ICON Public (NASDAQ:ICLR) Updates FY22 Earnings Guidance

ICON Public (NASDAQ:ICLR) updated its FY22 earnings guidance on Wednesday. The company provided earnings per share guidance of $11.55-11.95 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $11.36. The company issued revenue guidance of $7.77-8.05 billion, compared to the consensus revenue estimate of $7.95 billion.ICON Public also updated its FY21 guidance to $9.55-9.75 EPS.

A number of research analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of ICON Public from a hold rating to a sell rating in a research report on Friday. Deutsche Bank Aktiengesellschaft increased their target price on shares of ICON Public from $234.00 to $287.00 and gave the company a hold rating in a research report on Tuesday, November 16th. JPMorgan Chase & Co. raised shares of ICON Public from a neutral rating to an overweight rating and increased their target price for the company from $230.00 to $320.00 in a research report on Monday, September 27th. Mizuho increased their target price on shares of ICON Public from $242.00 to $315.00 and gave the company a buy rating in a research report on Friday, November 5th. Finally, Barclays upped their price target on shares of ICON Public from $240.00 to $315.00 and gave the company an equal weight rating in a research note on Friday, November 5th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, ICON Public currently has an average rating of Buy and an average target price of $278.17.

Shares of ICLR stock opened at $266.39 on Friday. The company has a 50 day moving average price of $283.82 and a 200-day moving average price of $262.32. ICON Public has a 52 week low of $168.76 and a 52 week high of $313.00. The firm has a market capitalization of $14.08 billion, a PE ratio of 67.78, a P/E/G ratio of 0.96 and a beta of 0.89. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.74.

ICON Public (NASDAQ:ICLR) last announced its earnings results on Wednesday, November 3rd. The medical research company reported $2.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.39 by $0.16. The company had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.84 billion. ICON Public had a net margin of 4.09% and a return on equity of 15.50%. The firm’s quarterly revenue was up 166.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.72 earnings per share. Analysts anticipate that ICON Public will post 8.8 earnings per share for the current year.

About ICON Public

ICON plc operates as a clinical research organization, which engages in the provision of outsourced development services to the pharmaceutical, biotechnology, and medical device industries. It specializes in the strategic development, management and analysis of programs that support clinical development.

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Earnings History and Estimates for ICON Public (NASDAQ:ICLR)

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