What is Zacks Research’s Estimate for ICFI FY2024 Earnings?

ICF International, Inc. (NASDAQ:ICFI) – Equities researchers at Zacks Research upped their FY2024 earnings estimates for shares of ICF International in a research note issued on Wednesday, November 20th. Zacks Research analyst A. Bose now expects that the business services provider will post earnings of $7.42 per share for the year, up from their previous estimate of $6.97. The consensus estimate for ICF International’s current full-year earnings is $7.44 per share. Zacks Research also issued estimates for ICF International’s Q4 2024 earnings at $1.83 EPS, Q1 2025 earnings at $1.83 EPS, Q3 2025 earnings at $2.09 EPS, FY2025 earnings at $7.84 EPS, Q2 2026 earnings at $2.22 EPS and FY2026 earnings at $9.01 EPS.

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

Other research analysts have also recently issued reports about the company. Truist Financial reduced their price target on ICF International from $180.00 to $140.00 and set a “hold” rating for the company in a research report on Friday. StockNews.com raised shares of ICF International from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 12th. Barrington Research reissued an “outperform” rating and set a $174.00 price target on shares of ICF International in a report on Friday, September 20th. Finally, Sidoti raised shares of ICF International from a “neutral” rating to a “buy” rating and set a $185.00 price objective for the company in a report on Tuesday, November 19th. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $167.25.

ICF International Stock Performance

Shares of ICFI stock opened at $134.29 on Friday. ICF International has a 52-week low of $128.28 and a 52-week high of $179.67. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.43. The stock has a market cap of $2.52 billion, a PE ratio of 23.60 and a beta of 0.61. The business has a 50-day simple moving average of $164.38 and a 200-day simple moving average of $153.93.

ICF International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Friday, December 6th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.42%. ICF International’s dividend payout ratio is currently 9.84%.

Insider Buying and Selling

In other news, Director Scott B. Salmirs purchased 400 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was purchased at an average cost of $138.38 per share, for a total transaction of $55,352.00. Following the completion of the transaction, the director now owns 5,803 shares of the company’s stock, valued at $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 the SEC website. Also, EVP Anne F. Choate sold 1,368 shares of the firm’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $165.00, for a total value of $225,720.00. Following the completion of the transaction, the executive vice president now owns 3,417 shares in the company, valued at $563,805. The trade was a 28.59 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,823 shares of company stock worth $1,165,078 in the last 90 days. Insiders own 1.39% of the company’s stock.

Hedge Funds Weigh In On ICF International

Institutional investors and hedge funds have recently bought and sold shares of the business. Pier Capital LLC purchased a new position in ICF International in the 3rd quarter worth approximately $6,579,000. Congress Asset Management Co. grew its holdings in 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 valued at $59,014,000 after buying an additional 34,299 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of ICF International by 4.3% in the 3rd quarter. Geode Capital Management LLC now owns 440,985 shares of the business services provider’s stock worth $73,566,000 after acquiring an additional 18,109 shares during the last quarter. Tilia Fiduciary Partners Inc. purchased a new position in shares of ICF International during the 3rd quarter worth $2,364,000. Finally, BNP Paribas Financial Markets boosted its position in shares of ICF International by 94.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 17,631 shares of the business services provider’s stock valued at $2,941,000 after acquiring an additional 8,548 shares during the last quarter. 94.12% of the stock is currently owned by institutional investors and hedge funds.

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.