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ICON plc (ICLR) is a public company that is listed on the NASDAQ stock exchange in the United States. The company is a global provider of clinical research services and technology solutions to pharmaceutical, biotechnology, and medical device industries.
ICLR has a market capitalization of approximately $8.5 billion as of February 2023. The company's stock has performed well over the past year, with a year-to-date return of around 18% as of February 2023.
ICLR's earnings have been strong, with the company reporting revenue of $2.3 billion in 2021, representing a 16% increase from the previous year. The company's net income for 2021 was $192.7 million, up from $157.5 million in 2020.
ICLR has also seen significant growth in its earnings per share (EPS), with EPS increasing from $2.55 in 2020 to $3.30 in 2021, representing a growth rate of around 30%.
The company has also been actively buying back its own stock, with $250 million in share repurchases authorized in 2021. This represents a significant commitment to returning value to shareholders.
In terms of valuation, ICLR's price-to-earnings (P/E) ratio is around 25.6x, which is slightly above the industry average for clinical research services companies. However, given the company's strong earnings growth and solid market position, some analysts believe that the valuation is justified.
Overall, ICLR is a well-established player in the clinical research services industry, with a strong track record of earnings growth and solid financial performance. While the stock's valuation may be somewhat elevated, the company's strong fundamentals and growth prospects make it a compelling investment opportunity for many investors.