ICF International (ICFI) Scheduled to Post Quarterly Earnings on Thursday

ICF International (NASDAQ:ICFI) will announce its earnings results before the market opens on Thursday, May 2nd. Analysts expect the company to announce earnings of $1.44 per share for the quarter. ICF International has set its FY24 guidance at $6.60-6.90 EPS and its FY 2024 guidance at 6.600-6.900 EPS.Investors interested in listening to the company’s conference call can do so using this link.

ICF International (NASDAQ:ICFI) last released its earnings results on Tuesday, February 27th. The business services provider reported $1.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.64 by $0.04. The firm had revenue of $478.35 million during the quarter, compared to analyst estimates of $480.75 million. ICF International had a return on equity of 13.94% and a net margin of 4.21%. ICF International’s revenue was up .6% compared to the same quarter last year. During the same period last year, the business posted $1.56 earnings per share. On average, analysts expect ICF International to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

ICF International Trading Down 0.1 %

NASDAQ:ICFI opened at $144.29 on Wednesday. The firm has a market cap of $2.70 billion, a PE ratio of 33.17 and a beta of 0.60. The stock has a fifty day moving average price of $148.74 and a 200 day moving average price of $139.60. ICF International has a 12-month low of $108.58 and a 12-month high of $158.00. 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 Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 22nd were given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.39%. The ex-dividend date was Thursday, March 21st. ICF International’s dividend payout ratio (DPR) is currently 12.87%.

Insider Buying and Selling at ICF International

In other ICF International news, COO James C. M. Morgan sold 2,400 shares of the business’s stock in a transaction on 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 transaction, the chief operating officer now directly owns 39,814 shares in the company, valued at approximately $6,177,938.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.38% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts recently issued reports on ICFI shares. Canaccord Genuity Group restated a “buy” rating and issued a $170.00 price target on shares of ICF International in a research report on Tuesday, February 20th. Barrington Research lifted their price objective on ICF International from $145.00 to $173.00 and gave the company an “outperform” rating in a report on Monday, March 4th. Finally, Truist Financial lifted their price objective on ICF International from $148.00 to $168.00 and gave the company a “buy” rating in a report on Wednesday, February 28th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $162.75.

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.