ICF International (NASDAQ:ICFI) Issues FY24 Earnings Guidance

ICF International (NASDAQ:ICFI) issued an update on its FY24 earnings guidance on Thursday morning. The company provided EPS guidance of $7.40-$7.50 for the period, compared to the consensus EPS estimate of $7.08. ICF International also updated its FY 2024 guidance to 7.400-7.500 EPS.

ICF International Trading Down 0.5 %

ICFI stock traded down $0.82 on Friday, hitting $167.77. 190,302 shares of the company were exchanged, compared to its average volume of 84,942. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.19 and a quick ratio of 1.19. The stock has a market capitalization of $3.15 billion, a price-to-earnings ratio of 29.49 and a beta of 0.61. ICF International has a twelve month low of $115.67 and a twelve month high of $178.18. The business’s fifty day moving average is $166.94 and its two-hundred day moving average is $152.74.

ICF International (NASDAQ:ICFI) last posted its quarterly earnings results on Thursday, October 31st. The business services provider reported $2.13 EPS for the quarter, beating the consensus estimate of $1.81 by $0.32. The firm 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 14.88%. ICF International’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.81 earnings per share. As a group, research analysts forecast that ICF International will post 7.06 earnings per share for the current year.

ICF International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Friday, December 6th will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 0.33%. The ex-dividend date of this dividend is Friday, December 6th. ICF International’s dividend payout ratio is currently 9.84%.

Analysts Set New Price Targets

Several brokerages have issued reports on ICFI. Truist Financial upped their price objective on ICF International from $155.00 to $180.00 and gave the company a “hold” rating in a research note on Friday. Barrington Research reissued an “outperform” rating and issued a $174.00 price target on shares of ICF International in a report on Friday, September 20th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, ICF International has an average rating of “Moderate Buy” and a consensus target price of $166.00.

Insider Activity

In other ICF International news, EVP Anne F. Choate sold 1,368 shares of ICF International stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $165.00, for a total value of $225,720.00. Following the transaction, the executive vice president now owns 3,417 shares in the company, valued at approximately $563,805. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, EVP Anne F. Choate sold 1,368 shares of ICF International stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $165.00, for a total value of $225,720.00. Following the transaction, the executive vice president now directly owns 3,417 shares of the company’s stock, valued at $563,805. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO John Wasson sold 1,417 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $165.14, for a total transaction of $234,003.38. Following the sale, the chief executive officer now owns 52,605 shares in the company, valued at $8,687,189.70. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,285 shares of company stock worth $897,398 over the last 90 days. 1.39% of the stock is currently owned by company insiders.

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.