ICON PLC (NASDAQ:ICLR) – Research analysts at KeyCorp lifted their FY2017 earnings estimates for shares of ICON PLC in a research report issued on Tuesday. KeyCorp analyst D. Hooker now anticipates that the brokerage will post earnings of $5.10 per share for the year, up from their previous estimate of $5.00.

ICON PLC (NASDAQ:ICLR) last posted its quarterly earnings results on Thursday, October 20th. The company reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.18 by $0.01. The firm had revenue of $420.20 million for the quarter, compared to analysts’ expectations of $420.14 million. ICON PLC had a return on equity of 29.47% and a net margin of 15.60%. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.02 EPS.

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

A number of other equities analysts have also recently weighed in on ICLR. Goldman Sachs Group, Inc. (The) raised ICON PLC from a “neutral” rating to a “buy” rating and raised their price objective for the company from $86.00 to $90.00 in a report on Friday, December 16th. SunTrust Banks, Inc. cut ICON PLC from a “buy” rating to a “hold” rating and decreased their price objective for the company from $95.00 to $80.00 in a report on Friday, December 16th. Jefferies Group reissued a “hold” rating and set a $84.00 price objective (down from $87.50) on shares of ICON PLC in a report on Friday, January 6th. Zacks Investment Research cut ICON PLC from a “hold” rating to a “sell” rating in a report on Tuesday, December 27th. Finally, Evercore ISI raised ICON PLC from a “hold” rating to a “buy” rating and raised their price objective for the company from $81.50 to $89.00 in a report on Friday, October 14th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $81.89.

ICON PLC (NASDAQ:ICLR) traded up 0.14% during trading on Thursday, hitting $83.63. The company’s stock had a trading volume of 44,557 shares. The firm has a market cap of $4.67 billion, a P/E ratio of 18.74 and a beta of 0.67. The firm has a 50 day moving average of $75.99 and a 200 day moving average of $75.88. ICON PLC has a 12 month low of $62.31 and a 12 month high of $85.74.

COPYRIGHT VIOLATION NOTICE: “Equities Analysts Issue Forecasts for ICON PLC’s FY2017 Earnings (ICLR)” was first posted by Daily Political and is owned by of Daily Political. If you are viewing this report on another domain, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright laws. The original version of this report can be viewed at http://www.dailypolitical.com/2017/01/13/equities-analysts-issue-forecasts-for-icon-plcs-fy2017-earnings-iclr.html.

Several institutional investors have recently bought and sold shares of ICLR. JPMorgan Chase & Co. boosted its position in ICON PLC by 121.9% in the third quarter. JPMorgan Chase & Co. now owns 134,289 shares of the company’s stock valued at $10,390,000 after buying an additional 73,761 shares during the period. Pax World Management LLC boosted its position in ICON PLC by 87.5% in the third quarter. Pax World Management LLC now owns 140,647 shares of the company’s stock valued at $10,882,000 after buying an additional 65,647 shares during the period. American Capital Management Inc. boosted its position in ICON PLC by 1.9% in the second quarter. American Capital Management Inc. now owns 846,220 shares of the company’s stock valued at $59,244,000 after buying an additional 16,040 shares during the period. Victory Capital Management Inc. boosted its position in ICON PLC by 25.4% in the third quarter. Victory Capital Management Inc. now owns 98,119 shares of the company’s stock valued at $7,876,000 after buying an additional 19,860 shares during the period. Finally, Stephens Investment Management Group LLC boosted its position in ICON PLC by 5.3% in the third quarter. Stephens Investment Management Group LLC now owns 691,048 shares of the company’s stock valued at $53,466,000 after buying an additional 34,851 shares during the period. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

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.

5 Day Chart for NASDAQ:ICLR

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