ICF International (NASDAQ:ICFI) Updates FY 2021 Earnings Guidance


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ICF International (NASDAQ:ICFI) issued an update on its FY 2021 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 4.350-4.650 for the period, compared to the Thomson Reuters consensus estimate of $4.500. The company issued revenue guidance of $1.53 billion-$1.58 billion, compared to the consensus revenue estimate of $1.55 billion.ICF International also updated its FY21 guidance to $4.35-4.65 bln EPS.

ICFI has been the topic of a number of analyst reports. Truist Financial boosted their price objective on shares of ICF International from $102.00 to $118.00 in a research report on Thursday, April 1st. Barrington Research increased their price objective on shares of ICF International from $88.00 to $96.00 in a research report on Thursday, March 4th. Truist boosted their target price on ICF International from $95.00 to $102.00 in a research report on Friday, January 15th. Canaccord Genuity upped their target price on ICF International from $80.00 to $100.00 and gave the company a buy rating in a research note on Thursday, March 4th. Finally, Truist Securities raised their price target on ICF International from $102.00 to $118.00 and gave the stock a buy rating in a research note on Thursday, April 1st. One research analyst has rated the stock with a sell rating and four have given a buy rating to the company. The company presently has an average rating of Buy and a consensus target price of $97.75.

Shares of ICF International stock traded down $0.95 on Tuesday, hitting $91.09. 64,832 shares of the company traded hands, compared to its average volume of 76,280. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.50. The company has a market cap of $1.72 billion, a PE ratio of 28.29, a PEG ratio of 1.77 and a beta of 0.58. The stock’s 50 day moving average price is $90.36 and its 200-day moving average price is $80.70. ICF International has a 52 week low of $51.48 and a 52 week high of $94.19.

ICF International (NASDAQ:ICFI) last issued its earnings results on Tuesday, May 4th. The business services provider reported $1.13 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.28. ICF International had a return on equity of 10.77% and a net margin of 4.19%. The business had revenue of $378.40 million during the quarter, compared to analyst estimates of $362.07 million. During the same period in the previous year, the company posted $0.83 EPS. ICF International’s revenue was up 5.6% on a year-over-year basis. As a group, research analysts anticipate that ICF International will post 3.96 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 13th. Investors of record on Friday, March 26th were paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date was Thursday, March 25th. ICF International’s dividend payout ratio (DPR) is presently 13.49%.

In other news, insider James C. M. Morgan sold 2,500 shares of ICF International stock in a transaction on Friday, April 9th. The stock was sold at an average price of $90.50, for a total value of $226,250.00. Following the transaction, the insider now directly owns 49,254 shares in the company, valued at approximately $4,457,487. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider James C. M. Morgan sold 7,753 shares of the business’s stock in a transaction on Friday, February 26th. The stock was sold at an average price of $88.03, for a total value of $682,496.59. 4.25% of the stock is owned by corporate insiders.

About ICF International

ICF International, Inc provides management, marketing, 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, market, business, communication, and technology challenges.

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Earnings History and Estimates for ICF International (NASDAQ:ICFI)

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