FY2024 EPS Estimates for ICFI Raised by Barrington Research

ICF International, Inc. (NASDAQ:ICFI) – Stock analysts at Barrington Research lifted their FY2024 earnings per share estimates for shares of ICF International in a research note issued on Monday, December 16th. Barrington Research analyst K. Steinke now forecasts that the business services provider will earn $7.44 per share for the year, up from their prior estimate of $7.05. Barrington Research has a “Outperform” rating and a $174.00 price target 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.

ICF International (NASDAQ:ICFI) last announced its quarterly 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. The business had revenue of $517.00 million for the quarter, compared to analyst estimates of $528.02 million. ICF International had a net margin of 5.38% and a return on equity of 14.68%. ICF International’s quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.81 EPS.

A number of other equities analysts have also commented on the stock. StockNews.com lowered shares of ICF International from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 27th. D. Boral Capital restated an “outperform” rating and set a $174.00 target price on shares of ICF International in a research report on Monday. Sidoti upgraded shares of ICF International from a “neutral” rating to a “buy” rating and set a $185.00 price target for the company in a research report on Tuesday, November 19th. Finally, Truist Financial cut their target price on ICF International from $180.00 to $140.00 and set a “hold” rating for the company in a research report on Friday, November 22nd. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $168.60.

ICF International Stock Performance

ICFI opened at $122.34 on Wednesday. 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 business has a fifty day simple moving average of $151.85 and a 200 day simple moving average of $152.20. ICF International has a 1 year low of $122.00 and a 1 year high of $179.67. The company has a market capitalization of $2.30 billion, a PE ratio of 21.50 and a beta of 0.54.

ICF International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Investors 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 annualized dividend and a dividend yield of 0.46%. ICF International’s dividend payout ratio is currently 9.84%.

Insider Activity at ICF International

In other news, Director Scott B. Salmirs purchased 400 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were purchased at an average cost of $138.38 per share, with a total value of $55,352.00. Following the completion of the purchase, 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 position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, COO James C. M. Morgan sold 2,500 shares of the business’s 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 sale, the chief operating officer now owns 37,663 shares in the company, valued at approximately $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 have sold 4,038 shares of company stock valued at $705,355 over the last ninety days. 1.39% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On ICF International

Several hedge funds have recently added to or reduced their stakes in the business. Argent Capital Management LLC raised its position in ICF International by 10.2% during the 2nd quarter. Argent Capital Management LLC now owns 27,418 shares of the business services provider’s stock worth $4,070,000 after purchasing an additional 2,542 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of ICF International by 2.2% during the second quarter. Bank of New York Mellon Corp now owns 99,542 shares of the business services provider’s stock worth $14,778,000 after acquiring an additional 2,173 shares during the last quarter. Peregrine Capital Management LLC lifted its stake in shares of ICF International by 1.3% in the second quarter. Peregrine Capital Management LLC now owns 106,541 shares of the business services provider’s stock worth $15,817,000 after acquiring an additional 1,367 shares during the period. Rhumbline Advisers boosted its holdings in ICF International by 0.9% in the second quarter. Rhumbline Advisers now owns 27,487 shares of the business services provider’s stock valued at $4,081,000 after acquiring an additional 247 shares during the last quarter. Finally, Torray Investment Partners LLC increased its position in ICF International by 8.7% during the 2nd quarter. Torray Investment Partners LLC now owns 14,446 shares of the business services provider’s stock valued at $2,145,000 after purchasing an additional 1,159 shares during the period. 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.