ICF International Inc (NASDAQ:ICFI) – Investment analysts at William Blair raised their Q3 2020 earnings per share estimates for ICF International in a report released on Tuesday, January 14th. William Blair analyst A. Nicholas now expects that the business services provider will post earnings of $1.20 per share for the quarter, up from their previous forecast of $1.19. William Blair has a “Market Perform” rating on the stock. William Blair also issued estimates for ICF International’s FY2020 earnings at $4.61 EPS.
Other analysts have also recently issued reports about the company. Sidoti boosted their price objective on ICF International from $96.00 to $99.00 and gave the company a “buy” rating in a research report on Thursday, September 19th. BidaskClub downgraded ICF International from a “buy” rating to a “hold” rating in a report on Friday. Canaccord Genuity initiated coverage on ICF International in a report on Thursday, December 19th. They set a “buy” rating and a $105.00 price target on the stock. ValuEngine cut ICF International from a “hold” rating to a “sell” rating in a research report on Friday, January 3rd. Finally, Barrington Research upped their price objective on ICF International from to and gave the stock an “outperform” rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the stock. ICF International presently has an average rating of “Hold” and an average price target of $95.00.
ICF International (NASDAQ:ICFI) last announced its quarterly earnings results on Wednesday, November 6th. The business services provider reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.04. The company had revenue of $373.92 million during the quarter, compared to analysts’ expectations of $367.13 million. ICF International had a return on equity of 11.87% and a net margin of 4.68%. ICF International’s quarterly revenue was up 12.3% on a year-over-year basis. During the same period last year, the business earned $1.01 earnings per share.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Friday, December 13th were paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.61%. The ex-dividend date was Thursday, December 12th. ICF International’s dividend payout ratio (DPR) is 15.01%.
In other ICF International news, Chairman Sudhakar Kesavan sold 30,000 shares of the firm’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $88.50, for a total transaction of $2,655,000.00. Following the completion of the transaction, the chairman now owns 213,498 shares of the company’s stock, valued at $18,894,573. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider James C. M. Morgan sold 3,144 shares of the firm’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $87.00, for a total value of $273,528.00. Following the transaction, the insider now directly owns 40,716 shares of the company’s stock, valued at approximately $3,542,292. The disclosure for this sale can be found here. Corporate insiders own 4.67% of the company’s stock.
Institutional investors have recently modified their holdings of the stock. Tributary Capital Management LLC purchased a new stake in shares of ICF International during the third quarter worth about $13,745,000. Marshall Wace LLP increased its position in shares of ICF International by 240.6% during the second quarter. Marshall Wace LLP now owns 104,159 shares of the business services provider’s stock worth $7,582,000 after acquiring an additional 73,574 shares during the last quarter. GW&K Investment Management LLC increased its position in shares of ICF International by 8.3% during the third quarter. GW&K Investment Management LLC now owns 415,589 shares of the business services provider’s stock worth $35,105,000 after acquiring an additional 31,708 shares during the last quarter. Marshall Wace North America L.P. increased its position in shares of ICF International by 1,206.1% during the second quarter. Marshall Wace North America L.P. now owns 27,612 shares of the business services provider’s stock worth $2,010,000 after acquiring an additional 25,498 shares during the last quarter. Finally, California Public Employees Retirement System increased its position in shares of ICF International by 101.4% during the third quarter. California Public Employees Retirement System now owns 45,817 shares of the business services provider’s stock worth $3,870,000 after acquiring an additional 23,066 shares during the last quarter. Hedge funds and other institutional investors own 95.14% of the company’s stock.
About ICF International
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.
Further Reading: Equal Weight Rating
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