ICF International (NASDAQ:ICFI) Updates FY 2024 Earnings Guidance

ICF International (NASDAQ:ICFI) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided earnings per share guidance of 7.400-7.500 for the period, compared to the consensus earnings per share estimate of 7.080. The company issued revenue guidance of $2.0 billion-$2.0 billion, compared to the consensus revenue estimate of $2.1 billion. ICF International also updated its FY24 guidance to $7.40-$7.50 EPS.

ICF International Stock Down 1.5 %

Shares of ICF International stock traded down $2.51 during trading hours on Thursday, reaching $168.59. 109,923 shares of the company’s stock were exchanged, compared to its average volume of 97,066. The company has a 50 day moving average of $166.85 and a two-hundred day moving average of $152.46. ICF International has a fifty-two week low of $115.67 and a fifty-two week high of $178.18. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.46. The stock has a market cap of $3.16 billion, a P/E ratio of 32.36 and a beta of 0.61.

ICF International (NASDAQ:ICFI) last posted its quarterly earnings data on Thursday, August 1st. The business services provider reported $1.69 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.20. ICF International had a net margin of 4.98% and a return on equity of 14.37%. The company had revenue of $512.03 million during the quarter, compared to the consensus estimate of $505.70 million. During the same period in the prior year, the business posted $1.57 EPS. The company’s quarterly revenue was up 2.4% on a year-over-year basis. On average, sell-side analysts forecast that ICF International will post 7.06 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Barrington Research reaffirmed an “outperform” rating and issued a $174.00 target price on shares of ICF International in a report on Friday, September 20th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, ICF International currently has a consensus rating of “Moderate Buy” and an average target price of $159.75.

Insider Buying and Selling at ICF International

In other news, COO James C. M. Morgan sold 2,500 shares of ICF International stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $152.50, for a total transaction of $381,250.00. Following the transaction, the chief operating officer now owns 40,163 shares in the company, valued at approximately $6,124,857.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other ICF International news, COO James C. M. Morgan sold 2,500 shares of ICF International stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $152.50, for a total value of $381,250.00. Following the completion of the sale, the chief operating officer now directly owns 40,163 shares of the company’s stock, valued at approximately $6,124,857.50. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Anne F. Choate sold 1,368 shares of the business’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $165.00, for a total transaction of $225,720.00. Following the transaction, the executive vice president now owns 3,417 shares in the company, valued at approximately $563,805. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,785 shares of company stock worth $1,278,648 over the last quarter. Corporate insiders own 1.39% of the company’s stock.

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.