Q2 2024 EPS Estimates for ICF International, Inc. Decreased by Analyst (NASDAQ:ICFI)

ICF International, Inc. (NASDAQ:ICFI) – Zacks Research cut their Q2 2024 earnings per share estimates for shares of ICF International in a report issued on Thursday, May 23rd. Zacks Research analyst S. Dey now anticipates that the business services provider will post earnings per share of $1.52 for the quarter, down from their previous forecast of $1.55. The consensus estimate for ICF International’s current full-year earnings is $6.79 per share. Zacks Research also issued estimates for ICF International’s Q3 2024 earnings at $1.75 EPS, Q4 2024 earnings at $1.74 EPS, FY2024 earnings at $6.78 EPS and Q4 2025 earnings at $1.97 EPS.

Other equities analysts have also issued reports about the stock. Truist Financial lifted their price objective on shares of ICF International from $148.00 to $168.00 and gave the company a “buy” rating in a report on Wednesday, February 28th. Canaccord Genuity Group reissued a “buy” rating and issued a $170.00 price target on shares of ICF International in a research report on Tuesday, February 20th. Finally, Barrington Research lifted their target price on ICF International from $145.00 to $173.00 and gave the company an “outperform” rating in a research note on Monday, March 4th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $162.75.

ICF International Trading Up 1.0 %

NASDAQ ICFI opened at $144.15 on Monday. The company’s 50-day simple moving average is $146.34 and its two-hundred day simple moving average is $142.28. ICF International has a one year low of $108.58 and a one year high of $158.00. The company has a market capitalization of $2.70 billion, a price-to-earnings ratio of 29.30 and a beta of 0.61. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.19 and a current ratio of 1.19.

ICF International (NASDAQ:ICFI) last announced its quarterly earnings results on Thursday, May 2nd. The business services provider reported $1.77 EPS for the quarter, beating the consensus estimate of $1.44 by $0.33. ICF International had a return on equity of 14.42% and a net margin of 4.74%. The firm had revenue of $494.44 million for the quarter, compared to analyst estimates of $487.95 million. During the same quarter last year, the firm posted $1.42 earnings per share. The business’s revenue for the quarter was up 2.3% on a year-over-year basis.

ICF International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Friday, June 7th will be issued a dividend of $0.14 per share. The ex-dividend date is Friday, June 7th. This represents a $0.56 annualized dividend and a dividend yield of 0.39%. ICF International’s dividend payout ratio is presently 11.38%.

Insider Transactions at ICF International

In related news, COO James C. M. Morgan sold 2,400 shares of the company’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $155.17, for a total transaction of $372,408.00. Following the transaction, the chief operating officer now directly owns 39,814 shares of the company’s stock, valued at approximately $6,177,938.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.39% of the company’s stock.

Hedge Funds Weigh In On ICF International

Several hedge funds have recently modified their holdings of ICFI. Neumeier Poma Investment Counsel LLC boosted its stake in ICF International by 63.9% in the 3rd quarter. Neumeier Poma Investment Counsel LLC now owns 336,005 shares of the business services provider’s stock worth $40,593,000 after purchasing an additional 130,995 shares in the last quarter. TimesSquare Capital Management LLC purchased a new stake in shares of ICF International during the fourth quarter valued at $16,126,000. Congress Asset Management Co. MA increased its position in shares of ICF International by 14.7% in the 1st quarter. Congress Asset Management Co. MA now owns 309,689 shares of the business services provider’s stock valued at $46,648,000 after acquiring an additional 39,709 shares during the period. EAM Investors LLC raised its stake in ICF International by 118.3% in the 3rd quarter. EAM Investors LLC now owns 21,690 shares of the business services provider’s stock worth $2,620,000 after acquiring an additional 11,752 shares during the last quarter. Finally, Trust Point Inc. acquired a new stake in ICF International during the 4th quarter worth about $995,000. Institutional investors and hedge funds own 94.12% of the company’s stock.

About ICF International

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.