Research Analysts Set Expectations for ICFI FY2024 Earnings

ICF International, Inc. (NASDAQ:ICFI) – Barrington Research lifted their FY2024 earnings per share estimates for shares of ICF International in a report released 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 previous estimate of $7.05. Barrington Research currently has a “Outperform” rating and a $174.00 target price 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 issued its quarterly earnings data on Friday, November 1st. The business services provider reported $2.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.77 by $0.36. ICF International had a net margin of 5.38% and a return on equity of 14.68%. The business had revenue of $517.00 million during the quarter, compared to analysts’ expectations of $528.02 million. During the same period in the previous year, the company earned $1.81 earnings per share. ICF International’s revenue for the quarter was up 3.1% on a year-over-year basis.

Several other research firms have also recently weighed in on ICFI. Truist Financial cut their price objective 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. Sidoti upgraded ICF International from a “neutral” rating to a “buy” rating and set a $185.00 price target for the company in a report on Tuesday, November 19th. StockNews.com downgraded shares of ICF International from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 27th. Finally, D. Boral Capital reaffirmed an “outperform” rating and set a $174.00 target price on shares of ICF International in a research report on Monday. One investment 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 stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $168.60.

ICF International Stock Up 0.4 %

ICF International stock opened at $126.40 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. ICF International has a fifty-two week low of $124.78 and a fifty-two week high of $179.67. The firm has a fifty day moving average price of $152.77 and a two-hundred day moving average price of $152.41. The firm has a market cap of $2.37 billion, a price-to-earnings ratio of 22.21 and a beta of 0.54.

Institutional Investors Weigh In On ICF International

Several hedge funds and other institutional investors have recently made changes to their positions in ICFI. Pier Capital LLC bought a new position in ICF International in the third quarter valued at approximately $6,579,000. Congress Asset Management Co. grew its stake in shares of ICF International by 10.7% during the third quarter. Congress Asset Management Co. now owns 353,824 shares of the business services provider’s stock worth $59,014,000 after purchasing an additional 34,299 shares during the period. Geode Capital Management LLC increased its holdings in ICF International by 4.3% in the third quarter. Geode Capital Management LLC now owns 440,985 shares of the business services provider’s stock valued at $73,566,000 after purchasing an additional 18,109 shares during the last quarter. Tilia Fiduciary Partners Inc. acquired a new position in ICF International in the third quarter valued at about $2,364,000. Finally, BNP Paribas Financial Markets grew its position in shares of ICF International by 94.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 17,631 shares of the business services provider’s stock worth $2,941,000 after buying an additional 8,548 shares during the period. 94.12% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Scott B. Salmirs bought 400 shares of the stock in a transaction dated Monday, November 18th. The shares were acquired at an average price of $138.38 per share, with a total value of $55,352.00. Following the acquisition, the director now owns 5,803 shares in the company, valued at $803,019.14. This trade represents a 7.40 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO James C. M. Morgan sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $175.07, for a total transaction of $437,675.00. Following the sale, the chief operating officer now directly owns 37,663 shares of the company’s stock, valued at approximately $6,593,661.41. The trade was a 6.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 4,038 shares of company stock valued at $705,355 over the last quarter. Corporate insiders own 1.39% of the company’s stock.

ICF International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Friday, December 6th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.56 dividend on an annualized basis and a yield of 0.44%. ICF International’s payout ratio is currently 9.84%.

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.