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

ICF International, Inc. (NASDAQ:ICFI - Get Free Report) announced a quarterly dividend on Thursday, October 31st, Zacks reports. Shareholders 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. 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 Stock Down 0.5 %

Shares of ICFI stock traded down $0.82 during mid-day trading on Friday, hitting $167.77. 190,302 shares of the stock traded hands, compared to its average volume of 97,563. The stock has a market cap of $3.15 billion, a P/E ratio of 29.49 and a beta of 0.61. The stock's fifty day moving average is $166.94 and its two-hundred day moving average is $152.65. ICF International has a 52-week low of $115.67 and a 52-week high of $178.18. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.19 and a quick ratio of 1.19.

ICF International (NASDAQ:ICFI - Get Free Report) last released its quarterly 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 net margin of 4.98% and a return on equity of 14.37%. The business had revenue of $517.00 million during the quarter, compared to analyst estimates of $528.02 million. During the same period in the prior year, the firm posted $1.81 earnings per share. The company's quarterly revenue was up 3.1% on a year-over-year basis. Equities analysts predict that ICF International will post 7.06 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on ICFI. Truist Financial upped their price objective on shares of ICF International from $155.00 to $180.00 and gave the company a "hold" rating in a report on Friday. Barrington Research restated an "outperform" rating and set a $174.00 price objective on shares of ICF International in a report on Friday, September 20th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, ICF International has an average rating of "Moderate Buy" and an average target price of $166.00.

Insider Buying and Selling

In related news, EVP Anne F. Choate sold 1,368 shares of the stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $165.00, for a total value of $225,720.00. Following the transaction, the executive vice president now owns 3,417 shares in the company, valued at approximately $563,805. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, EVP Anne F. Choate sold 1,368 shares of the stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $165.00, for a total value of $225,720.00. Following the transaction, the executive vice president now owns 3,417 shares in the company, valued at approximately $563,805. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO John Wasson sold 1,417 shares of the firm's stock in a transaction that occurred 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 directly owns 52,605 shares in the company, valued at $8,687,189.70. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,285 shares of company stock worth $897,398. 1.39% of the stock is owned by company insiders.

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.