ICF International, Inc. (NASDAQ:ICFI – Get Rating) – Research analysts at Zacks Research upped their Q1 2023 earnings per share estimates for shares of ICF International in a research note issued on Tuesday, March 14th. Zacks Research analyst A. Ganguly now forecasts that the business services provider will earn $1.39 per share for the quarter, up from their previous estimate of $1.33. The consensus estimate for ICF International’s current full-year earnings is $6.30 per share. Zacks Research also issued estimates for ICF International’s Q4 2023 earnings at $1.64 EPS, FY2023 earnings at $6.32 EPS, Q1 2024 earnings at $1.65 EPS, Q2 2024 earnings at $1.62 EPS, Q3 2024 earnings at $1.85 EPS, Q4 2024 earnings at $1.81 EPS, FY2024 earnings at $6.93 EPS and FY2025 earnings at $8.19 EPS.
ICF International (NASDAQ:ICFI – Get Rating) last announced its quarterly earnings results on Tuesday, February 28th. The business services provider reported $1.56 EPS for the quarter, beating analysts’ consensus estimates of $1.49 by $0.07. The firm had revenue of $475.60 million during the quarter, compared to analysts’ expectations of $472.27 million. ICF International had a net margin of 3.61% and a return on equity of 13.31%. The company’s revenue for the quarter was up 22.6% compared to the same quarter last year. During the same quarter last year, the company posted $1.19 earnings per share.
ICF International Trading Up 1.1 %
Shares of NASDAQ:ICFI opened at $108.54 on Thursday. ICF International has a 52-week low of $88.98 and a 52-week high of $121.28. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.12 and a current ratio of 1.12. The company has a market capitalization of $2.03 billion, a P/E ratio of 32.01 and a beta of 0.57. The company has a 50-day simple moving average of $103.46 and a 200 day simple moving average of $106.10.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in ICFI. Bank of New York Mellon Corp lifted its holdings in shares of ICF International by 0.6% during the first quarter. Bank of New York Mellon Corp now owns 104,566 shares of the business services provider’s stock worth $9,844,000 after buying an additional 665 shares in the last quarter. MetLife Investment Management LLC raised its stake in ICF International by 42.3% in the 1st quarter. MetLife Investment Management LLC now owns 9,571 shares of the business services provider’s stock worth $901,000 after purchasing an additional 2,846 shares in the last quarter. Lord Abbett & CO. LLC boosted its holdings in ICF International by 3.0% in the 1st quarter. Lord Abbett & CO. LLC now owns 153,474 shares of the business services provider’s stock valued at $14,448,000 after purchasing an additional 4,452 shares during the period. Zions Bancorporation N.A. grew its position in shares of ICF International by 38.1% during the 1st quarter. Zions Bancorporation N.A. now owns 8,588 shares of the business services provider’s stock worth $808,000 after purchasing an additional 2,369 shares in the last quarter. Finally, Clearbridge Investments LLC increased its holdings in shares of ICF International by 1.0% during the first quarter. Clearbridge Investments LLC now owns 153,662 shares of the business services provider’s stock worth $14,466,000 after purchasing an additional 1,473 shares during the period. 94.05% of the stock is owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other news, Director Srikant M. Datar sold 382 shares of the company’s stock in a transaction that occurred on Monday, March 6th. The stock was sold at an average price of $114.00, for a total value of $43,548.00. Following the transaction, the director now owns 2,425 shares of the company’s stock, valued at $276,450. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.60% of the company’s stock.
ICF International Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, April 13th. Shareholders of record on Friday, March 24th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Thursday, March 23rd. This represents a $0.56 annualized dividend and a yield of 0.52%. ICF International’s dividend payout ratio is currently 16.52%.
About ICF International
ICF International, Inc engages in the provision of professional services and technology-based solutions to government and commercial clients, including management, marketing, technology, and policy consulting and implementation services. The company was founded in 1969 and is headquartered in Reston, VA.
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