ICF International (NASDAQ:ICFI) Issues Earnings Results, Beats Estimates By $0.32 EPS

ICF International (NASDAQ:ICFI) released its quarterly earnings data on Thursday. The business services provider reported $2.13 EPS for the quarter, beating analysts’ consensus estimates of $1.81 by $0.32, Briefing.com reports. ICF International had a return on equity of 14.88% and a net margin of 5.38%. The firm had revenue of $517.00 million for the quarter, compared to analysts’ expectations of $528.02 million. During the same period in the prior year, the firm posted $1.81 earnings per share. The firm’s quarterly revenue was up 3.1% on a year-over-year basis. ICF International updated its FY24 guidance to $7.40-$7.50 EPS and its FY 2024 guidance to 7.400-7.500 EPS.

ICF International Stock Down 0.5 %

ICF International stock opened at $167.77 on Friday. ICF International has a twelve month low of $115.67 and a twelve month high of $178.18. The stock’s fifty day simple moving average is $166.94 and its 200-day simple moving average is $152.65. 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 firm has a market capitalization of $3.15 billion, a P/E ratio of 29.49 and a beta of 0.61.

ICF International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Friday, December 6th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.33%. The ex-dividend date is Friday, December 6th. ICF International’s dividend payout ratio is currently 9.84%.

Insider Transactions at ICF International

In other news, COO James C. M. Morgan sold 2,500 shares of the company’s 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 sale, the chief operating officer now owns 37,663 shares of the company’s stock, valued at approximately $6,593,661.41. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO John Wasson sold 1,417 shares of the company’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $165.14, for a total transaction of $234,003.38. Following the sale, the chief executive officer now owns 52,605 shares of the company’s stock, valued at approximately $8,687,189.70. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO James C. M. Morgan sold 2,500 shares of the 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 completion of 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 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,285 shares of company stock valued at $897,398. 1.39% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have commented on ICFI shares. Barrington Research restated an “outperform” rating and set a $174.00 price target on shares of ICF International in a research note on Friday, September 20th. Truist Financial upped their price target on ICF International from $155.00 to $180.00 and gave the stock a “hold” rating in a research note on Friday. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus 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.