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

ICF International (NASDAQ:ICFI) updated its FY 2024 earnings guidance on Thursday. 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 -.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. William Blair raised ICF International from a market perform rating to an outperform rating in a research note on Monday, June 24th. Truist Financial cut ICF International from a buy rating to a hold rating and reduced their price objective for the stock from $168.00 to $155.00 in a research note on Monday, July 1st. Finally, Barrington Research reaffirmed an outperform rating and set a $173.00 target price on shares of ICF International in a research note on Friday, May 31st. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average target price of $159.50.

ICF International Trading Up 9.9 %

Shares of ICFI traded up $14.39 during mid-day trading on Friday, reaching $160.41. 227,844 shares of the company’s stock traded hands, compared to its average volume of 148,129. The stock has a market cap of $3.01 billion, a P/E ratio of 32.60 and a beta of 0.60. The stock’s 50-day moving average is $141.14 and its two-hundred day moving average is $144.77. ICF International has a 12 month low of $115.67 and a 12 month high of $161.01. 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 (NASDAQ:ICFI) last announced its quarterly earnings results on Thursday, August 1st. The business services provider reported $1.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.17. The firm had revenue of $512.03 million during the quarter, compared to analyst estimates of $505.70 million. ICF International had a return on equity of 14.50% and a net margin of 4.98%. ICF International’s quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.57 earnings per share. Research analysts forecast that ICF International will post 6.79 earnings per share for the current fiscal year.

ICF International Dividend Announcement

The company also recently declared 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. The ex-dividend date is Friday, September 6th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.35%. ICF International’s payout ratio is 11.38%.

Insider Activity at ICF International

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