ICF International (NASDAQ:ICFI – Get Free Report) released its quarterly earnings data on Thursday. The business services provider reported $1.77 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.33, Briefing.com reports. The business had revenue of $494.44 million for the quarter, compared to analyst estimates of $487.95 million. ICF International had a return on equity of 13.94% and a net margin of 4.21%. ICF International’s revenue was up 2.3% compared to the same quarter last year. During the same period last year, the firm posted $1.42 earnings per share. ICF International updated its FY24 guidance to $6.60-6.90 EPS.
ICF International Trading Up 1.5 %
Shares of ICF International stock traded up $2.16 during trading on Friday, hitting $148.43. The company’s stock had a trading volume of 70,454 shares, compared to its average volume of 91,125. The stock has a market cap of $2.78 billion, a price-to-earnings ratio of 34.12 and a beta of 0.61. ICF International has a 52 week low of $108.58 and a 52 week high of $158.00. The stock has a 50-day moving average price of $148.34 and a two-hundred day moving average price of $139.76. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.07 and a quick ratio of 1.07.
ICF International Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Friday, June 7th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 0.38%. The ex-dividend date of this dividend is Friday, June 7th. ICF International’s payout ratio is currently 12.87%.
Insider Buying and Selling
Wall Street Analyst Weigh In
ICFI has been the topic of several research reports. Barrington Research lifted their price target on shares of ICF International from $145.00 to $173.00 and gave the company an “outperform” rating in a report on Monday, March 4th. Truist Financial boosted their target price on shares of ICF International from $148.00 to $168.00 and gave the stock a “buy” rating in a research note on Wednesday, February 28th. Finally, Canaccord Genuity Group reiterated a “buy” rating and issued a $170.00 price target on shares of ICF International in a research note on Tuesday, February 20th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, ICF International has a consensus rating of “Moderate Buy” and an average price target of $162.75.
View Our Latest Stock Report on ICF International
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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