FY2024 EPS Estimates for ICF International, Inc. Increased by Analyst (NASDAQ:ICFI)

ICF International, Inc. (NASDAQ:ICFI) – William Blair upped their FY2024 earnings per share (EPS) estimates for shares of ICF International in a research note issued to investors on Thursday, May 2nd. William Blair analyst T. Mulrooney now forecasts that the business services provider will earn $6.83 per share for the year, up from their prior forecast of $6.75. The consensus estimate for ICF International’s current full-year earnings is $6.80 per share.

ICFI has been the topic of a number of other reports. Truist Financial lifted their price objective on shares of ICF International from $148.00 to $168.00 and gave the company a “buy” rating in a research report on Wednesday, February 28th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $170.00 target price on shares of ICF International in a report on Tuesday, February 20th. Finally, Barrington Research increased their price target on shares of ICF International from $145.00 to $173.00 and gave the stock an “outperform” rating in a report on Monday, March 4th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, ICF International currently has an average rating of “Moderate Buy” and a consensus target price of $162.75.

ICF International Stock Down 0.3 %

ICFI stock opened at $150.60 on Monday. The company has a market cap of $2.82 billion, a price-to-earnings ratio of 30.61 and a beta of 0.61. The company has a fifty day moving average price of $148.09 and a 200 day moving average price of $140.32. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.19 and a quick ratio of 1.19. ICF International has a 12 month low of $108.58 and a 12 month high of $158.00.

ICF International (NASDAQ:ICFI) last issued its quarterly earnings data on Thursday, May 2nd. The business services provider reported $1.77 earnings per share for the quarter, beating analysts’ consensus estimates of $1.44 by $0.33. The company had revenue of $494.44 million during the quarter, compared to analysts’ expectations of $487.95 million. ICF International had a return on equity of 14.42% and a net margin of 4.74%. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.42 earnings per share.

Institutional Investors Weigh In On ICF International

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Whittier Trust Co. acquired a new position in shares of ICF International in the first quarter worth $25,000. SG Americas Securities LLC purchased a new stake in ICF International during the 1st quarter worth about $167,000. First National Advisers LLC acquired a new position in ICF International in the 3rd quarter valued at about $202,000. Handelsbanken Fonder AB lifted its holdings in ICF International by 26.2% in the 4th quarter. Handelsbanken Fonder AB now owns 4,822 shares of the business services provider’s stock valued at $647,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Trust Point Inc. acquired a new stake in shares of ICF International during the 4th quarter worth about $995,000. Hedge funds and other institutional investors own 94.12% of the company’s stock.

Insider Buying and Selling

In related news, COO James C. M. Morgan sold 2,400 shares of the stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $155.17, for a total value of $372,408.00. Following the sale, the chief operating officer now directly owns 39,814 shares of the company’s stock, valued at approximately $6,177,938.38. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 1.38% of the company’s stock.

ICF International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Friday, June 7th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 0.37%. The ex-dividend date of this dividend is Friday, June 7th. ICF International’s dividend payout ratio (DPR) is 11.38%.

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.