ICF International, Inc. (NASDAQ:ICFI) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Key Points

• ICF International, Inc. has received a consensus recommendation of "Moderate Buy" from analysts, with an average 1-year price target of $128.20.
• Recent insider trading activity includes Director Scott B. Salmirs purchasing 1,250 shares, increasing his position by 19.52%, and Director Randall Mehl buying 2,000 shares, raising his position by 12.70%.
• The company reported earnings of $1.66 per share for the last quarter, exceeding analysts' expectations, although revenue declined by 7.2% year-over-year.

ICF International, Inc. (NASDAQ:ICFI - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the five research firms that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $128.20.

ICFI has been the topic of several recent research reports. Wall Street Zen cut ICF International from a "buy" rating to a "hold" rating in a research note on Friday, May 2nd. Canaccord Genuity Group cut their target price on ICF International from $100.00 to $90.00 and set a "hold" rating on the stock in a research note on Thursday, May 8th. Finally, Barrington Research increased their target price on ICF International from $102.00 to $107.00 and gave the stock an "outperform" rating in a research note on Monday, August 11th.

Insiders Place Their Bets

In related news, Director Scott B. Salmirs bought 1,250 shares of the business's stock in a transaction dated Friday, June 6th. The shares were purchased at an average cost of $83.98 per share, with a total value of $104,975.00. Following the completion of the purchase, the director owned 7,653 shares in the company, valued at approximately $642,698.94. The trade was a 19.52% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Randall Mehl bought 2,000 shares of the business's stock in a transaction dated Monday, June 9th. The stock was bought at an average cost of $84.40 per share, for a total transaction of $168,800.00. Following the completion of the purchase, the director owned 17,754 shares of the company's stock, valued at approximately $1,498,437.60. The trade was a 12.70% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 1.48% of the company's stock.

Institutional Investors Weigh In On ICF International

Several institutional investors have recently modified their holdings of the business. Police & Firemen s Retirement System of New Jersey boosted its position in shares of ICF International by 7.7% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 4,278 shares of the business services provider's stock valued at $362,000 after buying an additional 307 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of ICF International by 2,121.1% during the second quarter. EverSource Wealth Advisors LLC now owns 422 shares of the business services provider's stock valued at $36,000 after buying an additional 403 shares during the last quarter. MetLife Investment Management LLC boosted its position in shares of ICF International by 5.8% during the fourth quarter. MetLife Investment Management LLC now owns 11,395 shares of the business services provider's stock valued at $1,358,000 after buying an additional 626 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of ICF International during the fourth quarter valued at $149,000. Finally, Zions Bancorporation National Association UT boosted its position in shares of ICF International by 7.1% during the second quarter. Zions Bancorporation National Association UT now owns 21,063 shares of the business services provider's stock valued at $1,784,000 after buying an additional 1,393 shares during the last quarter. 94.12% of the stock is owned by hedge funds and other institutional investors.

ICF International Price Performance

Shares of ICFI stock opened at $100.14 on Friday. The stock has a market cap of $1.85 billion, a price-to-earnings ratio of 17.42 and a beta of 0.49. The business's fifty day moving average is $88.73 and its 200 day moving average is $88.74. ICF International has a twelve month low of $75.91 and a twelve month high of $179.67. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.47.

ICF International (NASDAQ:ICFI - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The business services provider reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.03. The company had revenue of $476.16 million for the quarter, compared to analysts' expectations of $482.84 million. ICF International had a return on equity of 14.50% and a net margin of 5.45%.The firm's revenue for the quarter was down 7.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.69 earnings per share. ICF International has set its FY 2025 guidance at 7.450-7.450 EPS. Research analysts expect that ICF International will post 7.44 EPS for the current fiscal year.

ICF International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Friday, September 5th will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Friday, September 5th. ICF International's dividend payout ratio is currently 9.74%.

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.

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