ICF International (NASDAQ:ICFI) Reaches New 1-Year Low – What’s Next?

ICF International, Inc. (NASDAQ:ICFI)’s share price reached a new 52-week low during trading on Monday . The company traded as low as $118.37 and last traded at $118.37, with a volume of 26979 shares. The stock had previously closed at $119.52.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on ICFI. StockNews.com cut ICF International from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 27th. Sidoti upgraded shares of ICF International from a “neutral” rating to a “buy” rating and set a $185.00 price objective on the stock in a research note on Tuesday, November 19th. Truist Financial dropped their target price on shares of ICF International from $180.00 to $140.00 and set a “hold” rating on the stock in a research report on Friday, November 22nd. Barrington Research restated an “outperform” rating and issued a $174.00 price target on shares of ICF International in a research report on Friday, September 20th. Finally, D. Boral Capital restated an “outperform” rating and set a $174.00 price objective on shares of ICF International in a report on Monday, December 16th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, ICF International presently has a consensus rating of “Moderate Buy” and a consensus price target of $168.60.

ICF International Stock Performance

The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.21 and a current ratio of 1.21. The firm has a market capitalization of $2.23 billion, a price-to-earnings ratio of 20.85 and a beta of 0.54. The firm’s 50-day moving average price is $149.97 and its two-hundred day moving average price is $151.99.

ICF International (NASDAQ:ICFI) last released its quarterly earnings data on Friday, November 1st. The business services provider reported $2.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.77 by $0.36. ICF International had a return on equity of 14.68% and a net margin of 5.38%. The company had revenue of $517.00 million for the quarter, compared to the consensus estimate of $528.02 million. During the same period in the previous year, the business earned $1.81 earnings per share. The company’s quarterly revenue was up 3.1% on a year-over-year basis. Sell-side analysts predict that ICF International, Inc. will post 7.35 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, January 10th. Shareholders of record on Friday, December 6th will be issued a dividend of $0.14 per share. The ex-dividend date is Friday, December 6th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.47%. ICF International’s payout ratio is presently 9.84%.

Insider Buying and Selling

In other news, Director Scott B. Salmirs bought 400 shares of the stock in a transaction dated Monday, November 18th. The stock was bought at an average cost of $138.38 per share, with a total value of $55,352.00. Following the purchase, the director now owns 5,803 shares of the company’s stock, valued at approximately $803,019.14. This represents a 7.40 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO James C. M. Morgan sold 2,500 shares of the company’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $175.07, for a total value of $437,675.00. Following the transaction, the chief operating officer now directly owns 37,663 shares in the company, valued at $6,593,661.41. This trade represents a 6.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 4,038 shares of company stock worth $705,355 in the last quarter. 1.39% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On ICF International

Hedge funds and other institutional investors have recently bought and sold shares of the business. Farther Finance Advisors LLC lifted its stake in shares of ICF International by 13.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 502 shares of the business services provider’s stock valued at $84,000 after purchasing an additional 58 shares during the period. Marshall Wace LLP bought a new stake in ICF International in the second quarter valued at about $301,000. AlphaMark Advisors LLC acquired a new position in ICF International in the third quarter valued at about $342,000. Martingale Asset Management L P boosted its holdings in ICF International by 25.5% during the third quarter. Martingale Asset Management L P now owns 3,399 shares of the business services provider’s stock worth $567,000 after buying an additional 690 shares during the last quarter. Finally, Captrust Financial Advisors grew its position in shares of ICF International by 36.5% during the 3rd quarter. Captrust Financial Advisors now owns 3,617 shares of the business services provider’s stock worth $603,000 after buying an additional 967 shares during the period. 94.12% of the stock is owned by institutional investors.

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.