ICF International, Inc. (NASDAQ:ICFI) to Issue Quarterly Dividend of $0.14

ICF International, Inc. (NASDAQ:ICFI - Get Free Report) declared a quarterly dividend on Thursday, February 27th, Wall Street Journal reports. Investors of record on Friday, March 28th will be given a dividend of 0.14 per share by the business services provider on Monday, April 14th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date of this dividend is Friday, March 28th.

ICF International has a payout ratio of 7.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect ICF International to earn $8.13 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 6.9%.

ICF International Stock Up 4.1 %

ICFI stock traded up $3.18 during mid-day trading on Tuesday, reaching $80.86. The company had a trading volume of 556,528 shares, compared to its average volume of 315,598. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.21 and a quick ratio of 1.21. ICF International has a 52 week low of $75.91 and a 52 week high of $179.67. The stock has a 50 day simple moving average of $114.47 and a two-hundred day simple moving average of $141.21. The company has a market capitalization of $1.52 billion, a price-to-earnings ratio of 14.21 and a beta of 0.56.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Canaccord Genuity Group reaffirmed a "hold" rating and set a $100.00 price target (down from $200.00) on shares of ICF International in a research note on Friday. Truist Financial reduced their target price on ICF International from $180.00 to $140.00 and set a "hold" rating for the company in a report on Friday, November 22nd. Barrington Research reduced their price objective on ICF International from $174.00 to $102.00 and set an "outperform" rating for the company in a report on Monday. Sidoti raised ICF International from a "neutral" rating to a "buy" rating and set a $185.00 price target for the company in a report on Tuesday, November 19th. Finally, StockNews.com downgraded ICF International from a "buy" rating to a "hold" rating in a research report on Monday. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $140.20.

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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.