ICF International Inc (NASDAQ:ICFI) – Equities research analysts at William Blair lifted their Q3 2019 earnings estimates for shares of ICF International in a report released on Thursday, October 4th. William Blair analyst T. Mchugh now anticipates that the business services provider will post earnings per share of $1.07 for the quarter, up from their prior estimate of $1.04. William Blair also issued estimates for ICF International’s Q4 2019 earnings at $1.14 EPS.
A number of other research analysts also recently issued reports on the stock. BidaskClub downgraded shares of ICF International from a “buy” rating to a “hold” rating in a research report on Thursday, September 20th. Loop Capital boosted their price target on shares of ICF International to $89.00 and gave the stock a “buy” rating in a research report on Friday, August 3rd. Barrington Research set a $86.00 price target on shares of ICF International and gave the stock a “buy” rating in a research report on Monday, August 13th. Cowen upgraded shares of ICF International from a “market perform” rating to an “outperform” rating and set a $85.00 price target on the stock in a research report on Friday, August 3rd. Finally, Zacks Investment Research downgraded shares of ICF International from a “buy” rating to a “hold” rating in a research report on Friday, June 15th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $79.67.
ICF International (NASDAQ:ICFI) last posted its earnings results on Thursday, August 2nd. The business services provider reported $0.80 EPS for the quarter, missing the consensus estimate of $0.90 by ($0.10). ICF International had a return on equity of 9.90% and a net margin of 5.33%. The business had revenue of $324.30 million for the quarter, compared to analyst estimates of $315.92 million. During the same quarter in the prior year, the business earned $0.73 earnings per share. The firm’s quarterly revenue was up 5.8% on a year-over-year basis.
Institutional investors have recently added to or reduced their stakes in the stock. Koch Industries Inc. acquired a new position in shares of ICF International during the 1st quarter valued at $280,000. Element Capital Management LLC acquired a new position in shares of ICF International during the 1st quarter valued at $291,000. OppenheimerFunds Inc. lifted its position in shares of ICF International by 23.5% during the 1st quarter. OppenheimerFunds Inc. now owns 6,133 shares of the business services provider’s stock valued at $358,000 after acquiring an additional 1,169 shares during the period. Wedge Capital Management L L P NC acquired a new position in shares of ICF International during the 2nd quarter valued at $597,000. Finally, Citadel Advisors LLC lifted its position in shares of ICF International by 101.9% during the 1st quarter. Citadel Advisors LLC now owns 11,483 shares of the business services provider’s stock valued at $671,000 after acquiring an additional 5,796 shares during the period. Institutional investors own 90.83% of the company’s stock.
In other news, insider Ellen Glover sold 4,184 shares of the business’s stock in a transaction that occurred on Wednesday, July 11th. The shares were sold at an average price of $74.00, for a total value of $309,616.00. Following the transaction, the insider now owns 35,415 shares in the company, valued at approximately $2,620,710. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Sudhakar Kesavan sold 4,152 shares of the business’s stock in a transaction that occurred on Wednesday, July 11th. The stock was sold at an average price of $74.00, for a total transaction of $307,248.00. Following the completion of the transaction, the chief executive officer now owns 171,522 shares in the company, valued at approximately $12,692,628. The disclosure for this sale can be found here. Insiders sold a total of 45,716 shares of company stock worth $3,543,842 in the last 90 days. Corporate insiders own 4.67% of the company’s stock.
The company also recently declared 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. The ex-dividend date is Thursday, September 6th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.76%. ICF International’s dividend payout ratio (DPR) is currently 18.54%.
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, 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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