Barrington Research Predicts ICFI FY2024 Earnings

ICF International, Inc. (NASDAQ:ICFI) – Research analysts at Barrington Research increased their FY2024 earnings per share estimates for shares of ICF International in a research report issued to clients and investors on Monday, December 16th. Barrington Research analyst K. Steinke now expects that the business services provider will post earnings of $7.44 per share for the year, up from their previous forecast of $7.05. Barrington Research has a “Outperform” rating and a $174.00 price target on the stock. The consensus estimate for ICF International’s current full-year earnings is $7.35 per share. Barrington Research also issued estimates for ICF International’s Q4 2024 earnings at $1.85 EPS and FY2025 earnings at $8.15 EPS.

Several other research firms have also recently commented on ICFI. Truist Financial decreased 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, November 22nd. D. Boral Capital restated an “outperform” rating and set a $174.00 target price on shares of ICF International in a research report on Monday. StockNews.com cut ICF International from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 27th. Finally, Sidoti raised ICF International from a “neutral” rating to a “buy” rating and set a $185.00 price objective for the company in a report on Tuesday, November 19th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $168.60.

ICF International Stock Down 3.2 %

NASDAQ ICFI opened at $122.34 on Wednesday. The stock’s 50 day simple moving average is $151.85 and its 200 day simple moving average is $152.20. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.21 and a quick ratio of 1.21. The firm has a market cap of $2.30 billion, a PE ratio of 21.50 and a beta of 0.54. ICF International has a one year low of $122.00 and a one year high of $179.67.

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

Hedge Funds Weigh In On ICF International

Several hedge funds have recently modified their holdings of the stock. Farther Finance Advisors LLC boosted its position in ICF International by 13.1% during the third quarter. Farther Finance Advisors LLC now owns 502 shares of the business services provider’s stock valued at $84,000 after purchasing an additional 58 shares during the last quarter. Marshall Wace LLP bought a new position in shares of ICF International in the second quarter valued at $301,000. AlphaMark Advisors LLC acquired a new position in ICF International during the third quarter worth $342,000. Martingale Asset Management L P raised its position in ICF International by 25.5% during the third quarter. Martingale Asset Management L P now owns 3,399 shares of the business services provider’s stock worth $567,000 after acquiring an additional 690 shares in the last quarter. Finally, Captrust Financial Advisors lifted its stake in ICF International by 36.5% in the third quarter. Captrust Financial Advisors now owns 3,617 shares of the business services provider’s stock valued at $603,000 after acquiring an additional 967 shares during the last quarter. Institutional investors own 94.12% of the company’s stock.

Insider Activity at ICF International

In other ICF International news, COO James C. M. Morgan sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $175.07, for a total transaction of $437,675.00. Following the sale, the chief operating officer now directly owns 37,663 shares in the company, valued at approximately $6,593,661.41. This trade represents a 6.22 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Scott B. Salmirs acquired 400 shares of the stock in a transaction dated Monday, November 18th. The shares were bought at an average cost of $138.38 per share, with a total value of $55,352.00. Following the transaction, the director now directly owns 5,803 shares of the company’s stock, valued at $803,019.14. This represents a 7.40 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 4,038 shares of company stock worth $705,355. 1.39% of the stock is currently owned by company insiders.

ICF International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Friday, December 6th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 0.46%. The ex-dividend date of this dividend is Friday, December 6th. ICF International’s payout ratio is 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.