Brokerages Expect ICON Public Limited (NASDAQ:ICLR) to Announce $2.07 Earnings Per Share


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Brokerages expect ICON Public Limited (NASDAQ:ICLR) to report earnings per share (EPS) of $2.07 for the current quarter, according to Zacks Investment Research. Seven analysts have provided estimates for ICON Public’s earnings. The lowest EPS estimate is $2.00 and the highest is $2.13. ICON Public reported earnings of $1.20 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 72.5%. The firm is expected to announce its next earnings results on Wednesday, July 28th.

On average, analysts expect that ICON Public will report full year earnings of $8.49 per share for the current financial year, with EPS estimates ranging from $8.25 to $8.64. For the next fiscal year, analysts forecast that the firm will report earnings of $9.22 per share, with EPS estimates ranging from $7.49 to $9.71. Zacks’ earnings per share calculations are an average based on a survey of analysts that follow ICON Public.

ICON Public (NASDAQ:ICLR) last issued its quarterly earnings results on Tuesday, April 27th. The medical research company reported $2.06 earnings per share for the quarter, beating the consensus estimate of $1.97 by $0.09. ICON Public had a return on equity of 21.42% and a net margin of 11.95%.

Several research firms recently commented on ICLR. Bank of America began coverage on ICON Public in a research note on Tuesday, April 13th. They set a “neutral” rating for the company. Deutsche Bank Aktiengesellschaft raised their target price on ICON Public from $179.00 to $208.00 and gave the stock a “hold” rating in a research note on Wednesday, March 3rd. Zacks Investment Research cut ICON Public from a “hold” rating to a “sell” rating in a research note on Thursday, February 25th. Credit Suisse Group increased their price target on ICON Public from $240.00 to $245.00 and gave the stock an “outperform” rating in a report on Thursday, April 29th. Finally, Wells Fargo & Company upgraded ICON Public from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $200.00 to $235.00 in a report on Thursday, April 1st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $232.60.

Several institutional investors and hedge funds have recently modified their holdings of ICLR. Amundi Pioneer Asset Management Inc. increased its position in shares of ICON Public by 2.1% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 24,400 shares of the medical research company’s stock valued at $3,332,000 after acquiring an additional 500 shares during the last quarter. Sowell Financial Services LLC increased its position in shares of ICON Public by 74.7% during the fourth quarter. Sowell Financial Services LLC now owns 255 shares of the medical research company’s stock valued at $50,000 after acquiring an additional 109 shares during the last quarter. Fieldpoint Private Securities LLC increased its position in shares of ICON Public by 11.4% during the fourth quarter. Fieldpoint Private Securities LLC now owns 1,237 shares of the medical research company’s stock valued at $241,000 after acquiring an additional 127 shares during the last quarter. Kornitzer Capital Management Inc. KS increased its position in shares of ICON Public by 1.7% during the fourth quarter. Kornitzer Capital Management Inc. KS now owns 84,766 shares of the medical research company’s stock valued at $16,528,000 after acquiring an additional 1,400 shares during the last quarter. Finally, Todd Asset Management LLC increased its position in ICON Public by 18.6% in the fourth quarter. Todd Asset Management LLC now owns 103,487 shares of the medical research company’s stock worth $20,177,000 after buying an additional 16,225 shares during the last quarter. 81.70% of the stock is owned by institutional investors.

Shares of ICLR stock traded up $5.95 on Tuesday, hitting $219.44. The company had a trading volume of 753,301 shares, compared to its average volume of 575,832. The firm has a market cap of $11.77 billion, a P/E ratio of 35.58, a P/E/G ratio of 2.85 and a beta of 0.91. The stock’s 50-day moving average is $199.65 and its two-hundred day moving average is $197.70. ICON Public has a twelve month low of $145.11 and a twelve month high of $223.62.

ICON Public Company Profile

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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