ICF International, Inc. (NASDAQ:ICFI) to Issue Quarterly Dividend of $0.14

ICF International, Inc. (NASDAQ:ICFI) declared a quarterly dividend on Thursday, August 1st, Zacks reports. Investors of record on Friday, September 6th will be given a dividend of 0.14 per share by the business services provider on Friday, October 11th. This represents a $0.56 annualized dividend and a yield of 0.35%. The ex-dividend date of this dividend is Friday, September 6th.

ICF International has a dividend payout ratio of 7.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect ICF International to earn $7.64 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 Trading Up 9.9 %

ICFI traded up $14.39 on Friday, hitting $160.41. The company had a trading volume of 227,844 shares, compared to its average volume of 148,129. The company has a market cap of $3.01 billion, a PE ratio of 32.60 and a beta of 0.60. ICF International has a 12-month low of $115.67 and a 12-month high of $161.01. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.50. The business’s fifty day simple moving average is $141.14 and its 200 day simple moving average is $144.59.

ICF International (NASDAQ:ICFI) last released its quarterly earnings results on Thursday, August 1st. The business services provider reported $1.69 EPS for the quarter, topping the consensus estimate of $1.52 by $0.17. ICF International had a return on equity of 14.50% and a net margin of 4.98%. The company had revenue of $512.03 million during the quarter, compared to analyst estimates of $505.70 million. During the same quarter last year, the business posted $1.57 earnings per share. The firm’s revenue was up 2.4% on a year-over-year basis. Equities research analysts expect that ICF International will post 6.79 EPS for the current year.

Insider Activity

In related news, CEO John Wasson sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 3rd. The shares were sold at an average price of $135.09, for a total value of $405,270.00. Following the completion of the transaction, the chief executive officer now owns 19,045 shares of the company’s stock, valued at $2,572,789.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Anne F. Choate sold 1,481 shares of the business’s stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of $133.89, for a total value of $198,291.09. Following the completion of the transaction, the executive vice president now owns 4,785 shares of the company’s stock, valued at $640,663.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO John Wasson sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 3rd. The stock was sold at an average price of $135.09, for a total transaction of $405,270.00. Following the completion of the transaction, the chief executive officer now directly owns 19,045 shares of the company’s stock, valued at approximately $2,572,789.05. The disclosure for this sale can be found here. Insiders own 1.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on ICFI shares. Truist Financial lowered ICF International from a “buy” rating to a “hold” rating and dropped their target price for the company from $168.00 to $155.00 in a research report on Monday, July 1st. William Blair upgraded ICF International from a “market perform” rating to an “outperform” rating in a research report on Monday, June 24th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $173.00 price target on shares of ICF International in a research note on Friday, May 31st. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $159.50.

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.