Icon Plc (ICLR) Expected to Post FY2017 Earnings of $5.12 Per Share

Icon Plc (NASDAQ:ICLR) – Analysts at William Blair decreased their FY2017 earnings per share (EPS) estimates for shares of Icon Plc in a research report issued on Tuesday. William Blair analyst J. Kreger now forecasts that the firm will earn $5.12 per share for the year, down from their prior estimate of $5.19. William Blair also issued estimates for Icon Plc’s FY2018 earnings at $5.78 EPS and FY2019 earnings at $6.47 EPS.

Icon Plc (NASDAQ:ICLR) last released its quarterly earnings data on Thursday, October 20th. The company reported $1.19 EPS for the quarter, beating the consensus estimate of $1.18 by $0.01. Icon Plc had a return on equity of 29.47% and a net margin of 15.60%. The company had revenue of $420.20 million for the quarter, compared to analyst estimates of $420.14 million. During the same period last year, the company posted $1.02 earnings per share. The firm’s revenue was up 6.5% compared to the same quarter last year. COPYRIGHT VIOLATION NOTICE: “Icon Plc (ICLR) Expected to Post FY2017 Earnings of $5.12 Per Share” was published by Sports Perspectives and is owned by of Sports Perspectives. If you are viewing this news story on another publication, it was stolen and republished in violation of international copyright laws. The correct version of this news story can be read at https://sportsperspectives.com/2017/01/11/icon-plc-iclr-expected-to-post-fy2017-earnings-of-5-12-per-share.html.

Earnings History and Estimates for Icon Plc (NASDAQ:ICLR)

Other equities analysts have also recently issued reports about the stock. Goldman Sachs Group, Inc. (The) upgraded shares of Icon Plc from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $86.00 to $90.00 in a research report on Friday, December 16th. SunTrust Banks, Inc. cut shares of Icon Plc from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $95.00 to $80.00 in a research report on Friday, December 16th. Jefferies Group reiterated a “hold” rating and set a $84.00 price objective (down from $87.50) on shares of Icon Plc in a research report on Friday, January 6th. Zacks Investment Research cut shares of Icon Plc from a “hold” rating to a “sell” rating in a research report on Tuesday, December 27th. Finally, Evercore ISI upgraded shares of Icon Plc from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $81.50 to $89.00 in a research report on Friday, October 14th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $81.89.

Icon Plc (NASDAQ:ICLR) traded up 0.09% on Wednesday, reaching $82.03. The company’s stock had a trading volume of 225,354 shares. The stock has a 50 day moving average price of $75.99 and a 200-day moving average price of $75.88. The company has a market capitalization of $4.58 billion, a price-to-earnings ratio of 18.38 and a beta of 0.67. Icon Plc has a 1-year low of $62.31 and a 1-year high of $85.74.

Several institutional investors have recently bought and sold shares of the stock. Delphi Management Inc. MA acquired a new stake in shares of Icon Plc during the third quarter worth about $2,282,000. Cetera Advisor Networks LLC boosted its stake in shares of Icon Plc by 10.2% in the third quarter. Cetera Advisor Networks LLC now owns 18,337 shares of the company’s stock worth $1,419,000 after buying an additional 1,701 shares in the last quarter. D. E. Shaw & Co. Inc. boosted its stake in shares of Icon Plc by 63.7% in the third quarter. D. E. Shaw & Co. Inc. now owns 25,313 shares of the company’s stock worth $1,958,000 after buying an additional 9,851 shares in the last quarter. Clinton Group Inc. boosted its stake in shares of Icon Plc by 41.7% in the third quarter. Clinton Group Inc. now owns 20,904 shares of the company’s stock worth $1,617,000 after buying an additional 6,155 shares in the last quarter. Finally, The Manufacturers Life Insurance Company acquired a new stake in shares of Icon Plc during the third quarter worth about $28,904,000. Institutional investors and hedge funds own 91.51% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “Icon Plc (ICLR) Expected to Post FY2017 Earnings of $5.12 Per Share” was published by Sports Perspectives and is owned by of Sports Perspectives. If you are viewing this news story on another publication, it was stolen and republished in violation of international copyright laws. The correct version of this news story can be read at https://sportsperspectives.com/2017/01/11/icon-plc-iclr-expected-to-post-fy2017-earnings-of-5-12-per-share.html.

About Icon Plc

ICON public limited company is a contract research organization (CRO), which is engaged in providing outsourced development services to the pharmaceutical, biotechnology and medical device industries. The Company is engaged in the strategic development, management and analysis of programs that support the various stages of the clinical development process, from compound selection to Phase I-IV clinical studies.

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