ICF International (NASDAQ:ICFI – Get Free Report) posted its quarterly earnings data on Thursday. The business services provider reported $1.77 earnings per share for the quarter, topping analysts’ consensus estimates of $1.44 by $0.33, Briefing.com reports. ICF International had a return on equity of 13.94% and a net margin of 4.21%. The business had revenue of $494.44 million for the quarter, compared to analyst estimates of $487.95 million. During the same quarter in the prior year, the company earned $1.42 earnings per share. The company’s revenue was up 2.3% on a year-over-year basis. ICF International updated its FY24 guidance to $6.60-6.90 EPS.
ICF International Stock Performance
Shares of ICFI stock traded up $2.16 during mid-day trading on Friday, hitting $148.43. 70,454 shares of the stock were exchanged, compared to its average volume of 91,125. The stock’s fifty day simple moving average is $148.34 and its two-hundred day simple moving average is $139.76. The stock has a market capitalization of $2.78 billion, a price-to-earnings ratio of 34.12 and a beta of 0.61. ICF International has a 12-month low of $108.58 and a 12-month high of $158.00. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.07 and a current ratio of 1.07.
ICF International Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Friday, June 7th will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 0.38%. The ex-dividend date of this dividend is Friday, June 7th. ICF International’s payout ratio is 12.87%.
Insiders Place Their Bets
Wall Street Analyst Weigh In
ICFI has been the topic of a number of recent research reports. Truist Financial upped their price objective on ICF International from $148.00 to $168.00 and gave the stock a “buy” rating in a research report on Wednesday, February 28th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $170.00 price objective on shares of ICF International in a research report on Tuesday, February 20th. Finally, Barrington Research increased their target price on ICF International from $145.00 to $173.00 and gave the company an “outperform” rating in a report on Monday, March 4th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $162.75.
Check Out Our Latest Stock Analysis on ICFI
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.
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