Q3 2024 Earnings Forecast for ICF International, Inc. Issued By Barrington Research (NASDAQ:ICFI)

ICF International, Inc. (NASDAQ:ICFI) – Equities research analysts at Barrington Research lifted their Q3 2024 earnings per share estimates for shares of ICF International in a report released on Monday, August 12th. Barrington Research analyst K. Steinke now anticipates that the business services provider will earn $1.81 per share for the quarter, up from their prior forecast of $1.73. Barrington Research has a “Outperform” rating and a $174.00 price target on the stock. The consensus estimate for ICF International’s current full-year earnings is $6.79 per share. Barrington Research also issued estimates for ICF International’s Q4 2024 earnings at $1.78 EPS, FY2024 earnings at $7.05 EPS and FY2025 earnings at $7.90 EPS.

Several other equities analysts have also recently issued reports on the stock. Truist Financial cut shares of ICF International from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $168.00 to $155.00 in a research note on Monday, July 1st. William Blair upgraded shares of ICF International from a “market perform” rating to an “outperform” rating in a research report on Monday, June 24th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, ICF International presently has a consensus rating of “Moderate Buy” and a consensus target price of $159.75.

ICF International Price Performance

Shares of NASDAQ ICFI opened at $158.84 on Wednesday. The stock has a market cap of $2.98 billion, a P/E ratio of 32.28 and a beta of 0.60. The firm’s 50-day simple moving average is $143.78 and its 200 day simple moving average is $145.94. ICF International has a fifty-two week low of $115.67 and a fifty-two week high of $161.01. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.50.

ICF International (NASDAQ:ICFI) last issued its quarterly earnings data on Thursday, August 1st. The business services provider reported $1.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.49 by $0.20. ICF International had a return on equity of 14.50% and a net margin of 4.98%. The business had revenue of $512.03 million during the quarter, compared to analyst estimates of $505.70 million. During the same period in the prior year, the company posted $1.57 EPS. The business’s revenue for the quarter was up 2.4% compared to the same quarter last year.

Institutional Trading of ICF International

Institutional investors and hedge funds have recently made changes to their positions in the stock. Congress Asset Management Co. MA raised its stake in shares of ICF International by 14.7% in the 1st quarter. Congress Asset Management Co. MA now owns 309,689 shares of the business services provider’s stock valued at $46,648,000 after acquiring an additional 39,709 shares in the last quarter. TimesSquare Capital Management LLC grew its holdings in ICF International by 5.5% during the first quarter. TimesSquare Capital Management LLC now owns 126,835 shares of the business services provider’s stock valued at $19,105,000 after purchasing an additional 6,570 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in ICF International by 9.4% during the first quarter. BNP Paribas Financial Markets now owns 16,536 shares of the business services provider’s stock valued at $2,491,000 after purchasing an additional 1,419 shares during the last quarter. Strs Ohio raised its position in shares of ICF International by 14.9% in the fourth quarter. Strs Ohio now owns 54,816 shares of the business services provider’s stock valued at $7,350,000 after purchasing an additional 7,100 shares during the period. Finally, Handelsbanken Fonder AB lifted its stake in shares of ICF International by 26.2% in the fourth quarter. Handelsbanken Fonder AB now owns 4,822 shares of the business services provider’s stock worth $647,000 after buying an additional 1,000 shares during the last quarter. Institutional investors and hedge funds own 94.12% of the company’s stock.

Insider Transactions at ICF International

In other news, CEO John Wasson sold 3,000 shares of the company’s stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $135.09, for a total value of $405,270.00. Following the transaction, the chief executive officer now directly owns 19,045 shares of the company’s stock, valued at $2,572,789.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, COO James C. M. Morgan sold 2,500 shares of the firm’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $152.50, for a total transaction of $381,250.00. Following the transaction, the chief operating officer now owns 40,163 shares in the company, valued at approximately $6,124,857.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO John Wasson sold 3,000 shares of the stock in a transaction on Wednesday, July 3rd. The stock was sold at an average price of $135.09, for a total transaction of $405,270.00. Following the transaction, the chief executive officer now directly owns 19,045 shares in the company, valued at $2,572,789.05. The disclosure for this sale can be found here. Insiders sold 6,981 shares of company stock valued at $984,811 over the last three months. 1.39% of the stock is owned by corporate insiders.

ICF International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 6th will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 0.35%. The ex-dividend date is Friday, September 6th. ICF International’s payout ratio is 11.38%.

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.