ICF International (NASDAQ:ICFI) Issues Earnings Results

ICF International (NASDAQ:ICFI) released its earnings results on Tuesday. The business services provider reported $1.13 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.28, MarketWatch Earnings reports. ICF International had a net margin of 4.19% and a return on equity of 10.77%. The company had revenue of $378.40 million during the quarter, compared to the consensus estimate of $362.07 million. During the same quarter in the previous year, the firm earned $0.83 EPS. The company’s revenue was up 5.6% on a year-over-year basis. ICF International updated its FY 2021 guidance to 4.350-4.650 EPS and its FY21 guidance to $4.35-4.65 bln EPS.

Shares of ICF International stock traded down $0.95 during trading on Tuesday, hitting $91.09. 64,832 shares of the stock were exchanged, compared to its average volume of 76,280. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.34 and a current ratio of 1.34. ICF International has a 12 month low of $51.48 and a 12 month high of $94.19. The stock’s fifty day moving average is $90.36 and its 200 day moving average is $80.70. The stock has a market cap of $1.72 billion, a PE ratio of 28.29, a P/E/G ratio of 1.77 and a beta of 0.58.

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 13th. Stockholders of record on Friday, March 26th were issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 0.61%. The ex-dividend date of this dividend was Thursday, March 25th. ICF International’s dividend payout ratio (DPR) is 13.49%.

Several analysts recently weighed in on the company. Truist upped their price objective on ICF International from $95.00 to $102.00 in a research note on Friday, January 15th. Truist Securities upped their price target on ICF International from $102.00 to $118.00 and gave the company a “buy” rating in a research report on Thursday, April 1st. Truist Financial lifted their price objective on shares of ICF International from $102.00 to $118.00 in a report on Thursday, April 1st. Barrington Research boosted their target price on shares of ICF International from $88.00 to $96.00 in a research note on Thursday, March 4th. Finally, Canaccord Genuity raised their price target on shares of ICF International from $80.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, March 4th. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $97.75.

In related news, insider James C. M. Morgan sold 7,753 shares of the stock in a transaction that occurred on Friday, February 26th. The stock was sold at an average price of $88.03, for a total value of $682,496.59. Also, insider James C. M. Morgan sold 2,500 shares of ICF International stock in a transaction on Friday, April 9th. The shares were sold at an average price of $90.50, for a total value of $226,250.00. Following the sale, the insider now directly owns 49,254 shares in the company, valued at approximately $4,457,487. The disclosure for this sale can be found here. 4.25% of the stock is owned by company insiders.

ICF International Company Profile

ICF International, Inc provides management, marketing, 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, market, business, communication, and technology challenges.

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Earnings History for ICF International (NASDAQ:ICFI)

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