FY2025 EPS Estimates for ICFI Boosted by Barrington Research

ICF International, Inc. (NASDAQ:ICFI - Free Report) - Research analysts at Barrington Research raised their FY2025 earnings estimates for shares of ICF International in a research report issued on Wednesday, June 11th. Barrington Research analyst K. Steinke now anticipates that the business services provider will post earnings of $6.99 per share for the year, up from their previous forecast of $6.84. Barrington Research has a "Outperform" rating and a $102.00 price objective on the stock. The consensus estimate for ICF International's current full-year earnings is $7.44 per share.

ICF International (NASDAQ:ICFI - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The business services provider reported $1.94 earnings per share for the quarter, beating the consensus estimate of $1.74 by $0.20. ICF International had a return on equity of 14.68% and a net margin of 5.38%. The company had revenue of $487.62 million for the quarter, compared to analyst estimates of $487.28 million. During the same period in the prior year, the company posted $1.77 EPS. The company's revenue was down 1.4% compared to the same quarter last year.

Several other research analysts have also recently commented on the stock. Canaccord Genuity Group reduced their target price on shares of ICF International from $100.00 to $90.00 and set a "hold" rating for the company in a report on Thursday, May 8th. Wall Street Zen cut ICF International from a "buy" rating to a "hold" rating in a report on Friday, May 2nd. Finally, Truist Financial reduced their price objective on ICF International from $97.00 to $85.00 and set a "hold" rating on the stock in a research note on Monday, April 14th. Three equities research 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, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $127.20.

ICF International Trading Down 1.2%

ICF International stock traded down $1.03 during midday trading on Friday, hitting $87.08. 180,150 shares of the stock were exchanged, compared to its average volume of 199,387. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.43. ICF International has a 52 week low of $75.91 and a 52 week high of $179.67. The company has a fifty day simple moving average of $84.64 and a two-hundred day simple moving average of $101.54. The stock has a market capitalization of $1.60 billion, a PE ratio of 15.30 and a beta of 0.51.

ICF International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Friday, June 6th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $0.56 annualized dividend and a dividend yield of 0.64%. ICF International's payout ratio is 9.61%.

Insider Buying and Selling

In other news, Director Scott B. Salmirs bought 1,250 shares of the stock in a transaction on Friday, June 6th. The shares were purchased at an average cost of $83.98 per share, for a total transaction of $104,975.00. Following the completion of the purchase, the director now directly owns 7,653 shares in the company, valued at $642,698.94. This represents a 19.52% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Randall Mehl acquired 2,000 shares of the stock in a transaction that occurred on Monday, June 9th. The stock was purchased at an average price of $84.40 per share, for a total transaction of $168,800.00. Following the completion of the purchase, the director now directly owns 17,754 shares in the company, valued at $1,498,437.60. This trade represents a 12.70% increase in their position. The disclosure for this purchase can be found here. 1.48% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On ICF International

Institutional investors and hedge funds have recently modified their holdings of the company. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of ICF International during the 4th quarter valued at $149,000. Cibc World Markets Corp purchased a new position in shares of ICF International in the 4th quarter worth about $208,000. Ethic Inc. bought a new position in shares of ICF International during the 4th quarter valued at about $292,000. Millstone Evans Group LLC bought a new stake in ICF International in the 4th quarter worth approximately $447,000. Finally, Handelsbanken Fonder AB boosted its stake in ICF International by 8.3% in the fourth quarter. Handelsbanken Fonder AB now owns 5,222 shares of the business services provider's stock worth $623,000 after buying an additional 400 shares in the last quarter. 94.12% of the stock is owned by hedge funds and other institutional investors.

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.