ICF International, Inc. (NASDAQ:ICFI) – Equities researchers at SunTrust Banks dropped their Q3 2017 EPS estimates for shares of ICF International in a note issued to investors on Thursday. SunTrust Banks analyst T. Sommer now forecasts that the business services provider will earn $0.79 per share for the quarter, down from their prior forecast of $0.80. SunTrust Banks also issued estimates for ICF International’s Q4 2017 earnings at $0.78 EPS.
A number of other research firms have also recently commented on ICFI. Zacks Investment Research cut shares of ICF International from a “buy” rating to a “hold” rating in a research note on Thursday, June 15th. Noble Financial reissued a “hold” rating on shares of ICF International in a research note on Thursday, August 3rd. Barrington Research boosted their price target on shares of ICF International from $49.00 to $55.00 and gave the stock an “outperform” rating in a research note on Thursday, May 18th. Finally, BidaskClub cut shares of ICF International from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. ICF International has an average rating of “Hold” and an average target price of $57.33.
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ICF International (ICFI) opened at 44.95 on Monday. ICF International has a 52 week low of $39.25 and a 52 week high of $59.55. The company has a 50-day moving average of $46.20 and a 200 day moving average of $46.32. The company has a market cap of $841.33 million, a P/E ratio of 18.05 and a beta of 0.81.
ICF International (NASDAQ:ICFI) last issued its quarterly earnings data on Wednesday, August 2nd. The business services provider reported $0.73 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.73. The business had revenue of $306.39 million during the quarter, compared to the consensus estimate of $309.15 million. ICF International had a net margin of 4.02% and a return on equity of 10.25%. The firm’s revenue was up .3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.69 EPS.
Large investors have recently made changes to their positions in the stock. TimesSquare Capital Management LLC boosted its stake in shares of ICF International by 31.9% in the first quarter. TimesSquare Capital Management LLC now owns 1,002,274 shares of the business services provider’s stock worth $41,394,000 after buying an additional 242,560 shares during the period. Investment Counselors of Maryland LLC boosted its stake in shares of ICF International by 2.2% in the first quarter. Investment Counselors of Maryland LLC now owns 353,379 shares of the business services provider’s stock worth $14,595,000 after buying an additional 7,600 shares during the period. State Street Corp boosted its stake in shares of ICF International by 5.9% in the first quarter. State Street Corp now owns 341,004 shares of the business services provider’s stock worth $14,083,000 after buying an additional 19,110 shares during the period. Thrivent Financial For Lutherans boosted its stake in shares of ICF International by 26.0% in the first quarter. Thrivent Financial For Lutherans now owns 214,610 shares of the business services provider’s stock worth $8,863,000 after buying an additional 44,290 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of ICF International by 10.4% in the first quarter. Geode Capital Management LLC now owns 187,182 shares of the business services provider’s stock worth $7,730,000 after buying an additional 17,586 shares during the period. 90.17% of the stock is owned by institutional investors.
In other news, COO John Wasson sold 626 shares of the company’s stock in a transaction on Wednesday, July 19th. The shares were sold at an average price of $47.50, for a total value of $29,735.00. Following the completion of the sale, the chief operating officer now owns 54,160 shares of the company’s stock, valued at approximately $2,572,600. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 5.48% of the stock is currently owned by corporate insiders.
About ICF International
ICF International, Inc provides professional services and technology-based solutions to government and commercial clients, including management, technology, and policy consulting and implementation services. The Company’s services address four markets: energy, environment and infrastructure; health, education and social programs; safety and security, and consumer and financial.
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