William Blair Analysts Increase Earnings Estimates for ICFI

ICF International, Inc. (NASDAQ:ICFI) – Equities research analysts at William Blair upped their FY2024 earnings estimates for shares of ICF International in a report issued on Thursday, October 31st. William Blair analyst T. Mulrooney now forecasts that the business services provider will post earnings of $7.42 per share for the year, up from their previous estimate of $7.13. The consensus estimate for ICF International’s current full-year earnings is $7.45 per share. William Blair also issued estimates for ICF International’s Q4 2024 earnings at $1.83 EPS, Q1 2025 earnings at $1.85 EPS, Q2 2025 earnings at $2.00 EPS, Q3 2025 earnings at $2.15 EPS, Q4 2025 earnings at $2.07 EPS and FY2025 earnings at $8.07 EPS.

Several other equities analysts also recently issued reports on ICFI. Truist Financial boosted their price target on shares of ICF International from $155.00 to $180.00 and gave the company a “hold” rating in a report on Friday, November 1st. Barrington Research restated an “outperform” rating and issued a $174.00 target price on shares of ICF International in a research report on Friday, September 20th. 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 data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $166.00.

ICF International Price Performance

Shares of ICFI opened at $171.00 on Monday. ICF International has a 12 month low of $124.46 and a 12 month high of $178.18. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.19 and a quick ratio of 1.19. The stock has a fifty day moving average price of $167.09 and a 200 day moving average price of $153.05. The company has a market cap of $3.21 billion, a P/E ratio of 30.05 and a beta of 0.61.

ICF International (NASDAQ:ICFI) last posted its earnings results on Friday, November 1st. The business services provider reported $2.13 EPS for the quarter, beating the consensus estimate of $1.77 by $0.36. The company had revenue of $517.00 million during the quarter, compared to analyst estimates of $528.02 million. ICF International had a return on equity of 14.88% and a net margin of 5.38%. The business’s revenue was up 3.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.81 earnings per share.

ICF International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Friday, December 6th will be given a dividend of $0.14 per share. The ex-dividend date is Friday, December 6th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.33%. ICF International’s dividend payout ratio (DPR) is 9.84%.

Insider Transactions at ICF International

In related news, EVP Anne F. Choate sold 1,368 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $165.00, for a total transaction of $225,720.00. Following the transaction, the executive vice president now owns 3,417 shares in the company, valued at $563,805. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other ICF International news, COO James C. M. Morgan sold 2,500 shares of the business’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $175.07, for a total value of $437,675.00. Following the sale, the chief operating officer now directly owns 37,663 shares in the company, valued at approximately $6,593,661.41. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Anne F. Choate sold 1,368 shares of the firm’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $165.00, for a total transaction of $225,720.00. Following the transaction, the executive vice president now owns 3,417 shares of the company’s stock, valued at approximately $563,805. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 5,285 shares of company stock valued at $897,398. Company insiders own 1.39% of the company’s stock.

Institutional Trading of ICF International

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Whittier Trust Co. acquired a new position in ICF International in the first quarter worth approximately $25,000. Farther Finance Advisors LLC boosted its stake in shares of ICF International by 13.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 502 shares of the business services provider’s stock worth $84,000 after acquiring an additional 58 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of ICF International during the 1st quarter worth $167,000. Marshall Wace LLP acquired a new position in shares of ICF International in the 2nd quarter worth $301,000. Finally, AlphaMark Advisors LLC acquired a new stake in shares of ICF International during the third quarter worth $342,000. 94.12% of the stock is 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.