Q3 2024 EPS Estimates for ICF International, Inc. Lifted by Analyst (NASDAQ:ICFI)

ICF International, Inc. (NASDAQ:ICFI) – Equities research analysts at Barrington Research upped their Q3 2024 earnings per share (EPS) estimates for ICF International in a note issued to investors on Monday, August 12th. Barrington Research analyst K. Steinke now anticipates that the business services provider will post earnings per share of $1.81 for the quarter, up from their previous forecast of $1.73. Barrington Research has a “Outperform” rating and a $174.00 price target on the stock. The consensus estimate for ICF International’s current full-year earnings is $6.79 per share. Barrington Research also issued estimates for ICF International’s Q4 2024 earnings at $1.78 EPS, FY2024 earnings at $7.05 EPS and FY2025 earnings at $7.90 EPS.

A number of other equities research analysts have also recently commented on the company. William Blair raised ICF International from a “market perform” rating to an “outperform” rating in a research note on Monday, June 24th. Truist Financial cut ICF International from a “buy” rating to a “hold” rating and reduced their price objective for the company from $168.00 to $155.00 in a research note on Monday, July 1st. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $159.75.

ICF International Trading Up 1.3 %

Shares of ICF International stock opened at $157.07 on Wednesday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.19 and a current ratio of 1.19. ICF International has a 52 week low of $115.67 and a 52 week high of $161.01. The stock has a 50 day moving average price of $143.14 and a two-hundred day moving average price of $145.77. The stock has a market capitalization of $2.94 billion, a PE ratio of 31.92 and a beta of 0.60.

ICF International (NASDAQ:ICFI) last announced its quarterly earnings data on Thursday, August 1st. The business services provider reported $1.69 EPS for the quarter, beating analysts’ consensus estimates of $1.49 by $0.20. ICF International had a return on equity of 14.50% and a net margin of 4.98%. The firm had revenue of $512.03 million during the quarter, compared to analysts’ expectations of $505.70 million. During the same quarter last year, the firm posted $1.57 earnings per share. The company’s revenue for the quarter was up 2.4% compared to the same quarter last year.

Institutional Trading of ICF International

A number of hedge funds have recently bought and sold shares of the business. Torray Investment Partners LLC lifted its holdings in ICF International by 1.0% during the fourth quarter. Torray Investment Partners LLC now owns 12,999 shares of the business services provider’s stock worth $1,743,000 after acquiring an additional 130 shares during the period. Whittier Trust Co. bought a new stake in shares of ICF International in the first quarter valued at $25,000. Rhumbline Advisers raised its stake in shares of ICF International by 0.9% in the second quarter. Rhumbline Advisers now owns 27,487 shares of the business services provider’s stock valued at $4,081,000 after buying an additional 247 shares during the period. Argent Capital Management LLC raised its stake in shares of ICF International by 1.8% in the fourth quarter. Argent Capital Management LLC now owns 24,270 shares of the business services provider’s stock valued at $3,254,000 after buying an additional 419 shares during the period. Finally, Handelsbanken Fonder AB raised its stake in shares of ICF International by 26.2% in the fourth quarter. Handelsbanken Fonder AB now owns 4,822 shares of the business services provider’s stock valued at $647,000 after buying an additional 1,000 shares during the period. 94.12% of the stock is currently owned by institutional investors.

Insider Activity

In other news, COO James C. M. Morgan sold 2,500 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $152.50, for a total value of $381,250.00. Following the transaction, the chief operating officer now owns 40,163 shares in the company, valued at $6,124,857.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, COO James C. M. Morgan sold 2,500 shares of ICF International stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $152.50, for a total transaction of $381,250.00. Following the sale, the chief operating officer now directly owns 40,163 shares in the company, valued at $6,124,857.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO John Wasson sold 3,000 shares of ICF International stock in a transaction on Wednesday, July 3rd. The stock was sold at an average price of $135.09, for a total value of $405,270.00. Following the sale, the chief executive officer now owns 19,045 shares in the company, valued at $2,572,789.05. The disclosure for this sale can be found here. Insiders have sold 6,981 shares of company stock worth $984,811 over the last 90 days. 1.39% of the stock is currently owned by corporate insiders.

ICF International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Friday, September 6th will be issued a $0.14 dividend. The ex-dividend date is Friday, September 6th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.36%. ICF International’s dividend payout ratio is presently 11.38%.

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.