ICON Public (NASDAQ:ICLR - Get Free Report) issued an update on its FY24 earnings guidance on Wednesday morning. The company provided EPS guidance of $14.65-$15.15 for the period, compared to the consensus EPS estimate of $14.94. The company issued revenue guidance of $8.48-$8.72 billion, compared to the consensus revenue estimate of $8.64 billion.
Wall Street Analyst Weigh In
A number of brokerages recently commented on ICLR. Truist Financial raised their price target on ICON Public from $357.00 to $367.00 and gave the stock a buy rating in a research note on Friday, February 23rd. Evercore ISI raised their price target on ICON Public from $325.00 to $350.00 and gave the company an outperform rating in a report on Friday, February 23rd. Barclays lifted their price objective on ICON Public from $325.00 to $355.00 and gave the stock an overweight rating in a report on Friday, February 23rd. Robert W. Baird boosted their price target on ICON Public from $345.00 to $362.00 and gave the company an outperform rating in a research note on Thursday, April 4th. Finally, Mizuho restated a buy rating and set a $346.00 price target on shares of ICON Public in a research note on Thursday, April 4th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, ICON Public presently has a consensus rating of Moderate Buy and a consensus target price of $319.45.
Read Our Latest Research Report on ICON Public
ICON Public Stock Performance
ICON Public stock traded up $2.99 during midday trading on Wednesday, hitting $309.44. 956,119 shares of the company were exchanged, compared to its average volume of 556,690. The firm has a market capitalization of $25.53 billion, a PE ratio of 41.93, a price-to-earnings-growth ratio of 1.41 and a beta of 1.15. ICON Public has a fifty-two week low of $181.92 and a fifty-two week high of $344.77. The business has a fifty day simple moving average of $317.97 and a two-hundred day simple moving average of $282.01. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.21 and a current ratio of 1.21.
ICON Public (NASDAQ:ICLR - Get Free Report) last issued its quarterly earnings results on Wednesday, February 21st. The medical research company reported $3.40 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.27 by $0.13. The company had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $2.08 billion. ICON Public had a return on equity of 11.42% and a net margin of 7.54%. On average, sell-side analysts forecast that ICON Public will post 14.4 earnings per share for the current year.
ICON Public Company Profile
(
Get Free Report)
ICON Public Limited Company, a clinical research organization, provides outsourced development and commercialization services in Ireland, rest of Europe, the United States, and internationally. The company specializes in the strategic development, management, and analysis of programs that support various stages of the clinical development process from compound selection to Phase I-IV clinical studies.
Recommended Stories
Before you consider ICON Public, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ICON Public wasn't on the list.
While ICON Public currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
