ICF International, Inc. (NASDAQ:ICFI) to Issue Quarterly Dividend of $0.14

ICF International, Inc. (NASDAQ:ICFI) declared a quarterly dividend on Thursday, May 2nd, Zacks reports. Stockholders of record on Friday, June 7th will be paid a dividend of 0.14 per share by the business services provider on Friday, July 12th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.38%. The ex-dividend date of this dividend is Friday, June 7th.

ICF International has a dividend payout ratio of 7.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect ICF International to earn $7.72 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 7.3%.

ICF International Stock Performance

ICFI stock opened at $148.43 on Friday. The company has a 50-day simple moving average of $148.24 and a 200 day simple moving average of $139.88. The company has a market capitalization of $2.78 billion, a P/E ratio of 30.17 and a beta of 0.61. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.46. ICF International has a fifty-two week low of $108.58 and a fifty-two week high of $158.00.

ICF International (NASDAQ:ICFI) last issued its quarterly earnings results on Thursday, May 2nd. The business services provider reported $1.77 earnings per share for the quarter, topping analysts’ consensus estimates of $1.44 by $0.33. ICF International had a net margin of 4.74% and a return on equity of 14.51%. The company had revenue of $494.44 million during the quarter, compared to analyst estimates of $487.95 million. During the same period in the prior year, the business posted $1.42 EPS. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. Sell-side analysts predict that ICF International will post 6.77 earnings per share for the current fiscal year.

Insider Buying and Selling at ICF International

In other news, COO James C. M. Morgan sold 2,400 shares of the firm’s 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 sale, the chief operating officer now directly owns 39,814 shares of the company’s stock, valued at approximately $6,177,938.38. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.38% of the stock is owned by corporate insiders.

Analyst Ratings Changes

ICFI has been the topic of several research analyst reports. Truist Financial lifted their price target on ICF International from $148.00 to $168.00 and gave the company a “buy” rating in a research report on Wednesday, February 28th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $170.00 target price on shares of ICF International in a research note on Tuesday, February 20th. Finally, Barrington Research boosted their price target on shares of ICF International from $145.00 to $173.00 and gave the stock an “outperform” rating in a research report on Monday, March 4th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $162.75.

ICF International Company Profile

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.