ICF International, Inc. (NASDAQ:ICFI) Plans $0.14 Quarterly Dividend

ICF International, Inc. (NASDAQ:ICFI) declared a quarterly dividend on Thursday, October 31st, Zacks reports. Stockholders of record on Friday, December 6th will be given a dividend of 0.14 per share by the business services provider on Friday, January 10th. This represents a $0.56 annualized dividend and a dividend yield of 0.33%. The ex-dividend date of this dividend is Friday, December 6th.

ICF International has a dividend payout ratio of 7.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect ICF International to earn $7.80 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 7.2%.

ICF International Price Performance

ICFI stock traded down $0.82 during midday trading on Friday, reaching $167.77. The stock had a trading volume of 190,302 shares, compared to its average volume of 97,563. ICF International has a 52-week low of $115.67 and a 52-week high of $178.18. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.46. The company’s fifty day simple moving average is $166.94 and its 200 day simple moving average is $152.65. The company has a market cap of $3.15 billion, a price-to-earnings ratio of 32.20 and a beta of 0.61.

ICF International (NASDAQ:ICFI) last posted its quarterly earnings results on Thursday, October 31st. The business services provider reported $2.13 earnings per share for the quarter, topping the consensus estimate of $1.81 by $0.32. The firm had revenue of $517.00 million for the quarter, compared to the consensus estimate of $528.02 million. ICF International had a net margin of 4.98% and a return on equity of 14.37%. The company’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same period last year, the firm posted $1.81 earnings per share. As a group, sell-side analysts predict that ICF International will post 7.06 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Anne F. Choate sold 1,368 shares of ICF International stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $165.00, for a total transaction of $225,720.00. Following the sale, the executive vice president now owns 3,417 shares in the company, valued at approximately $563,805. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, COO James C. M. Morgan sold 2,500 shares of the stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $175.07, for a total transaction of $437,675.00. Following the completion of the sale, the chief operating officer now directly owns 37,663 shares of the company’s stock, valued at $6,593,661.41. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Anne F. Choate sold 1,368 shares of the business’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $165.00, for a total transaction of $225,720.00. Following the completion of the transaction, the executive vice president now directly owns 3,417 shares in the company, valued at $563,805. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,285 shares of company stock worth $897,398. Corporate insiders own 1.39% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on ICFI. Barrington Research reaffirmed an “outperform” rating and issued a $174.00 price target on shares of ICF International in a report on Friday, September 20th. Truist Financial raised their price target on shares of ICF International from $155.00 to $180.00 and gave the stock a “hold” rating in a report on Friday. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $166.00.

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.