ICF International (NASDAQ:ICFI) Issues FY 2024 Earnings Guidance

ICF International (NASDAQ:ICFI) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided EPS guidance of 6.950-7.250 for the period, compared to the consensus EPS estimate of 6.770. The company issued revenue guidance of -.

ICF International Stock Performance

ICFI stock traded down $1.08 on Thursday, hitting $146.02. The company’s stock had a trading volume of 124,665 shares, compared to its average volume of 102,721. The firm has a 50 day moving average of $140.75 and a two-hundred day moving average of $144.38. ICF International has a 1 year low of $115.67 and a 1 year high of $158.00. The stock has a market cap of $2.74 billion, a price-to-earnings ratio of 29.90 and a beta of 0.60. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.50.

ICF International (NASDAQ:ICFI) last announced its quarterly earnings data on Thursday, May 2nd. The business services provider reported $1.77 EPS for the quarter, topping analysts’ consensus estimates of $1.44 by $0.33. The company had revenue of $494.44 million during the quarter, compared to the consensus estimate of $487.95 million. ICF International had a net margin of 4.74% and a return on equity of 14.42%. ICF International’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.42 EPS. Equities analysts predict that ICF International will post 6.79 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have commented on ICFI. Barrington Research restated an outperform rating and set a $173.00 price objective on shares of ICF International in a research report on Friday, May 31st. William Blair raised shares of ICF International from a market perform rating to an outperform rating in a research note on Monday, June 24th. Finally, Truist Financial cut shares of ICF International from a buy rating to a hold rating and lowered their price objective for the company from $168.00 to $155.00 in a research note on Monday, July 1st. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of Moderate Buy and an average target price of $159.50.

Insiders Place Their Bets

In other ICF International news, CEO John Wasson sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $135.09, for a total transaction of $405,270.00. Following the sale, the chief executive officer now directly owns 19,045 shares of the company’s stock, valued at approximately $2,572,789.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Anne F. Choate sold 1,481 shares of the stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $133.89, for a total transaction of $198,291.09. Following the transaction, the executive vice president now directly owns 4,785 shares in the company, valued at approximately $640,663.65. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO John Wasson sold 3,000 shares of the stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $135.09, for a total transaction of $405,270.00. Following the transaction, the chief executive officer now owns 19,045 shares in the company, valued at $2,572,789.05. The disclosure for this sale can be found here. 1.39% of the stock is owned by corporate insiders.

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.