William Blair Predicts Higher Earnings for ICF International

ICF International, Inc. (NASDAQ:ICFI - Free Report) - Equities researchers at William Blair boosted their FY2024 earnings per share (EPS) estimates for shares of ICF International in a note issued to investors on Thursday, October 31st. William Blair analyst T. Mulrooney now expects that the business services provider will earn $7.42 per share for the year, up from their prior estimate of $7.13. The consensus estimate for ICF International's current full-year earnings is $7.06 per share. William Blair also issued estimates for ICF International's Q4 2024 earnings at $1.83 EPS, Q1 2025 earnings at $1.85 EPS, Q2 2025 earnings at $2.00 EPS, Q3 2025 earnings at $2.15 EPS, Q4 2025 earnings at $2.07 EPS and FY2025 earnings at $8.07 EPS.

A number of other equities analysts have also issued reports on the company. Truist Financial increased their price target on ICF International from $155.00 to $180.00 and gave the company a "hold" rating in a research note on Friday. Barrington Research reaffirmed an "outperform" rating and set a $174.00 price target on shares of ICF International in a research note on Friday, September 20th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, ICF International currently has a consensus rating of "Moderate Buy" and an average target price of $166.00.

ICF International Price Performance

NASDAQ ICFI traded up $1.74 on Monday, reaching $169.51. 116,709 shares of the stock traded hands, compared to its average volume of 97,653. The firm's fifty day simple moving average is $166.94 and its 200 day simple moving average is $152.83. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.46. The company has a market cap of $3.18 billion, a price-to-earnings ratio of 29.79 and a beta of 0.61. ICF International has a 12 month low of $124.46 and a 12 month high of $178.18.

ICF International (NASDAQ:ICFI - Get Free Report) last posted its earnings results on Thursday, October 31st. The business services provider reported $2.13 EPS for the quarter, beating the consensus estimate of $1.81 by $0.32. 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 last year, the firm earned $1.81 EPS. The firm's revenue was up 3.1% compared to the same quarter last year.

ICF International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Friday, December 6th will be given a $0.14 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.56 annualized dividend and a dividend yield of 0.33%. ICF International's dividend payout ratio (DPR) is presently 9.84%.

Insider Transactions at ICF International

In other news, CEO John Wasson sold 1,417 shares of the firm's stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $165.14, for a total value of $234,003.38. Following the completion of the sale, the chief executive officer now owns 52,605 shares of the company's stock, valued at $8,687,189.70. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, CEO John Wasson sold 1,417 shares of the firm's stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $165.14, for a total value of $234,003.38. Following the completion of the sale, the chief executive officer now owns 52,605 shares of the company's stock, valued at $8,687,189.70. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Anne F. Choate sold 1,368 shares of the stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $165.00, for a total value of $225,720.00. Following the sale, the executive vice president now owns 3,417 shares of the company's stock, valued at approximately $563,805. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,285 shares of company stock valued at $897,398 over the last quarter. Company insiders own 1.39% of the company's stock.

Institutional Trading of ICF International

Several hedge funds and other institutional investors have recently modified their holdings of ICFI. Whittier Trust Co. bought a new position in ICF International during the first quarter valued at about $25,000. Farther Finance Advisors LLC raised its holdings in ICF International by 13.1% during the third quarter. Farther Finance Advisors LLC now owns 502 shares of the business services provider's stock valued at $84,000 after buying an additional 58 shares in the last quarter. SG Americas Securities LLC bought a new position in ICF International during the first quarter valued at about $167,000. Marshall Wace LLP bought a new position in ICF International during the second quarter valued at about $301,000. Finally, AlphaMark Advisors LLC bought a new position in ICF International during the third quarter valued at about $342,000. 94.12% of the stock is currently owned by hedge funds and other institutional investors.

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.