ICF International (NASDAQ:ICFI) Releases Earnings Results, Beats Estimates By $0.36 EPS

ICF International (NASDAQ:ICFI - Get Free Report) posted its quarterly earnings data on Friday. The business services provider reported $2.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.77 by $0.36, Briefing.com reports. The business had revenue of $517.00 million during the quarter, compared to the consensus estimate of $528.02 million. ICF International had a return on equity of 14.88% and a net margin of 5.38%. ICF International's quarterly revenue was up 3.1% on a year-over-year basis. During the same period last year, the company earned $1.81 earnings per share.

ICF International Stock Performance

Shares of NASDAQ ICFI opened at $169.51 on Tuesday. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.46. ICF International has a 12 month low of $124.46 and a 12 month high of $178.18. The stock has a 50 day moving average of $166.94 and a 200-day moving average of $152.83. The company has a market capitalization of $3.18 billion, a P/E ratio of 29.79 and a beta of 0.61.

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 paid a dividend of $0.14 per share. 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 is currently 9.84%.

Insider Transactions at ICF International

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

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Truist Financial increased their price objective on ICF International from $155.00 to $180.00 and gave the stock a "hold" rating in a report on Friday. Barrington Research restated an "outperform" rating and issued a $174.00 price target on shares of ICF International in a research note on Friday, September 20th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, ICF International presently has a consensus rating of "Moderate Buy" and a consensus price target of $166.00.

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.