ICF International (NASDAQ:ICFI) Issues FY24 Earnings Guidance

ICF International (NASDAQ:ICFI) updated its FY24 earnings guidance on Thursday. The company provided earnings per share guidance of $6.60-6.90 for the period, compared to the consensus earnings per share estimate of $6.75.

ICF International Price Performance

NASDAQ:ICFI traded up $2.16 during trading hours on Friday, reaching $148.43. The company had a trading volume of 70,454 shares, compared to its average volume of 75,060. The stock has a 50-day moving average of $148.24 and a two-hundred day moving average of $139.92. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.46. ICF International has a one year low of $108.58 and a one year high of $158.00. The firm has a market capitalization of $2.78 billion, a PE ratio of 30.17 and a beta of 0.61.

ICF International (NASDAQ:ICFI) last announced its earnings results on Thursday, May 2nd. The business services provider reported $1.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.44 by $0.33. ICF International had a net margin of 4.74% and a return on equity of 14.51%. The company had revenue of $494.44 million for the quarter, compared to analyst estimates of $487.95 million. During the same period in the prior year, the business earned $1.42 earnings per share. ICF International’s quarterly revenue was up 2.3% on a year-over-year basis. Analysts forecast that ICF International will post 6.8 earnings per share for the current year.

ICF International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Friday, June 7th will be issued a dividend of $0.14 per share. The ex-dividend date is Friday, June 7th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.38%. ICF International’s payout ratio is 11.38%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Canaccord Genuity Group reissued a buy rating and set a $170.00 target price on shares of ICF International in a report on Tuesday, February 20th. Truist Financial upped their price target on ICF International from $148.00 to $168.00 and gave the company a buy rating in a research report on Wednesday, February 28th. Finally, Barrington Research raised their price objective on ICF International from $145.00 to $173.00 and gave the stock an outperform rating in a research report on Monday, March 4th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average target price of $162.75.

Insider Transactions at ICF International

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

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.