ICF International (NASDAQ:ICFI) to Buyback $100.00 million in Shares

ICF International (NASDAQ:ICFI) declared that its board has initiated a share buyback program on Thursday, June 25th, RTT News reports. The company plans to buyback $100.00 million in outstanding shares. This buyback authorization permits the business services provider to repurchase up to 8.1% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

ICF International Stock Performance

Shares of ICFI traded down $2.78 on Thursday, reaching $65.11. 257,384 shares of the company’s stock traded hands, compared to its average volume of 243,542. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.43. The stock has a market cap of $1.18 billion, a PE ratio of 14.09 and a beta of 0.54. The stock’s 50 day simple moving average is $68.76 and its two-hundred day simple moving average is $76.66. ICF International has a 52-week low of $58.83 and a 52-week high of $101.71.

ICF International (NASDAQ:ICFI) last issued its quarterly earnings results on Thursday, May 7th. The business services provider reported $1.50 EPS for the quarter, missing analysts’ consensus estimates of $1.55 by ($0.05). ICF International had a return on equity of 11.38% and a net margin of 4.68%.The business had revenue of $437.50 million for the quarter, compared to the consensus estimate of $448.63 million. During the same quarter last year, the business posted $1.94 earnings per share. The business’s revenue was down 10.3% compared to the same quarter last year. ICF International has set its FY 2026 guidance at 6.950-7.250 EPS. On average, analysts forecast that ICF International will post 7.01 earnings per share for the current fiscal year.

ICF International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Friday, June 5th will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, June 5th. ICF International’s payout ratio is presently 12.12%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Barrington Research reiterated an “outperform” rating and issued a $102.00 target price on shares of ICF International in a research note on Wednesday, March 4th. Weiss Ratings cut shares of ICF International from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, April 29th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, ICF International presently has a consensus rating of “Hold” and an average target price of $102.33.

Insider Activity at ICF International

In related news, Director Handel Michael J. Van purchased 8,000 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The shares were bought at an average cost of $61.39 per share, with a total value of $491,120.00. Following the acquisition, the director owned 24,254 shares of the company’s stock, valued at $1,488,953.06. This represents a 49.22% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.48% of the stock is owned by insiders.

About ICF International

ICF International (NASDAQ: ICFI), commonly known as ICF, is a global consulting and digital services provider specializing in the intersection of strategy, technology, and policy. The firm delivers integrated services and solutions to government and commercial clients in areas such as energy and environment, health and social programs, transportation, infrastructure, technology, and marketing and communications. ICF’s offerings span strategic planning, data analytics, program evaluation, digital transformation, and implementation support.

Founded in 1969 and headquartered in Reston, Virginia, ICF has grown through both organic expansion and targeted acquisitions to broaden its capabilities and geographic reach.