ICF International by 0.7% in the first quarter. Northern Trust Corp now owns 376,365 shares of the business services provider’s stock valued at $21,998,000 after buying an additional 2,534 shares during the last quarter. GSA Capital Partners LLP acquired a new position in shares of ICF International in the first quarter valued at approximately $971,000. Finally, OppenheimerFunds Inc. raised its position in shares of ICF International by 23.5% in the first quarter. OppenheimerFunds Inc. now owns 6,133 shares of the business services provider’s stock valued at $358,000 after buying an additional 1,169 shares during the last quarter. 90.83% of the stock is owned by institutional investors and hedge funds.

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, 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 International (NASDAQ:ICFI)

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