Equities Analysts Issue Forecasts for ICFI FY2024 Earnings

ICF International, Inc. (NASDAQ:ICFI) – Investment analysts at Barrington Research raised their FY2024 EPS estimates for ICF International in a report issued on Monday, December 16th. Barrington Research analyst K. Steinke now anticipates that the business services provider will post earnings of $7.44 per share for the year, up from their previous forecast of $7.05. Barrington Research has a “Outperform” rating and a $174.00 price target on the stock. The consensus estimate for ICF International’s current full-year earnings is $7.35 per share. Barrington Research also issued estimates for ICF International’s Q4 2024 earnings at $1.85 EPS and FY2025 earnings at $8.15 EPS.

Several other equities research analysts have also weighed in on ICFI. Truist Financial dropped their price target on ICF International from $180.00 to $140.00 and set a “hold” rating on the stock in a research report on Friday, November 22nd. D. Boral Capital restated an “outperform” rating and set a $174.00 target price on shares of ICF International in a report on Monday. StockNews.com downgraded shares of ICF International from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 27th. Finally, Sidoti raised shares of ICF International from a “neutral” rating to a “buy” rating and set a $185.00 price target for the company in a research report on Tuesday, November 19th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $168.60.

ICF International Stock Up 0.3 %

ICFI stock opened at $122.73 on Wednesday. ICF International has a fifty-two week low of $121.04 and a fifty-two week high of $179.67. The company has a market capitalization of $2.30 billion, a price-to-earnings ratio of 21.57 and a beta of 0.54. The business’s 50 day moving average price is $150.94 and its two-hundred day moving average price is $151.99. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.21 and a current ratio of 1.21.

ICF International (NASDAQ:ICFI) last announced its quarterly earnings results on Friday, November 1st. The business services provider reported $2.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.77 by $0.36. ICF International had a net margin of 5.38% and a return on equity of 14.68%. The company had revenue of $517.00 million for the quarter, compared to analysts’ expectations of $528.02 million. During the same quarter in the previous year, the company earned $1.81 earnings per share. ICF International’s quarterly revenue was up 3.1% on a year-over-year basis.

ICF International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Friday, December 6th will be paid a $0.14 dividend. The ex-dividend date is Friday, December 6th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.46%. ICF International’s dividend payout ratio is currently 9.84%.

Insider Activity

In related news, COO James C. M. Morgan sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $175.07, for a total transaction of $437,675.00. Following the completion of the sale, the chief operating officer now owns 37,663 shares of the company’s stock, valued at $6,593,661.41. This trade represents a 6.22 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Scott B. Salmirs acquired 400 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was acquired at an average cost of $138.38 per share, for a total transaction of $55,352.00. Following the completion of the transaction, the director now directly owns 5,803 shares in the company, valued at $803,019.14. This represents a 7.40 % increase in their position. The disclosure for this purchase can be found here. Insiders sold 4,038 shares of company stock worth $705,355 over the last three months. 1.39% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On ICF International

Large investors have recently bought and sold shares of the business. Farther Finance Advisors LLC lifted its stake in ICF International by 13.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 502 shares of the business services provider’s stock valued at $84,000 after acquiring an additional 58 shares during the period. Chartwell Investment Partners LLC lifted its position in ICF International by 0.8% during the third quarter. Chartwell Investment Partners LLC now owns 8,255 shares of the business services provider’s stock valued at $1,377,000 after purchasing an additional 67 shares during the period. Rhumbline Advisers lifted its position in ICF International by 0.9% during the second quarter. Rhumbline Advisers now owns 27,487 shares of the business services provider’s stock valued at $4,081,000 after purchasing an additional 247 shares during the period. Martingale Asset Management L P boosted its holdings in ICF International by 25.5% in the third quarter. Martingale Asset Management L P now owns 3,399 shares of the business services provider’s stock worth $567,000 after purchasing an additional 690 shares during the last quarter. Finally, Captrust Financial Advisors grew its position in ICF International by 36.5% in the 3rd quarter. Captrust Financial Advisors now owns 3,617 shares of the business services provider’s stock worth $603,000 after purchasing an additional 967 shares during the period. 94.12% of the stock is currently owned by institutional investors.

ICF International Company Profile

ICF International, Inc provides management, technology, and policy consulting and implementation services to government and commercial clients in the United States and internationally. The company researches critical policy, industry, stakeholder issues, trends, and behaviors; measures and evaluates results and their impact; and provides strategic planning and advisory services to its clients on how to navigate societal, business, market, business, communication, and technology challenges.