ICF International (ICFI) Scheduled to Post Earnings on Thursday

ICF International (NASDAQ:ICFI) is scheduled to release its earnings data before the market opens on Thursday, May 2nd. Analysts expect ICF International to post earnings of $1.44 per share for the quarter. ICF International has set its FY24 guidance at $6.60-6.90 EPS and its FY 2024 guidance at 6.600-6.900 EPS.Individual interested in participating in the company’s earnings conference call can do so using this link.

ICF International (NASDAQ:ICFI) last announced its quarterly earnings data on Tuesday, February 27th. The business services provider reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.04. The firm had revenue of $478.35 million for the quarter, compared to analysts’ expectations of $480.75 million. ICF International had a return on equity of 13.94% and a net margin of 4.21%. ICF International’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.56 earnings per share. On average, analysts expect ICF International to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

ICF International Stock Up 0.1 %

Shares of ICF International stock opened at $141.98 on Thursday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.46. The business’s 50 day simple moving average is $149.32 and its 200-day simple moving average is $139.26. The stock has a market capitalization of $2.66 billion, a price-to-earnings ratio of 32.64 and a beta of 0.60. ICF International has a twelve month low of $105.18 and a twelve month high of $158.00.

ICF International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 22nd were given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.39%. The ex-dividend date was Thursday, March 21st. ICF International’s payout ratio is 12.87%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on ICFI shares. Barrington Research increased their price target on ICF International from $145.00 to $173.00 and gave the stock an “outperform” rating in a research report on Monday, March 4th. Truist Financial raised their target price on ICF International from $148.00 to $168.00 and gave the company a “buy” rating in a research report on Wednesday, February 28th. Finally, Canaccord Genuity Group restated a “buy” rating and issued a $170.00 target price on shares of ICF International in a research report on Tuesday, February 20th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $162.75.

Insider Activity at ICF International

In other ICF International news, COO James C. M. Morgan sold 2,400 shares of the stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $155.17, for a total transaction of $372,408.00. Following the completion of 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 SEC, which is accessible through the SEC website. 1.38% of the stock is owned by insiders.

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.