ICFI FY2025 EPS Forecast Raised by Barrington Research

Key Points

• Barrington Research has raised its FY2025 earnings per share forecast for ICF International to $7.06, up from the previous estimate of $6.99.
• The stock currently holds a Moderate Buy consensus rating with an average target price of $128.20.
• ICF International has declared a quarterly dividend of $0.14, with a payout ratio of 9.74%, to be paid on October 10th.

ICF International, Inc. (NASDAQ:ICFI - Free Report) - Equities researchers at Barrington Research increased their FY2025 earnings estimates for ICF International in a research report issued to clients and investors on Monday, August 11th. Barrington Research analyst K. Steinke now expects that the business services provider will post earnings per share of $7.06 for the year, up from their previous estimate of $6.99. Barrington Research currently has a "Outperform" rating and a $107.00 target price on the stock. The consensus estimate for ICF International's current full-year earnings is $7.44 per share.

Several other equities research analysts have also recently commented on the company. Wall Street Zen cut ICF International from a "buy" rating to a "hold" rating in a report on Friday, May 2nd. Truist Financial reduced their price objective on shares of ICF International from $97.00 to $85.00 and set a "hold" rating for the company in a research report on Monday, April 14th. Finally, Canaccord Genuity Group dropped their target price on shares of ICF International from $100.00 to $90.00 and set a "hold" rating on the stock in a report on Thursday, May 8th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $128.20.

ICF International Stock Down 0.5%

Shares of ICF International stock opened at $94.40 on Tuesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.29 and a quick ratio of 1.29. ICF International has a 1-year low of $75.91 and a 1-year high of $179.67. The business's fifty day moving average price is $86.32 and its two-hundred day moving average price is $89.63. The company has a market capitalization of $1.74 billion, a P/E ratio of 16.42 and a beta of 0.49.

ICF International (NASDAQ:ICFI - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The business services provider reported $1.66 EPS for the quarter, beating the consensus estimate of $1.63 by $0.03. ICF International had a net margin of 5.45% and a return on equity of 14.50%. The business had revenue of $476.16 million during the quarter, compared to analyst estimates of $482.84 million. During the same period in the previous year, the business posted $1.69 EPS. The company's quarterly revenue was down 7.2% on a year-over-year basis.

ICF International Dividend Announcement

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

Insider Activity at ICF International

In related news, Director Randall Mehl purchased 2,000 shares of the firm's stock in a transaction on Monday, June 9th. The shares were bought at an average cost of $84.40 per share, for a total transaction of $168,800.00. Following the transaction, the director directly owned 17,754 shares of the company's stock, valued at approximately $1,498,437.60. This trade represents a 12.70% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Scott B. Salmirs acquired 1,250 shares of the company's stock in a transaction dated Friday, June 6th. The shares were bought at an average price of $83.98 per share, for a total transaction of $104,975.00. Following the acquisition, the director owned 7,653 shares in the company, valued at approximately $642,698.94. This trade represents a 19.52% increase in their position. The disclosure for this purchase can be found here. Insiders own 1.39% of the company's stock.

Institutional Investors Weigh In On ICF International

A number of institutional investors have recently added to or reduced their stakes in ICFI. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of ICF International in the 4th quarter worth approximately $149,000. Ethic Inc. bought a new stake in shares of ICF International during the fourth quarter valued at approximately $292,000. Cornerstone Investment Partners LLC acquired a new position in shares of ICF International in the second quarter valued at $270,000. Police & Firemen s Retirement System of New Jersey raised its stake in shares of ICF International by 7.7% in 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 purchasing an additional 307 shares in the last quarter. Finally, Entropy Technologies LP bought a new position in ICF International in the first quarter worth $661,000. 94.12% of the stock is owned by institutional investors and hedge funds.

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.