ICF International, Inc. (NASDAQ:ICFI) to Issue Quarterly Dividend of $0.14

ICF International, Inc. (NASDAQ:ICFI) announced a quarterly dividend on Thursday, November 5th. Stockholders of record on Friday, December 4th will be given a dividend of $0.14 per share by the business services provider on Friday, January 8th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Friday, December 4th.

ICF International has a dividend payout ratio of 7.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect ICF International to earn $7.78 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 7.2%.

ICF International Price Performance

Shares of NASDAQ:ICFI opened at $95.38 on Friday. The business’s 50 day simple moving average is $88.49 and its 200-day simple moving average is $79.08. The firm has a market capitalization of $1.71 billion, a price-to-earnings ratio of 19.75 and a beta of 0.45. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.39 and a quick ratio of 1.39. ICF International has a 12 month low of $58.83 and a 12 month high of $100.63.

ICF International (NASDAQ:ICFI) last released its quarterly earnings data on Thursday, November 5th. The business services provider reported $1.98 earnings per share for the quarter, beating the consensus estimate of $1.92 by $0.06. The firm had revenue of $470.50 million during the quarter, compared to the consensus estimate of $490.83 million. ICF International had a return on equity of 11.53% and a net margin of 4.86%. ICF International’s quarterly revenue was up 1.1% on a year-over-year basis. During the same period last year, the business posted $1.67 EPS. As a group, equities analysts forecast that ICF International will post 7.07 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have weighed in on ICFI. Barrington Research set a $110.00 target price on ICF International in a report on Friday, August 14th. Wall Street Zen raised ICF International from a “hold” rating to a “strong-buy” rating in a research note on Saturday, August 8th. Finally, Weiss Ratings upgraded shares of ICF International from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, October 2nd. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $105.00.

ICF International Company Profile

ICF International, Inc is a global consulting and technology services company that helps government agencies, businesses and nonprofit organizations address complex policy, management and operational challenges. The company combines research, advisory services, data analytics, technology implementation and strategic communications to support clients from program design through execution and evaluation.

ICF’s work spans energy and climate, environment, transportation, public health, health care, community development, disaster recovery, workforce programs and public-sector modernization.