Equities Analysts Offer Predictions for ICF International, Inc.’s Q3 2024 Earnings (NASDAQ:ICFI)

ICF International, Inc. (NASDAQ:ICFI) – Research analysts at William Blair upped their Q3 2024 earnings per share estimates for ICF International in a report released on Friday, August 2nd. William Blair analyst T. Mulrooney now anticipates that the business services provider will earn $1.87 per share for the quarter, up from their previous forecast of $1.75. William Blair has a “Outperform” rating on the stock. The consensus estimate for ICF International’s current full-year earnings is $6.79 per share. William Blair also issued estimates for ICF International’s Q4 2024 earnings at $1.80 EPS, FY2024 earnings at $7.13 EPS, Q1 2025 earnings at $1.74 EPS, Q2 2025 earnings at $1.84 EPS, Q3 2025 earnings at $2.10 EPS and Q4 2025 earnings at $2.05 EPS.

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, topping the consensus estimate of $1.49 by $0.20. ICF International had a return on equity of 14.50% and a net margin of 4.98%. The firm had revenue of $512.03 million for the quarter, compared to analysts’ expectations of $505.70 million. During the same period last year, the business posted $1.57 earnings per share. The firm’s revenue for the quarter was up 2.4% on a year-over-year basis.

A number of other brokerages have also recently weighed in on ICFI. Truist Financial cut ICF International from a “buy” rating to a “hold” rating and dropped their price target for the stock from $168.00 to $155.00 in a research report on Monday, July 1st. Barrington Research reaffirmed an “outperform” rating and issued a $173.00 target price on shares of ICF International in a research report on Friday, May 31st. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $159.50.

ICF International Price Performance

ICFI opened at $153.50 on Monday. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.50. The company’s 50-day moving average price is $141.57 and its 200 day moving average price is $145.09. ICF International has a fifty-two week low of $115.67 and a fifty-two week high of $161.01. The firm has a market cap of $2.88 billion, a price-to-earnings ratio of 31.20 and a beta of 0.60.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of ICFI. TimesSquare Capital Management LLC acquired a new stake in ICF International in the 4th quarter valued at about $16,126,000. Congress Asset Management Co. MA lifted its stake in ICF International by 14.7% during the first quarter. Congress Asset Management Co. MA now owns 309,689 shares of the business services provider’s stock valued at $46,648,000 after purchasing an additional 39,709 shares during the last quarter. SG Americas Securities LLC boosted its holdings in ICF International by 730.3% during the second quarter. SG Americas Securities LLC now owns 9,225 shares of the business services provider’s stock worth $1,370,000 after buying an additional 8,114 shares in the last quarter. Strs Ohio grew its position in ICF International by 14.9% in the fourth quarter. Strs Ohio now owns 54,816 shares of the business services provider’s stock worth $7,350,000 after buying an additional 7,100 shares during the last quarter. Finally, Clearbridge Investments LLC grew its position in ICF International by 2.5% in the first quarter. Clearbridge Investments LLC now owns 127,381 shares of the business services provider’s stock worth $19,187,000 after buying an additional 3,070 shares during the last quarter. Institutional investors own 94.12% of the company’s stock.

Insider Activity at ICF International

In related news, COO James C. M. Morgan sold 2,500 shares of ICF International stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $152.50, for a total transaction of $381,250.00. Following the sale, the chief operating officer now directly owns 40,163 shares in the company, valued at $6,124,857.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, COO James C. M. Morgan sold 2,500 shares of the stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $152.50, for a total value of $381,250.00. Following the completion of the transaction, the chief operating officer now directly owns 40,163 shares in the company, valued at $6,124,857.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Anne F. Choate sold 1,481 shares of the business’s stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $133.89, for a total value of $198,291.09. Following the sale, the executive vice president now directly owns 4,785 shares in the company, valued at approximately $640,663.65. The disclosure for this sale can be found here. Insiders have sold a total of 6,981 shares of company stock worth $984,811 in the last three months. 1.39% of the stock is owned by company insiders.

ICF International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 6th will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 0.36%. The ex-dividend date of this dividend is Friday, September 6th. ICF International’s dividend payout ratio (DPR) is 11.38%.

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.