ICF International (NASDAQ:ICFI) Posts Quarterly Earnings Results

ICF International (NASDAQ:ICFI) posted its earnings results on Wednesday. The business services provider reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.04, Briefing.com reports. The firm had revenue of $373.92 million for the quarter, compared to the consensus estimate of $367.13 million. ICF International had a return on equity of 11.73% and a net margin of 4.60%. The business’s quarterly revenue was up 12.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.01 earnings per share. ICF International updated its FY19 guidance to $4.10-4.25 EPS.

Shares of ICFI stock traded up $3.46 on Thursday, reaching $89.37. The company’s stock had a trading volume of 275,200 shares, compared to its average volume of 108,664. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.61. ICF International has a 12-month low of $60.22 and a 12-month high of $92.06. The company has a market capitalization of $1.62 billion, a P/E ratio of 23.96, a PEG ratio of 2.06 and a beta of 0.60. The stock’s 50 day simple moving average is $81.62 and its 200-day simple moving average is $79.01.

A number of equities research analysts recently issued reports on ICFI shares. BidaskClub upgraded ICF International from a “hold” rating to a “buy” rating in a research report on Tuesday, October 29th. SunTrust Banks increased their price objective on ICF International to $110.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Zacks Investment Research downgraded ICF International from a “buy” rating to a “hold” rating and set a $88.00 price objective on the stock. in a research report on Tuesday, August 20th. Barrington Research reiterated a “buy” rating and issued a $89.00 price objective on shares of ICF International in a research report on Wednesday, August 7th. Finally, Sidoti increased their price objective on ICF International from $96.00 to $99.00 and gave the stock a “buy” rating in a research report on Thursday, September 19th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $90.83.

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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Earnings History for ICF International (NASDAQ:ICFI)

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