ICF International (NASDAQ:ICFI) Issues FY24 Earnings Guidance

ICF International (NASDAQ:ICFI) updated its FY24 earnings guidance on Thursday. The company provided earnings per share guidance of $6.60-6.90 for the period, compared to the consensus earnings per share estimate of $6.75.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on ICFI. Canaccord Genuity Group reaffirmed a buy rating and issued a $170.00 target price on shares of ICF International in a report on Tuesday, February 20th. Truist Financial boosted 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. 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 research report on Monday, March 4th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of Moderate Buy and an average target price of $162.75.

ICF International Trading Up 1.5 %

NASDAQ:ICFI traded up $2.16 during trading hours on Friday, hitting $148.43. 70,454 shares of the company were exchanged, compared to its average volume of 75,060. The stock has a market capitalization of $2.78 billion, a price-to-earnings ratio of 30.17 and a beta of 0.61. ICF International has a one year low of $108.58 and a one year high of $158.00. The company has a fifty day simple moving average of $148.24 and a 200 day simple moving average of $139.92. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.46.

ICF International (NASDAQ:ICFI) last issued its quarterly earnings data on Thursday, May 2nd. The business services provider reported $1.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.44 by $0.33. ICF International had a return on equity of 14.51% and a net margin of 4.74%. The company had revenue of $494.44 million during the quarter, compared to the consensus estimate of $487.95 million. During the same period last year, the company earned $1.42 earnings per share. The firm’s revenue was up 2.3% compared to the same quarter last year. Sell-side analysts expect that ICF International will post 6.8 EPS for the current fiscal year.

ICF International Dividend Announcement

The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 0.38%. The ex-dividend date is Friday, June 7th. ICF International’s payout ratio is 11.38%.

Insider Activity

In related news, COO James C. M. Morgan sold 2,400 shares of the business’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $155.17, for a total value of $372,408.00. Following the completion of the sale, the chief operating officer now directly owns 39,814 shares of the company’s stock, valued at approximately $6,177,938.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.38% of the stock is currently owned by company insiders.

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.