ICF International (NASDAQ:ICFI) Updates FY 2024 Earnings Guidance

ICF International (NASDAQ:ICFI) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided EPS guidance of 6.950-7.250 for the period, compared to the consensus EPS estimate of 6.770. The company issued revenue guidance of -.

ICF International Stock Up 9.9 %

NASDAQ:ICFI traded up $14.39 during mid-day trading on Friday, reaching $160.41. The stock had a trading volume of 227,844 shares, compared to its average volume of 148,129. The business’s 50 day moving average is $141.14 and its 200 day moving average is $144.77. ICF International has a fifty-two week low of $115.67 and a fifty-two week high of $161.01. The stock has a market cap of $3.01 billion, a P/E ratio of 32.60 and a beta of 0.60. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.19 and a quick ratio of 1.19.

ICF International (NASDAQ:ICFI) last released its quarterly earnings data on Thursday, August 1st. The business services provider reported $1.69 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.17. 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 for the quarter, compared to the consensus estimate of $505.70 million. During the same quarter in the prior year, the company posted $1.57 earnings per share. The firm’s revenue was up 2.4% on a year-over-year basis. As a group, sell-side analysts predict that ICF International will post 6.79 earnings per share for the current year.

ICF International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Shareholders of record on Friday, September 6th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Friday, September 6th. This represents a $0.56 dividend on an annualized basis and a yield of 0.35%. ICF International’s payout ratio is currently 11.38%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. William Blair raised ICF International from a market perform rating to an outperform rating in a research report on Monday, June 24th. Barrington Research reissued an outperform rating and issued a $173.00 price objective on shares of ICF International in a research report on Friday, May 31st. Finally, 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 report on Monday, July 1st. 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, the company currently has an average rating of Moderate Buy and an average target price of $159.50.

Insider Activity at ICF International

In related news, EVP Anne F. Choate sold 1,481 shares of the company’s stock in a transaction on Monday, July 8th. The stock was sold at an average price of $133.89, for a total value of $198,291.09. Following the completion of the transaction, the executive vice president now directly owns 4,785 shares in the company, valued at $640,663.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other ICF International news, 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 transaction of $405,270.00. Following the completion of the transaction, the chief executive officer now directly owns 19,045 shares of the company’s stock, valued at $2,572,789.05. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Anne F. Choate sold 1,481 shares of ICF International stock in a transaction on Monday, July 8th. The shares were sold at an average price of $133.89, for a total value of $198,291.09. Following the transaction, the executive vice president now directly owns 4,785 shares of the company’s stock, valued at $640,663.65. The disclosure for this sale can be found here. 1.39% of the stock is currently owned by corporate 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.