ICF International, Inc. (NASDAQ:ICFI) Announces $0.14 Quarterly Dividend

ICF International, Inc. (NASDAQ:ICFI) declared a quarterly dividend on Thursday, May 2nd, Zacks reports. Shareholders of record on Friday, June 7th will be paid a dividend of 0.14 per share by the business services provider on Friday, July 12th. This represents a $0.56 annualized dividend and a yield of 0.38%. The ex-dividend date is Friday, June 7th.

ICF International has a dividend payout ratio of 7.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect ICF International to earn $7.72 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 7.3%.

ICF International Stock Up 1.5 %

Shares of NASDAQ:ICFI traded up $2.16 during trading hours on Friday, hitting $148.43. The company’s stock had a trading volume of 70,454 shares, compared to its average volume of 91,125. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.07 and a quick ratio of 1.07. The firm’s fifty day moving average price is $148.34 and its 200 day moving average price is $139.76. ICF International has a 52 week low of $108.58 and a 52 week high of $158.00. The company has a market capitalization of $2.78 billion, a price-to-earnings ratio of 34.12 and a beta of 0.61.

ICF International (NASDAQ:ICFI) last posted its earnings results on Thursday, May 2nd. The business services provider reported $1.77 earnings per share for the quarter, topping analysts’ consensus estimates of $1.44 by $0.33. ICF International had a return on equity of 13.94% and a net margin of 4.21%. The company had revenue of $494.44 million during the quarter, compared to analyst estimates of $487.95 million. During the same quarter in the prior year, the business earned $1.42 earnings per share. ICF International’s revenue was up 2.3% on a year-over-year basis. As a group, research analysts expect that ICF International will post 6.77 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on ICFI shares. Barrington Research boosted their target price on shares of ICF International from $145.00 to $173.00 and gave the stock an “outperform” rating in a report on Monday, March 4th. Canaccord Genuity Group reissued a “buy” rating and set a $170.00 target price on shares of ICF International in a research report on Tuesday, February 20th. Finally, Truist Financial lifted their price target on shares of ICF International from $148.00 to $168.00 and gave the stock a “buy” rating in a report on Wednesday, February 28th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, ICF International currently has a consensus rating of “Moderate Buy” and an average target price of $162.75.

Insider Activity

In other ICF International news, COO James C. M. Morgan sold 2,400 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $155.17, for a total transaction of $372,408.00. Following the sale, the chief operating officer now owns 39,814 shares of the company’s stock, valued at approximately $6,177,938.38. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.38% of the company’s stock.

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.