FY2024 EPS Forecast for ICF International Lifted by Analyst

ICF International, Inc. (NASDAQ:ICFI) – Stock analysts at Barrington Research upped their FY2024 earnings estimates for shares of ICF International in a research report issued on Monday, December 16th. Barrington Research analyst K. Steinke now anticipates that the business services provider will earn $7.44 per share for the year, up from their previous forecast of $7.05. Barrington Research currently has a “Outperform” rating and a $174.00 target price on the stock. The consensus estimate for ICF International’s current full-year earnings is $7.35 per share. Barrington Research also issued estimates for ICF International’s Q4 2024 earnings at $1.85 EPS and FY2025 earnings at $8.15 EPS.

ICFI has been the subject of several other research reports. Truist Financial cut their price target on ICF International from $180.00 to $140.00 and set a “hold” rating for the company in a report on Friday, November 22nd. Sidoti upgraded ICF International from a “neutral” rating to a “buy” rating and set a $185.00 price objective for the company in a research note on Tuesday, November 19th. StockNews.com cut shares of ICF International from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 27th. Finally, D. Boral Capital reiterated an “outperform” rating and issued a $174.00 price target on shares of ICF International in a research report on Monday. One analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, ICF International currently has an average rating of “Moderate Buy” and an average price target of $168.60.

ICF International Trading Up 0.3 %

NASDAQ:ICFI opened at $122.73 on Wednesday. ICF International has a one year low of $121.04 and a one year high of $179.67. The business has a fifty day moving average price of $150.94 and a 200-day moving average price of $151.99. The firm has a market capitalization of $2.30 billion, a price-to-earnings ratio of 21.57 and a beta of 0.54. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.21 and a quick ratio of 1.21.

ICF International (NASDAQ:ICFI) last announced its earnings results on Friday, November 1st. The business services provider reported $2.13 EPS for the quarter, beating analysts’ consensus estimates of $1.77 by $0.36. ICF International had a net margin of 5.38% and a return on equity of 14.68%. The business had revenue of $517.00 million during the quarter, compared to analysts’ expectations of $528.02 million. During the same period in the prior year, the company earned $1.81 earnings per share. The firm’s revenue was up 3.1% on a year-over-year basis.

Institutional Trading of ICF International

Several hedge funds have recently modified their holdings of ICFI. Geode Capital Management LLC grew its holdings in shares of ICF International by 4.3% in the third quarter. Geode Capital Management LLC now owns 440,985 shares of the business services provider’s stock valued at $73,566,000 after purchasing an additional 18,109 shares in the last quarter. Congress Asset Management Co. grew its stake in shares of ICF International by 10.7% in the 3rd quarter. Congress Asset Management Co. now owns 353,824 shares of the business services provider’s stock worth $59,014,000 after buying an additional 34,299 shares in the last quarter. Systematic Financial Management LP grew its stake in shares of ICF International by 0.9% in the 3rd quarter. Systematic Financial Management LP now owns 279,048 shares of the business services provider’s stock worth $46,542,000 after buying an additional 2,484 shares in the last quarter. Peregrine Capital Management LLC increased its holdings in shares of ICF International by 1.3% in the 2nd quarter. Peregrine Capital Management LLC now owns 106,541 shares of the business services provider’s stock worth $15,817,000 after buying an additional 1,367 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of ICF International by 2.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 99,542 shares of the business services provider’s stock valued at $14,778,000 after buying an additional 2,173 shares in the last quarter. 94.12% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Scott B. Salmirs acquired 400 shares of the company’s 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 acquisition, the director now directly owns 5,803 shares of the company’s stock, valued at approximately $803,019.14. This trade represents a 7.40 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, COO James C. M. Morgan sold 2,500 shares of ICF International stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $175.07, for a total value of $437,675.00. Following the completion of the sale, the chief operating officer now directly owns 37,663 shares in the company, valued at $6,593,661.41. This trade represents a 6.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 4,038 shares of company stock worth $705,355 in the last three months. 1.39% of the stock is owned by company insiders.

ICF International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Friday, December 6th will be issued a $0.14 dividend. The ex-dividend date is Friday, December 6th. This represents a $0.56 dividend on an annualized basis and a yield of 0.46%. ICF International’s dividend payout ratio is presently 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.