ICON PLC (NASDAQ:ICLR) – Investment analysts at Jefferies Group raised their Q4 2016 earnings per share estimates for shares of ICON PLC in a research note issued on Tuesday. Jefferies Group analyst D. Windley now expects that the firm will earn $1.26 per share for the quarter, up from their prior estimate of $1.23. Jefferies Group currently has a “Hold” rating and a $84.00 target price on the stock. Jefferies Group also issued estimates for ICON PLC’s Q1 2017 earnings at $1.27 EPS, Q2 2017 earnings at $1.31 EPS, Q3 2017 earnings at $1.25 EPS, Q4 2017 earnings at $1.27 EPS, FY2017 earnings at $5.10 EPS and FY2018 earnings at $5.55 EPS.

A number of other equities research analysts also recently commented on ICLR. Goldman Sachs Group, Inc. (The) upgraded shares of ICON PLC from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $86.00 to $90.00 in a report on Friday, December 16th. SunTrust Banks, Inc. downgraded shares of ICON PLC from a “buy” rating to a “hold” rating and lowered their price target for the stock from $95.00 to $80.00 in a report on Friday, December 16th. Zacks Investment Research downgraded shares of ICON PLC from a “hold” rating to a “sell” rating in a report on Tuesday, December 27th. Evercore ISI upgraded shares of ICON PLC from a “hold” rating to a “buy” rating and lifted their price target for the stock from $81.50 to $89.00 in a report on Friday, October 14th. Finally, Avondale Partners upgraded shares of ICON PLC from an “underperform” rating to a “market perform” rating in a report on Thursday, October 20th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $81.89.

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

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Shares of ICON PLC (NASDAQ:ICLR) opened at 82.09 on Thursday. The firm’s 50-day moving average is $75.99 and its 200-day moving average is $75.88. The firm has a market capitalization of $4.58 billion, a price-to-earnings ratio of 18.39 and a beta of 0.67. ICON PLC has a 12-month low of $62.31 and a 12-month high of $85.74.

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

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