ICF International, Inc. (NASDAQ:ICFI) Given Consensus Recommendation of "Moderate Buy" by Brokerages

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 received an average recommendation of "Moderate Buy" from the five brokerages that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $128.20.

A number of research firms have issued reports on ICFI. Canaccord Genuity Group decreased their target price on ICF International from $100.00 to $90.00 and set a "hold" rating for the company in a research note on Thursday, May 8th. Barrington Research boosted their target price on ICF International from $102.00 to $107.00 and gave the company an "outperform" rating in a research note on Monday, August 11th. Finally, Wall Street Zen cut ICF International from a "buy" rating to a "hold" rating in a research note on Friday, May 2nd.

Insider Buying and Selling

In other news, Director Scott B. Salmirs bought 1,250 shares of the company's stock in a transaction that occurred on Friday, June 6th. The shares were acquired at an average price of $83.98 per share, with a total value of $104,975.00. Following the transaction, the director owned 7,653 shares in the company, valued at $642,698.94. This represents a 19.52% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Randall Mehl bought 2,000 shares of the company's stock in a transaction that occurred on Monday, June 9th. The stock was purchased at an average cost of $84.40 per share, for a total transaction of $168,800.00. Following the transaction, the director owned 17,754 shares in the company, valued at $1,498,437.60. The trade was 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 company insiders.

Institutional Trading of ICF International

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Police & Firemen s Retirement System of New Jersey raised its holdings in 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 worth $362,000 after acquiring an additional 307 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in 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 worth $36,000 after acquiring an additional 403 shares in the last quarter. MetLife Investment Management LLC raised its holdings in 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 worth $1,358,000 after acquiring an additional 626 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new stake in ICF International during the fourth quarter worth about $149,000. Finally, Zions Bancorporation National Association UT raised its holdings in 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 worth $1,784,000 after acquiring an additional 1,393 shares in the last quarter. Institutional investors own 94.12% of the company's stock.

ICF International Trading Down 1.4%

Shares of ICF International stock traded down $1.39 during trading on Friday, reaching $98.46. 112,805 shares of the company were exchanged, compared to its average volume of 225,790. 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 has a twelve month low of $75.91 and a twelve month high of $179.67. The business has a 50-day moving average price of $89.86 and a 200-day moving average price of $88.27. The firm has a market capitalization of $1.81 billion, a price-to-earnings ratio of 17.12 and a beta of 0.49.

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

ICF International Dividend Announcement

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