Analysts expect ICF International Inc (NASDAQ:ICFI) to report $332.14 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for ICF International’s earnings, with the lowest sales estimate coming in at $329.73 million and the highest estimate coming in at $335.30 million. ICF International reported sales of $305.30 million during the same quarter last year, which indicates a positive year over year growth rate of 8.8%. The firm is expected to issue its next earnings results after the market closes on Thursday, November 1st.
According to Zacks, 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 forecast that the company will post sales of $1.40 billion, with estimates ranging from $1.38 billion to $1.41 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that follow ICF International.
ICF International (NASDAQ:ICFI) last posted its earnings results on Thursday, August 2nd. The business services provider reported $0.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.90 by ($0.10). ICF International had a net margin of 5.33% and a return on equity of 9.90%. The company had revenue of $324.30 million during the quarter, compared to analysts’ expectations of $315.92 million. During the same quarter last year, the firm earned $0.73 EPS. ICF International’s revenue for the quarter was up 5.8% on a year-over-year basis.
In other ICF International news, EVP Ellen Glover sold 4,972 shares of the firm’s stock in a transaction dated Friday, August 3rd. The stock was sold at an average price of $76.86, for a total value of $382,147.92. Following the completion of the sale, the executive vice president now owns 35,416 shares of the company’s stock, valued at $2,722,073.76. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Sudhakar Kesavan sold 28,744 shares of the firm’s stock in a transaction dated Friday, August 3rd. The stock was sold at an average price of $78.61, for a total value of $2,259,565.84. Following the completion of the sale, the chief executive officer now directly owns 187,370 shares of the company’s stock, valued at approximately $14,729,155.70. 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. Corporate insiders own 4.67% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the business. Koch Industries Inc. acquired a new stake in ICF International in the first quarter worth about $280,000. Element Capital Management LLC acquired a new stake in shares of ICF International during the first quarter worth about $291,000. OppenheimerFunds Inc. lifted its holdings in shares of ICF International by 23.5% during the first quarter. OppenheimerFunds Inc. now owns 6,133 shares of the business services provider’s stock worth $358,000 after purchasing an additional 1,169 shares during the period. Wedge Capital Management L L P NC acquired a new stake in shares of ICF International during the second quarter worth about $597,000. Finally, Citadel Advisors LLC lifted its holdings in shares of ICF International by 101.9% during the first quarter. Citadel Advisors LLC now owns 11,483 shares of the business services provider’s stock worth $671,000 after purchasing an additional 5,796 shares during the period. 90.83% of the stock is owned by institutional investors and hedge funds.
ICFI traded down $0.19 on Monday, hitting $71.51. The company had a trading volume of 80,916 shares, compared to its average volume of 107,929. ICF International has a 12-month low of $50.10 and a 12-month high of $82.25. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.80 and a quick ratio of 1.80. The firm has a market capitalization of $1.42 billion, a PE ratio of 23.68, a price-to-earnings-growth ratio of 1.98 and a beta of 0.70.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 16th. Shareholders of record on Friday, September 7th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 0.78%. The ex-dividend date is Thursday, September 6th. ICF International’s dividend payout ratio is presently 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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