FY2024 EPS Forecast for ICF International Raised by Analyst

ICF International, Inc. (NASDAQ:ICFI) – Equities research analysts at Zacks Research raised their FY2024 earnings estimates for shares of ICF International in a report issued on Wednesday, November 20th. Zacks Research analyst A. Bose now anticipates that the business services provider will post earnings per share of $7.42 for the year, up from their prior 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.

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

ICF International Stock Performance

Shares of ICF International stock opened at $134.29 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.21 and a quick ratio of 1.21. The stock has a market capitalization of $2.52 billion, a price-to-earnings ratio of 23.60 and a beta of 0.61. The business has a 50-day moving average of $164.38 and a 200 day moving average of $153.93. ICF International has a 12 month low of $128.28 and a 12 month high of $179.67.

ICF International (NASDAQ:ICFI) last released its quarterly earnings results on Friday, November 1st. The business services provider reported $2.13 EPS for the quarter, topping the consensus estimate of $1.77 by $0.36. The business 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 14.68% and a net margin of 5.38%. The company’s quarterly revenue was up 3.1% on a year-over-year basis. During the same period last year, the business posted $1.81 earnings per share.

Hedge Funds Weigh In On ICF International

Several large investors have recently bought and sold shares of ICFI. Farther Finance Advisors LLC boosted its holdings in shares of ICF International by 13.1% in the third quarter. Farther Finance Advisors LLC now owns 502 shares of the business services provider’s stock valued at $84,000 after acquiring an additional 58 shares during the period. SG Americas Securities LLC purchased a new position in ICF International during the 1st quarter worth $167,000. Marshall Wace LLP acquired a new position in ICF International in the second quarter valued at $301,000. AlphaMark Advisors LLC purchased a new stake in shares of ICF International in the third quarter valued at about $342,000. Finally, Martingale Asset Management L P grew its holdings in shares of ICF International by 25.5% during the third quarter. Martingale Asset Management L P now owns 3,399 shares of the business services provider’s stock worth $567,000 after buying an additional 690 shares during the last quarter. Institutional investors and hedge funds own 94.12% of the company’s stock.

Insider Activity

In other ICF International news, Director Scott B. Salmirs purchased 400 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was purchased at an average cost of $138.38 per share, with a total value of $55,352.00. Following the completion of the acquisition, the director now directly owns 5,803 shares of the company’s stock, valued at $803,019.14. This trade represents a 7.40 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO James C. M. Morgan sold 2,500 shares of the stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $175.07, for a total transaction of $437,675.00. Following the completion of the transaction, the chief operating officer now owns 37,663 shares in the company, valued at $6,593,661.41. This represents a 6.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,823 shares of company stock worth $1,165,078. 1.39% of the stock is currently owned by corporate insiders.

ICF International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Friday, December 6th will be given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.42%. The ex-dividend date is Friday, December 6th. ICF International’s dividend payout ratio is presently 9.84%.

ICF International Company Profile

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.