What is Zacks Research’s Estimate for ICFI FY2024 Earnings?

ICF International, Inc. (NASDAQ:ICFI) – Investment analysts at Zacks Research increased their FY2024 earnings estimates for shares of ICF International in a report released on Wednesday, November 20th. Zacks Research analyst A. Bose now expects that the business services provider will earn $7.42 per share for the year, up from their prior forecast of $6.97. The consensus estimate for ICF International’s current full-year earnings is $7.45 per share. Zacks Research also issued estimates for ICF International’s Q4 2024 earnings at $1.83 EPS, Q1 2025 earnings at $1.83 EPS, Q3 2025 earnings at $2.09 EPS, FY2025 earnings at $7.84 EPS, Q2 2026 earnings at $2.22 EPS and FY2026 earnings at $9.01 EPS.

Several other research analysts have also commented on the stock. Truist Financial dropped their price target on shares of ICF International from $180.00 to $140.00 and set a “hold” rating on the stock in a research note on Friday. StockNews.com upgraded shares of ICF International from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 12th. Sidoti upgraded shares of ICF International from a “neutral” rating to a “buy” rating and set a $185.00 price target on the stock in a research note on Tuesday. Finally, Barrington Research restated an “outperform” rating and set a $174.00 price target on shares of ICF International in a research note on Friday, September 20th. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $167.25.

ICF International Stock Performance

Shares of ICFI opened at $134.29 on Friday. The company’s fifty day moving average is $164.38 and its 200-day moving average is $153.91. ICF International has a 12 month low of $128.28 and a 12 month high of $179.67. The firm has a market cap of $2.52 billion, a price-to-earnings ratio of 23.60 and a beta of 0.61. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.43.

ICF International (NASDAQ:ICFI) last released its earnings results on Friday, November 1st. The business services provider reported $2.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.77 by $0.36. ICF International had a net margin of 5.38% and a return on equity of 14.68%. The company had revenue of $517.00 million during the quarter, compared to the consensus estimate of $528.02 million. During the same quarter in the prior year, the firm earned $1.81 EPS. The company’s revenue was up 3.1% compared to the same quarter last year.

Institutional Trading of ICF International

Several hedge funds and other institutional investors have recently bought and sold shares of ICFI. Geode Capital Management LLC lifted its holdings in shares of ICF International by 4.3% during the 3rd quarter. Geode Capital Management LLC now owns 440,985 shares of the business services provider’s stock worth $73,566,000 after acquiring an additional 18,109 shares during the period. Congress Asset Management Co. lifted its holdings in shares of ICF International by 10.7% during the 3rd quarter. Congress Asset Management Co. now owns 353,824 shares of the business services provider’s stock worth $59,014,000 after acquiring an additional 34,299 shares during the period. Systematic Financial Management LP lifted its holdings in shares of ICF International by 0.9% during the 3rd quarter. Systematic Financial Management LP now owns 279,048 shares of the business services provider’s stock worth $46,542,000 after acquiring an additional 2,484 shares during the period. Peregrine Capital Management LLC lifted its holdings in shares of ICF International by 1.3% during the 2nd quarter. Peregrine Capital Management LLC now owns 106,541 shares of the business services provider’s stock worth $15,817,000 after acquiring an additional 1,367 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in shares of ICF International by 2.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 99,542 shares of the business services provider’s stock worth $14,778,000 after acquiring an additional 2,173 shares during the period. 94.12% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at ICF International

In related news, Director Scott B. Salmirs purchased 400 shares of the firm’s stock in a transaction on Monday, November 18th. The shares were bought at an average cost of $138.38 per share, for a total transaction of $55,352.00. Following the transaction, the director now directly owns 5,803 shares of the company’s stock, valued at approximately $803,019.14. This trade represents a 7.40 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, COO James C. M. Morgan sold 2,500 shares of the firm’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $175.07, for a total transaction of $437,675.00. Following the completion of the sale, the chief operating officer now owns 37,663 shares in the company, valued at $6,593,661.41. This represents a 6.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,823 shares of company stock worth $1,165,078. 1.39% of the stock is owned by insiders.

ICF International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Friday, December 6th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.56 dividend on an annualized basis and a yield of 0.42%. ICF International’s payout ratio is presently 9.84%.

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.