ICF International, Inc. (ICFI) To Go Ex-Dividend on December 6th

ICF International, Inc. (NASDAQ:ICFI) announced a quarterly dividend on Thursday, October 31st,Zacks Dividends reports. Shareholders of record on Friday, December 6th will be given a dividend of 0.14 per share by the business services provider on Friday, January 10th. This represents a $0.56 dividend on an annualized basis and a yield of 0.41%. The ex-dividend date of this dividend is Friday, December 6th.

ICF International has a dividend payout ratio of 7.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect ICF International to earn $8.07 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 0.2 %

ICF International stock opened at $135.38 on Wednesday. The firm has a market capitalization of $2.54 billion, a P/E ratio of 23.79 and a beta of 0.54. The stock’s fifty day simple moving average is $160.08 and its 200-day simple moving average is $153.34. ICF International has a twelve month low of $128.28 and a twelve month high of $179.67. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.43.

ICF International (NASDAQ:ICFI) last issued its quarterly earnings results on Friday, November 1st. The business services provider reported $2.13 earnings per share for the quarter, topping the consensus estimate of $1.77 by $0.36. The company had revenue of $517.00 million for the quarter, compared to the consensus estimate of $528.02 million. ICF International had a return on equity of 14.68% and a net margin of 5.38%. ICF International’s revenue was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.81 EPS. As a group, equities analysts expect that ICF International will post 7.44 earnings per share for the current fiscal year.

Insider Buying and Selling

In other ICF International news, EVP Anne F. Choate sold 1,438 shares of ICF International stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $173.63, for a total value of $249,679.94. Following the transaction, the executive vice president now directly owns 3,417 shares in the company, valued at approximately $593,293.71. The trade was a 29.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Scott B. Salmirs purchased 400 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were bought at an average cost of $138.38 per share, for a total transaction of $55,352.00. Following the acquisition, the director now owns 5,803 shares of the company’s stock, valued at approximately $803,019.14. The trade was a 7.40 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 4,038 shares of company stock worth $705,355 in the last ninety days. 1.39% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Barrington Research reiterated an “outperform” rating and issued a $174.00 price target on shares of ICF International in a research note on Friday, September 20th. Sidoti upgraded shares of ICF International from a “neutral” rating to a “buy” rating and set a $185.00 price objective on the stock in a report on Tuesday, November 19th. Truist Financial lowered their target price on shares of ICF International from $180.00 to $140.00 and set a “hold” rating for the company in a research note on Friday, November 22nd. Finally, StockNews.com cut ICF International from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 27th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, ICF International has an average rating of “Moderate Buy” and an average target price of $167.25.

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.