ICF International (NASDAQ:ICFI) Releases FY24 Earnings Guidance

ICF International (NASDAQ:ICFI) updated its FY24 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $6.60-6.90 for the period, compared to the consensus estimate of $6.75.

ICF International Trading Up 1.5 %

ICFI traded up $2.16 during trading on Friday, reaching $148.43. 70,454 shares of the company’s stock were exchanged, compared to its average volume of 75,060. The company’s fifty day moving average price is $148.24 and its 200-day moving average price is $139.92. The firm has a market capitalization of $2.78 billion, a PE ratio of 30.17 and a beta of 0.61. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.07 and a current ratio of 1.07. ICF International has a fifty-two week low of $108.58 and a fifty-two week high of $158.00.

ICF International (NASDAQ:ICFI) last announced its quarterly earnings results on Thursday, May 2nd. The business services provider reported $1.77 earnings per share for the quarter, beating analysts’ consensus estimates of $1.44 by $0.33. The business had revenue of $494.44 million for the quarter, compared to the consensus estimate of $487.95 million. ICF International had a net margin of 4.74% and a return on equity of 14.51%. ICF International’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period last year, the company posted $1.42 EPS. As a group, equities analysts forecast that ICF International will post 6.8 EPS for the current year.

ICF International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Friday, June 7th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 0.38%. The ex-dividend date is Friday, June 7th. ICF International’s dividend payout ratio (DPR) is 11.38%.

Analysts Set New Price Targets

ICFI has been the topic of several recent analyst reports. Truist Financial lifted their target price on ICF International from $148.00 to $168.00 and gave the stock a buy rating in a report on Wednesday, February 28th. Canaccord Genuity Group reiterated a buy rating and set a $170.00 price objective on shares of ICF International in a report on Tuesday, February 20th. Finally, Barrington Research increased their target price on ICF International from $145.00 to $173.00 and gave the stock an outperform rating in a research note on Monday, March 4th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, ICF International has an average rating of Moderate Buy and a consensus price target of $162.75.

Insiders Place Their Bets

In related news, COO James C. M. Morgan sold 2,400 shares of ICF International stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $155.17, for a total value of $372,408.00. Following the sale, the chief operating officer now owns 39,814 shares of the company’s stock, valued at approximately $6,177,938.38. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.38% of the company’s stock.

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.