The price of Icon Plc (NASDAQ: ICLR) closed at $329.50 in the last session, down -0.12% from day before closing price of $329.91. In other words, the price has decreased by -$0.41 from its previous closing price. On the day, 541108 shares were traded.
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Ratios:
We take a closer look at ICLR’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 71.52 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 26.78. For the most recent quarter (mrq), Quick Ratio is recorded 1.21 and its Current Ratio is at 1.21. In the meantime, Its Debt-to-Equity ratio is 0.43 whereas as Long-Term Debt/Eq ratio is at 0.41.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Truist on December 15, 2023, initiated with a Buy rating and assigned the stock a target price of $357.
On September 13, 2023, TD Cowen started tracking the stock assigning a Outperform rating and target price of $306.
Barclays Upgraded its Equal Weight to Overweight on January 17, 2023, whereas the target price for the stock was revised from $215 to $260.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ICLR now has a Market Capitalization of 27.18B and an Enterprise Value of 30.74B. As of this moment, Icon’s Price-to-Earnings (P/E) ratio for their current fiscal year is 44.60, and their Forward P/E ratio for the next fiscal year is 19.19. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.13. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.35 while its Price-to-Book (P/B) ratio in mrq is 2.94. Its current Enterprise Value per Revenue stands at 3.79 whereas that against EBITDA is 20.20.
Stock Price History:
Over the past 52 weeks, ICLR has reached a high of $344.77, while it has fallen to a 52-week low of $181.92. The 50-Day Moving Average of the stock is 299.89, while the 200-Day Moving Average is calculated to be 265.43.
Shares Statistics:
According to the various share statistics, ICLR traded on average about 561.24K shares per day over the past 3-months and 404.53k shares per day over the past 10 days. A total of 82.50M shares are outstanding, with a floating share count of 81.77M. Insiders hold about 0.88% of the company’s shares, while institutions hold 99.44% stake in the company. Shares short for ICLR as of Feb 29, 2024 were 1.53M with a Short Ratio of 2.66, compared to 2.02M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.86% and a Short% of Float of 1.87%.
Earnings Estimates
The company has 14 analysts who recommend its stock at the moment. On average, analysts expect EPS of $3.44 for the current quarter, with a high estimate of $3.52 and a low estimate of $3.35, while EPS last year was $2.9. The consensus estimate for the next quarter is $3.61, with high estimates of $3.69 and low estimates of $3.49.
Analysts are recommending an EPS of between $15.16 and $14.65 for the fiscal current year, implying an average EPS of $14.94. EPS for the following year is $17.05, with 16 analysts recommending between $17.4 and $15.55.
Revenue Estimates
According to 13 analysts, the current quarter’s revenue is expected to be $2.09B. It ranges from a high estimate of $2.12B to a low estimate of $2.07B. As of the current estimate, Icon Plc’s year-ago sales were $1.98B, an estimated increase of 5.40% from the year-ago figure.
A total of 16 analysts have provided revenue estimates for ICLR’s current fiscal year. The highest revenue estimate was $8.75B, while the lowest revenue estimate was $8.5B, resulting in an average revenue estimate of $8.64B. In the same quarter a year ago, actual revenue was $8.12B, up 6.30% from the average estimate. Based on 16 analysts’ estimates, the company’s revenue will be $9.27B in the next fiscal year. The high estimate is $9.44B and the low estimate is $9.01B. The average revenue growth estimate for next year is up 7.30% from the average revenue estimate for this year.
