ICF International (NASDAQ:ICFI) Issues FY24 Earnings Guidance

ICF International (NASDAQ:ICFI) issued an update on its FY24 earnings guidance on Thursday morning. The company provided EPS guidance of $7.40-$7.50 for the period, compared to the consensus EPS estimate of $7.08. ICF International also updated its FY 2024 guidance to 7.400-7.500 EPS.

ICF International Trading Down 0.5 %

NASDAQ:ICFI traded down $0.82 on Friday, reaching $167.77. The company’s stock had a trading volume of 190,302 shares, compared to its average volume of 84,942. ICF International has a 1-year low of $115.67 and a 1-year high of $178.18. The business’s 50-day moving average price is $166.94 and its two-hundred day moving average price is $152.74. The firm has a market cap of $3.15 billion, a PE ratio of 29.49 and a beta of 0.61. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.19 and a current ratio of 1.19.

ICF International (NASDAQ:ICFI) last issued its quarterly earnings data on Thursday, October 31st. The business services provider reported $2.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.81 by $0.32. The business had revenue of $517.00 million during the quarter, compared to analyst estimates of $528.02 million. ICF International had a return on equity of 14.88% and a net margin of 5.38%. ICF International’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.81 EPS. Equities research analysts anticipate that ICF International will post 7.06 earnings per share for the current fiscal year.

ICF International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Friday, December 6th will be issued a dividend of $0.14 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.33%. ICF International’s payout ratio is 9.84%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on ICFI shares. Barrington Research reiterated an “outperform” rating and set a $174.00 target price on shares of ICF International in a report on Friday, September 20th. Truist Financial lifted their target price on ICF International from $155.00 to $180.00 and gave the company a “hold” rating in a research report on Friday. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $166.00.

Insider Buying and Selling

In other ICF International news, COO James C. M. Morgan sold 2,500 shares of ICF International stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $175.07, for a total value of $437,675.00. Following the completion of the transaction, the chief operating officer now directly owns 37,663 shares of the company’s stock, valued at $6,593,661.41. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO John Wasson sold 1,417 shares of the business’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $165.14, for a total transaction of $234,003.38. Following the completion of the transaction, the chief executive officer now owns 52,605 shares of the company’s stock, valued at approximately $8,687,189.70. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO James C. M. Morgan sold 2,500 shares of the business’s stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $175.07, for a total value of $437,675.00. Following the transaction, the chief operating officer now directly owns 37,663 shares of the company’s stock, valued at approximately $6,593,661.41. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,285 shares of company stock valued at $897,398. 1.39% of the stock is owned by company insiders.

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.