Icon Plc (ICLR) is expecting -33.66% growth in the next quarter: What can investors do to maximize their returns?

A new trading day began on Friday, with Icon Plc (NASDAQ: ICLR) stock price up 0.70% from the previous day of trading, before settling in for the closing price of $212.76. ICLR’s price has ranged from $183.38 to $347.72 over the past 52 weeks.

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Over the past five-year period, the growth rate of yearbook sales for the company of the Healthcare sector was 29.97%. Meanwhile, its annual earnings per share averaged 9.33%. With a float of $81.89 million, this company’s outstanding shares have now reached $82.50 million.

Considering the fact that the conglomerate employs 41100 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 24.18%, operating margin of 13.67%, and the pretax margin is 9.71%.

Icon Plc (ICLR) Insider Activity

As we move forward, let’s examine how large-scale investors are investing in this stock of the Diagnostics & Research Industry. The insider ownership of Icon Plc is 0.81%, while institutional ownership is 96.54%. The most recent insider transaction that took place on Aug 26 ’24, was worth 3,794,380. Before that another transaction happened on Jul 30 ’24, when Company’s Officer proposed sale 5,969 for $330.42, making the entire transaction worth $1,972,304.

Icon Plc (ICLR) Earnings and Forecasts

In its latest quarterly report, released on 9/30/2024, the company reported earnings of 3.46 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 3.59 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 9.33% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 10.00% during the next five years compared to 4.42% growth over the previous five years of trading.

Icon Plc (NASDAQ: ICLR) Trading Performance Indicators

Here are Icon Plc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.34. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.14. Likewise, its price to free cash flow for the trailing twelve months is 14.50.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 8.98, a number that is poised to hit 3.42 in the next quarter and is forecasted to reach 15.04 in one year’s time.

Technical Analysis of Icon Plc (ICLR)

Compared to the last year’s volume of 0.73 million, its volume of 2.04 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 75.06%. Additionally, its Average True Range was 9.50.

During the past 100 days, Icon Plc’s (ICLR) raw stochastic average was set at 18.78%, which indicates a significant decrease from 63.64% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 49.39% in the past 14 days, which was lower than the 50.02% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $257.93, while its 200-day Moving Average is $302.24. Nevertheless, the first resistance level for the watch stands at $219.66 in the near term. At $225.06, the stock is likely to face the second major resistance level. The third major resistance level sits at $228.79. If the price goes on to break the first support level at $210.53, it is likely to go to the next support level at $206.80. Should the price break the second support level, the third support level stands at $201.40.

Icon Plc (NASDAQ: ICLR) Key Stats

With a market capitalization of 17.81 billion, the company has a total of 82,495K Shares Outstanding. Currently, annual sales are 8,120 M while annual income is 612,340 K. The company’s previous quarter sales were 2,030 M while its latest quarter income was 197,130 K.