ICF International, Inc. to Post Q2 2023 Earnings of $1.43 Per Share, Zacks Research Forecasts (NASDAQ:ICFI)

ICF International, Inc. (NASDAQ:ICFI – Get Rating) – Zacks Research issued their Q2 2023 earnings per share (EPS) estimates for ICF International in a report released on Tuesday, May 23rd. Zacks Research analyst S. Dey anticipates that the business services provider will earn $1.43 per share for the quarter. The consensus estimate for ICF International’s current full-year earnings is $6.30 per share. Zacks Research also issued estimates for ICF International’s Q3 2023 earnings at $1.64 EPS, Q4 2023 earnings at $1.78 EPS, FY2023 earnings at $6.27 EPS, Q1 2024 earnings at $1.65 EPS, Q2 2024 earnings at $1.65 EPS, Q3 2024 earnings at $1.74 EPS, Q4 2024 earnings at $1.92 EPS, FY2024 earnings at $6.96 EPS, Q1 2025 earnings at $1.87 EPS and FY2025 earnings at $8.17 EPS.

ICFI has been the topic of several other reports. Barrington Research lifted their price target on shares of ICF International from $129.00 to $138.00 and gave the company an “outperform” rating in a research note on Monday, March 6th. StockNews.com cut ICF International from a “buy” rating to a “hold” rating in a research report on Thursday, May 11th.

ICF International Stock Performance

Shares of ICF International stock opened at $110.29 on Friday. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.29 and a quick ratio of 1.29. The firm has a market cap of $2.07 billion, a price-to-earnings ratio of 33.22 and a beta of 0.60. The stock’s 50-day moving average is $110.79 and its 200-day moving average is $106.41. ICF International has a one year low of $88.98 and a one year high of $121.28.

ICF International (NASDAQ:ICFI – Get Rating) last issued its quarterly earnings data on Tuesday, May 9th. The business services provider reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.01. The company had revenue of $483.28 million during the quarter, compared to the consensus estimate of $473.96 million. ICF International had a net margin of 3.39% and a return on equity of 13.37%. The firm’s revenue was up 16.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.31 earnings per share.

ICF International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 14th. Stockholders of record on Friday, June 9th will be given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date is Thursday, June 8th. ICF International’s dividend payout ratio (DPR) is presently 16.87%.

Insider Transactions at ICF International

In related news, Director Srikant M. Datar sold 382 shares of the firm’s stock in a transaction dated Monday, March 6th. The shares were sold at an average price of $114.00, for a total value of $43,548.00. Following the completion of the sale, the director now directly owns 2,425 shares in the company, valued at approximately $276,450. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.38% of the stock is owned by company insiders.

Hedge Funds Weigh In On ICF International

Institutional investors and hedge funds have recently modified their holdings of the stock. Captrust Financial Advisors boosted its holdings in shares of ICF International by 27.0% during the 2nd quarter. Captrust Financial Advisors now owns 447 shares of the business services provider’s stock worth $43,000 after buying an additional 95 shares during the period. First Horizon Advisors Inc. grew its position in shares of ICF International by 14.3% in the first quarter. First Horizon Advisors Inc. now owns 711 shares of the business services provider’s stock valued at $78,000 after purchasing an additional 89 shares during the last quarter. Dark Forest Capital Management LP grew its position in shares of ICF International by 32.5% in the first quarter. Dark Forest Capital Management LP now owns 951 shares of the business services provider’s stock valued at $104,000 after purchasing an additional 233 shares during the last quarter. Quantbot Technologies LP bought a new position in shares of ICF International during the second quarter worth approximately $114,000. Finally, Assetmark Inc. lifted its holdings in ICF International by 20.7% during the 1st quarter. Assetmark Inc. now owns 1,223 shares of the business services provider’s stock worth $134,000 after purchasing an additional 210 shares during the last quarter. 94.05% of the stock is currently owned by institutional investors and hedge funds.

ICF International Company Profile

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ICF International, Inc engages in the provision of professional services and technology-based solutions to government and commercial clients, including management, marketing, technology, and policy consulting and implementation services. The company was founded in 1969 and is headquartered in Reston, VA.