Wall Street brokerages predict that ICF International Inc (NASDAQ:ICFI) will announce $330.36 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for ICF International’s earnings, with the lowest sales estimate coming in at $325.00 million and the highest estimate coming in at $335.30 million. ICF International posted sales of $305.30 million during the same quarter last year, which suggests a positive year-over-year growth rate of 8.2%. The company is expected to announce its next quarterly earnings results on Thursday, November 1st.

On average, analysts expect that ICF International will report full year sales of $1.30 billion for the current fiscal year, with estimates ranging from $1.26 billion to $1.32 billion. For the next financial year, analysts forecast that the business will report sales of $1.37 billion per share, with estimates ranging from $1.30 billion to $1.41 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for ICF International.

ICF International (NASDAQ:ICFI) last issued its quarterly earnings data on Thursday, August 2nd. The business services provider reported $0.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.10). ICF International had a return on equity of 9.90% and a net margin of 5.33%. The firm had revenue of $324.30 million during the quarter, compared to analysts’ expectations of $315.92 million. During the same period in the previous year, the firm earned $0.73 EPS. The firm’s quarterly revenue was up 5.8% on a year-over-year basis.

A number of brokerages have recently issued reports on ICFI. BidaskClub raised shares of ICF International from a “hold” rating to a “buy” rating in a research report on Tuesday, June 26th. Barrington Research set a $86.00 price objective on shares of ICF International and gave the stock a “buy” rating in a research report on Monday, August 13th. Zacks Investment Research raised shares of ICF International from a “hold” rating to a “buy” rating and set a $80.00 price objective on the stock in a research report on Monday, June 18th. Finally, Loop Capital lifted their price objective on shares of ICF International to $89.00 and gave the stock a “buy” rating in a research report on Friday, August 3rd. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $79.67.

In related news, CEO Sudhakar Kesavan sold 28,744 shares of ICF International stock in a transaction that occurred on Friday, August 3rd. The shares were 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 in the company, valued at approximately $14,729,155.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Ellen Glover sold 4,972 shares of ICF International stock in a transaction that occurred on Friday, August 3rd. The stock was sold at an average price of $76.86, for a total transaction 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 disclosure for this sale can be found here. Insiders sold a total of 83,692 shares of company stock valued at $6,298,637 over the last quarter. 4.67% of the stock is owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in the stock. Copper Rock Capital Partners LLC acquired a new stake in ICF International in the 2nd quarter worth approximately $27,825,000. Northern Trust Corp boosted its stake in ICF International by 0.7% in the 1st quarter. Northern Trust Corp now owns 376,365 shares of the business services provider’s stock worth $21,998,000 after purchasing an additional 2,534 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in ICF International by 20.2% in the 2nd quarter. Russell Investments Group Ltd. now owns 345,100 shares of the business services provider’s stock worth $24,519,000 after purchasing an additional 58,091 shares in the last quarter. Boston Partners boosted its stake in ICF International by 15.5% in the 1st quarter. Boston Partners now owns 326,253 shares of the business services provider’s stock worth $19,069,000 after purchasing an additional 43,880 shares in the last quarter. Finally, Systematic Financial Management LP lifted its stake in ICF International by 25.9% during the 2nd quarter. Systematic Financial Management LP now owns 315,416 shares of the business services provider’s stock valued at $22,410,000 after acquiring an additional 64,943 shares during the period. Institutional investors own 93.67% of the company’s stock.

Shares of ICF International stock opened at $80.75 on Friday. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.38. ICF International has a 52-week low of $42.35 and a 52-week high of $81.25. The company has a market capitalization of $1.44 billion, a PE ratio of 26.80, a PEG ratio of 2.01 and a beta of 0.68.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 16th. Investors of record on Friday, September 7th will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date of this dividend is Thursday, September 6th. ICF International’s dividend payout ratio (DPR) 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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Earnings History and Estimates for ICF International (NASDAQ:ICFI)

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