ICF International (NASDAQ:ICFI) Announces Earnings Results


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ICF International (NASDAQ:ICFI) announced its quarterly earnings data on Tuesday. The business services provider reported $1.13 EPS for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.28, MarketWatch Earnings reports. The company had revenue of $378.40 million during the quarter, compared to the consensus estimate of $362.07 million. ICF International had a net margin of 4.19% and a return on equity of 10.77%. ICF International’s quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.83 EPS. ICF International updated its FY 2021 guidance to 4.350-4.650 EPS and its FY21 guidance to $4.35-4.65 bln EPS.

NASDAQ:ICFI traded down $0.95 during mid-day trading on Tuesday, hitting $91.09. 64,832 shares of the company’s stock traded hands, compared to its average volume of 76,280. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.34 and a current ratio of 1.34. The firm’s 50 day simple moving average is $90.37 and its 200 day simple moving average is $80.58. ICF International has a 1 year low of $51.48 and a 1 year high of $94.19. The company has a market cap of $1.72 billion, a PE ratio of 28.58, a price-to-earnings-growth ratio of 1.77 and a beta of 0.58.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 13th. Shareholders of record on Friday, March 26th were issued a dividend of $0.14 per share. The ex-dividend date was Thursday, March 25th. This represents a $0.56 annualized dividend and a yield of 0.61%. ICF International’s dividend payout ratio (DPR) is currently 13.49%.

A number of equities analysts have recently issued reports on the stock. Truist Securities increased their price target on shares of ICF International from $102.00 to $118.00 and gave the company a “buy” rating in a report on Thursday, April 1st. Truist Financial increased their price target on shares of ICF International from $102.00 to $118.00 in a report on Thursday, April 1st. Barrington Research increased their price target on shares of ICF International from $88.00 to $96.00 in a report on Thursday, March 4th. Truist increased their price target on shares of ICF International from $95.00 to $102.00 in a report on Friday, January 15th. Finally, Canaccord Genuity increased their price target on shares of ICF International from $80.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, March 4th. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. ICF International currently has an average rating of “Buy” and an average target price of $97.75.

In other ICF International news, insider James C. M. Morgan sold 7,753 shares of the firm’s stock in a transaction dated Friday, February 26th. The shares were sold at an average price of $88.03, for a total transaction of $682,496.59. Also, insider James C. M. Morgan sold 2,500 shares of the firm’s stock in a transaction dated Friday, April 9th. The stock was sold at an average price of $90.50, for a total transaction of $226,250.00. Following the sale, the insider now directly owns 49,254 shares in the company, valued at $4,457,487. The disclosure for this sale can be found here. Company insiders own 4.25% of the company’s stock.

ICF International Company Profile

ICF International, Inc provides management, marketing, 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, market, business, communication, and technology challenges.

Further Reading: What is Considered a Good Return on Equity (ROE)?

Earnings History for ICF International (NASDAQ:ICFI)

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