ICF International Inc (NASDAQ:ICFI) – Investment analysts at SunTrust Banks reduced their FY2019 earnings per share (EPS) estimates for shares of ICF International in a report released on Wednesday, November 6th. SunTrust Banks analyst T. Sommer now forecasts that the business services provider will earn $4.18 per share for the year, down from their previous forecast of $4.24. SunTrust Banks has a “Buy” rating and a $110.00 price objective on the stock. SunTrust Banks also issued estimates for ICF International’s Q4 2019 earnings at $1.22 EPS, Q1 2020 earnings at $0.93 EPS, Q2 2020 earnings at $1.12 EPS, Q3 2020 earnings at $1.19 EPS, Q4 2020 earnings at $1.48 EPS and FY2020 earnings at $4.73 EPS.
A number of other analysts have also weighed in on ICFI. BidaskClub upgraded ICF International from a “hold” rating to a “buy” rating in a research note on Tuesday, October 29th. Sidoti increased their target price on ICF International from $96.00 to $99.00 and gave the stock a “buy” rating in a research note on Thursday, September 19th. Barrington Research reiterated an “outperform” rating and issued a $98.00 target price (up previously from $89.00) on shares of ICF International in a research note on Friday. Zacks Investment Research downgraded ICF International from a “buy” rating to a “hold” rating and set a $88.00 price target on the stock. in a research report on Tuesday, August 20th. Finally, ValuEngine downgraded ICF International from a “buy” rating to a “hold” rating in a research report on Tuesday, September 10th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $92.33.
ICF International (NASDAQ:ICFI) last released its earnings results on Wednesday, November 6th. The business services provider reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.08 by $0.04. ICF International had a return on equity of 11.73% and a net margin of 4.60%. The business had revenue of $373.92 million for the quarter, compared to analyst estimates of $367.13 million. During the same quarter last year, the firm posted $1.01 earnings per share. The business’s revenue was up 12.3% compared to the same quarter last year.
Several institutional investors and hedge funds have recently bought and sold shares of the company. FTB Advisors Inc. grew its position in shares of ICF International by 106.6% during the 3rd quarter. FTB Advisors Inc. now owns 566 shares of the business services provider’s stock worth $47,000 after buying an additional 292 shares in the last quarter. Meeder Asset Management Inc. boosted its position in ICF International by 94.6% during the third quarter. Meeder Asset Management Inc. now owns 687 shares of the business services provider’s stock valued at $58,000 after purchasing an additional 334 shares in the last quarter. UBS Asset Management Americas Inc. boosted its position in ICF International by 6.9% during the second quarter. UBS Asset Management Americas Inc. now owns 11,867 shares of the business services provider’s stock valued at $864,000 after purchasing an additional 766 shares in the last quarter. RK Capital Management LLC boosted its position in ICF International by 0.8% during the second quarter. RK Capital Management LLC now owns 100,200 shares of the business services provider’s stock valued at $7,295,000 after purchasing an additional 800 shares in the last quarter. Finally, Rhumbline Advisers boosted its position in ICF International by 3.5% during the third quarter. Rhumbline Advisers now owns 26,357 shares of the business services provider’s stock valued at $2,226,000 after purchasing an additional 881 shares in the last quarter. 93.86% of the stock is currently owned by institutional investors and hedge funds.
In other news, insider James C. M. Morgan sold 3,144 shares of the stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $87.00, for a total transaction of $273,528.00. Following the transaction, the insider now owns 40,716 shares of the company’s stock, valued at approximately $3,542,292. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Sudhakar Kesavan sold 30,000 shares of the stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $88.50, for a total value of $2,655,000.00. Following the transaction, the chairman now directly owns 213,498 shares in the company, valued at approximately $18,894,573. The disclosure for this sale can be found here. 4.67% of the stock is currently owned by corporate insiders.
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.
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