Zacks Research Has Positive Outlook of ICFI FY2024 Earnings

ICF International, Inc. (NASDAQ:ICFI - Free Report) - Zacks Research boosted their FY2024 earnings estimates for shares of ICF International in a research report issued to clients and investors on Wednesday, November 20th. Zacks Research analyst A. Bose now forecasts that the business services provider will post earnings per share of $7.42 for the year, up from their previous forecast of $6.97. The consensus estimate for ICF International's current full-year earnings is $7.45 per share. Zacks Research also issued estimates for ICF International's Q4 2024 earnings at $1.83 EPS, Q1 2025 earnings at $1.83 EPS, Q3 2025 earnings at $2.09 EPS, FY2025 earnings at $7.84 EPS, Q2 2026 earnings at $2.22 EPS and FY2026 earnings at $9.01 EPS.

ICF International (NASDAQ:ICFI - Get Free Report) last released its earnings results on Friday, November 1st. The business services provider reported $2.13 EPS for the quarter, topping analysts' consensus estimates of $1.77 by $0.36. The company had revenue of $517.00 million for the quarter, compared to analysts' expectations of $528.02 million. ICF International had a net margin of 5.38% and a return on equity of 14.68%. The firm's revenue was up 3.1% compared to the same quarter last year. During the same quarter last year, the business earned $1.81 EPS.

ICFI has been the topic of a number of other reports. Barrington Research reiterated an "outperform" rating and issued a $174.00 price target on shares of ICF International in a report on Friday, September 20th. Truist Financial lowered their price target on shares of ICF International from $180.00 to $140.00 and set a "hold" rating for the company in a report on Friday. Sidoti raised ICF International from a "neutral" rating to a "buy" rating and set a $185.00 price objective on the stock in a research note on Tuesday. Finally, StockNews.com raised ICF International from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, November 12th. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $167.25.

ICF International Price Performance

Shares of ICFI traded down $1.60 during trading hours on Friday, reaching $133.93. 106,211 shares of the stock traded hands, compared to its average volume of 108,663. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.43. ICF International has a 52-week low of $128.28 and a 52-week high of $179.67. The company's 50-day moving average price is $165.05 and its two-hundred day moving average price is $154.02. The company has a market cap of $2.51 billion, a P/E ratio of 23.54 and a beta of 0.61.

Institutional Investors Weigh In On ICF International

A number of large investors have recently bought and sold shares of the company. Geode Capital Management LLC lifted its stake in ICF International by 4.3% during the 3rd quarter. Geode Capital Management LLC now owns 440,985 shares of the business services provider's stock valued at $73,566,000 after acquiring an additional 18,109 shares during the period. Pier Capital LLC purchased a new position in shares of ICF International during the third quarter worth $6,579,000. Systematic Financial Management LP lifted its position in ICF International by 0.9% during the third quarter. Systematic Financial Management LP now owns 279,048 shares of the business services provider's stock valued at $46,542,000 after purchasing an additional 2,484 shares during the period. Captrust Financial Advisors boosted its holdings in ICF International by 36.5% in the third quarter. Captrust Financial Advisors now owns 3,617 shares of the business services provider's stock valued at $603,000 after purchasing an additional 967 shares during the last quarter. Finally, Martingale Asset Management L P lifted its holdings in shares of ICF International by 25.5% in the 3rd quarter. Martingale Asset Management L P now owns 3,399 shares of the business services provider's stock valued at $567,000 after buying an additional 690 shares during the period. Hedge funds and other institutional investors own 94.12% of the company's stock.

Insider Activity

In other ICF International news, Director Scott B. Salmirs purchased 400 shares of the stock in a transaction on Monday, November 18th. The stock was acquired at an average price of $138.38 per share, with a total value of $55,352.00. Following the completion of the acquisition, the director now owns 5,803 shares in the company, valued at $803,019.14. The trade was a 7.40 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO James C. M. Morgan sold 2,500 shares of the business's stock in a transaction that occurred 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 directly owns 37,663 shares in the company, valued at approximately $6,593,661.41. This represents a 6.22 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 6,823 shares of company stock worth $1,165,078. Corporate insiders own 1.39% of the company's stock.

ICF International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Friday, December 6th will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 0.42%. The ex-dividend date of this dividend is Friday, December 6th. ICF International's payout ratio is 9.84%.

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.