ICF International, Inc. (NASDAQ:ICFI) – Research analysts at Truist Securities decreased their Q1 2022 earnings per share (EPS) estimates for shares of ICF International in a research report issued on Tuesday, January 11th. Truist Securities analyst T. Sommer now forecasts that the business services provider will earn $1.10 per share for the quarter, down from their prior forecast of $1.11. Truist Securities currently has a “Buy” rating and a $135.00 price objective on the stock. Truist Securities also issued estimates for ICF International’s Q2 2022 earnings at $1.24 EPS, Q3 2022 earnings at $1.40 EPS, Q4 2022 earnings at $1.51 EPS, FY2022 earnings at $5.25 EPS and FY2023 earnings at $6.19 EPS.
ICF International (NASDAQ:ICFI) last announced its quarterly earnings results on Tuesday, November 2nd. The business services provider reported $1.32 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.21. The firm had revenue of $394.06 million during the quarter, compared to analysts’ expectations of $384.81 million. ICF International had a net margin of 4.49% and a return on equity of 12.47%. During the same quarter last year, the company posted $1.10 earnings per share.
NASDAQ ICFI opened at $104.33 on Thursday. The firm has a 50-day moving average of $102.99 and a 200-day moving average of $96.29. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.17 and a current ratio of 1.17. The stock has a market cap of $1.97 billion, a PE ratio of 27.67 and a beta of 0.66. ICF International has a 52-week low of $75.44 and a 52-week high of $108.23.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 12th. Investors of record on Friday, December 10th were given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date was Thursday, December 9th. ICF International’s dividend payout ratio is 14.85%.
In other ICF International news, insider James C. M. Morgan sold 3,406 shares of the firm’s stock in a transaction dated Friday, October 29th. The shares were sold at an average price of $100.25, for a total value of $341,451.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO John Wasson sold 5,000 shares of the firm’s stock in a transaction dated Monday, January 10th. The shares were sold at an average price of $102.29, for a total transaction of $511,450.00. The disclosure for this sale can be found here. 4.05% of the stock is currently owned by company insiders.
A number of hedge funds have recently added to or reduced their stakes in ICFI. Systematic Financial Management LP increased its holdings in ICF International by 16.5% in the 2nd quarter. Systematic Financial Management LP now owns 355,260 shares of the business services provider’s stock valued at $31,213,000 after buying an additional 50,305 shares during the period. Putnam Investments LLC bought a new stake in shares of ICF International during the 3rd quarter valued at approximately $3,656,000. Geode Capital Management LLC grew its holdings in shares of ICF International by 4.3% during the 2nd quarter. Geode Capital Management LLC now owns 314,634 shares of the business services provider’s stock valued at $27,643,000 after purchasing an additional 13,018 shares during the last quarter. Strs Ohio grew its holdings in shares of ICF International by 17.0% during the 3rd quarter. Strs Ohio now owns 84,800 shares of the business services provider’s stock valued at $7,571,000 after purchasing an additional 12,300 shares during the last quarter. Finally, Congress Asset Management Co. MA grew its holdings in shares of ICF International by 11.6% during the 3rd quarter. Congress Asset Management Co. MA now owns 113,049 shares of the business services provider’s stock valued at $10,094,000 after purchasing an additional 11,714 shares during the last quarter. 91.12% of the stock is currently owned by hedge funds and other institutional investors.
About ICF International
ICF International, Inc engages in the provision of technology-based solutions and services to government and commercial clients. It serves the Energy, Environment, and Infrastructure; Health, Education, and Social Programs; Safety and Security; and Consumer and Financial markets. The company was founded in 1969 and is headquartered in Fairfax, VA.
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