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

Key Points

• ICF International, Inc. announced a quarterly dividend of $0.14 per share, with the ex-dividend date set for September 5th and payment scheduled for October 10th.
• The company's recent earnings report showed a net margin of 5.45% and a revenue decline of 7.2% year-over-year, with earnings per share of $1.66 beating estimates by $0.03.
• ICF International's stock rose by 5.4% on the day of the announcement, reaching a price of $88.45 amid increased trading volume.

ICF International, Inc. (NASDAQ:ICFI - Get Free Report) announced a quarterly dividend on Friday, August 1st, Wall Street Journal reports. Stockholders of record on Friday, September 5th will be paid a dividend of 0.14 per share by the business services provider on Friday, October 10th. This represents a c) annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Friday, September 5th.

ICF International has a dividend payout ratio of 7.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect ICF International to earn $8.13 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 6.9%.

ICF International Stock Up 5.4%

Shares of ICFI stock traded up $4.56 on Friday, hitting $88.45. The stock had a trading volume of 602,772 shares, compared to its average volume of 245,937. The stock has a market cap of $1.63 billion, a price-to-earnings ratio of 15.17 and a beta of 0.50. The business has a 50 day moving average of $85.42 and a 200 day moving average of $91.99. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.34 and a quick ratio of 1.34. ICF International has a 12-month low of $75.91 and a 12-month high of $179.67.

ICF International (NASDAQ:ICFI - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The business services provider reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.03. The company had revenue of $476.16 million during the quarter, compared to analyst estimates of $482.84 million. ICF International had a net margin of 5.45% and a return on equity of 14.84%. The firm's revenue for the quarter was down 7.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.69 earnings per share. As a group, analysts expect that ICF International will post 7.44 EPS for the current year.

Insider Transactions at ICF International

In other news, Director Randall Mehl purchased 2,000 shares of the stock in a transaction dated Monday, June 9th. The shares were purchased at an average cost of $84.40 per share, with a total value of $168,800.00. Following the completion of the acquisition, the director owned 17,754 shares in the company, valued at $1,498,437.60. This represents a 12.70% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Scott B. Salmirs purchased 1,250 shares of the stock in a transaction dated Friday, June 6th. The stock was purchased at an average cost of $83.98 per share, for a total transaction of $104,975.00. Following the completion of the acquisition, the director owned 7,653 shares of the company's stock, valued at approximately $642,698.94. This represents a 19.52% 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

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Argent Capital Management LLC raised its stake in ICF International by 26.4% in the second quarter. Argent Capital Management LLC now owns 47,946 shares of the business services provider's stock valued at $4,062,000 after purchasing an additional 10,028 shares in the last quarter. Third Avenue Management LLC raised its stake in shares of ICF International by 6.4% during the first quarter. Third Avenue Management LLC now owns 47,024 shares of the business services provider's stock worth $3,996,000 after acquiring an additional 2,836 shares in the last quarter. Quantbot Technologies LP raised its stake in shares of ICF International by 25.7% during the first quarter. Quantbot Technologies LP now owns 35,592 shares of the business services provider's stock worth $3,024,000 after acquiring an additional 7,282 shares in the last quarter. Entropy Technologies LP purchased a new position in shares of ICF International during the first quarter worth approximately $661,000. Finally, Zions Bancorporation National Association UT purchased a new position in shares of ICF International during the first quarter worth approximately $1,671,000. 94.12% of the stock is owned by hedge funds and other institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.