ICF International (NASDAQ:ICFI) Issues FY24 Earnings Guidance

ICF International (NASDAQ:ICFI) issued an update on its FY24 earnings guidance on Thursday morning. The company provided EPS guidance of $7.40-$7.50 for the period, compared to the consensus EPS estimate of $7.08.

Analysts Set New Price Targets

Separately, Barrington Research restated an “outperform” rating and issued a $174.00 price objective on shares of ICF International in a report on Friday, September 20th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $159.75.

ICF International Trading Down 1.5 %

Shares of ICFI traded down $2.51 during trading hours on Thursday, hitting $168.59. 94,378 shares of the stock were exchanged, compared to its average volume of 97,050. The firm has a market capitalization of $3.16 billion, a P/E ratio of 32.66 and a beta of 0.61. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.19 and a quick ratio of 1.19. ICF International has a fifty-two week low of $115.67 and a fifty-two week high of $178.18. The business has a 50-day moving average of $166.67 and a 200-day moving average of $152.35.

ICF International (NASDAQ:ICFI) last announced its quarterly earnings data on Thursday, August 1st. The business services provider reported $1.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.49 by $0.20. ICF International had a return on equity of 14.37% and a net margin of 4.98%. The company had revenue of $512.03 million for the quarter, compared to the consensus estimate of $505.70 million. During the same period in the previous year, the business earned $1.57 EPS. The firm’s revenue was up 2.4% compared to the same quarter last year. On average, research analysts expect that ICF International will post 7.06 EPS for the current year.

Insider Buying and Selling at ICF International

In other ICF International news, EVP Anne F. Choate sold 1,368 shares of the firm’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $165.00, for a total value of $225,720.00. Following the transaction, the executive vice president now directly owns 3,417 shares of the company’s stock, valued at approximately $563,805. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, COO James C. M. Morgan sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $175.07, for a total transaction of $437,675.00. Following the transaction, the chief operating officer now directly owns 37,663 shares of the company’s stock, valued at $6,593,661.41. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Anne F. Choate sold 1,368 shares of the business’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $165.00, for a total transaction of $225,720.00. Following the transaction, the executive vice president now owns 3,417 shares in the company, valued at approximately $563,805. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,785 shares of company stock valued at $1,278,648. Company insiders own 1.39% of the company’s stock.

About ICF International

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.