ICF International, Inc. to Post Q3 2024 Earnings of $1.87 Per Share, William Blair Forecasts (NASDAQ:ICFI)

ICF International, Inc. (NASDAQ:ICFI) – Equities researchers at William Blair boosted their Q3 2024 earnings per share (EPS) estimates for shares of ICF International in a report issued on Friday, August 2nd. William Blair analyst T. Mulrooney now expects that the business services provider will post earnings per share of $1.87 for the quarter, up from their previous forecast of $1.75. William Blair has a “Outperform” rating on the stock. The consensus estimate for ICF International’s current full-year earnings is $6.79 per share. William Blair also issued estimates for ICF International’s Q4 2024 earnings at $1.80 EPS, FY2024 earnings at $7.13 EPS, Q1 2025 earnings at $1.74 EPS, Q2 2025 earnings at $1.84 EPS, Q3 2025 earnings at $2.10 EPS and Q4 2025 earnings at $2.05 EPS.

ICF International (NASDAQ:ICFI) last posted its earnings results on Thursday, August 1st. The business services provider reported $1.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.49 by $0.20. ICF International had a net margin of 4.98% and a return on equity of 14.50%. The company had revenue of $512.03 million during the quarter, compared to analysts’ expectations of $505.70 million. During the same quarter last year, the company posted $1.57 EPS. ICF International’s quarterly revenue was up 2.4% compared to the same quarter last year.

Other analysts have also recently issued reports about the company. Truist Financial cut ICF International from a “buy” rating to a “hold” rating and dropped their price target for the stock from $168.00 to $155.00 in a report on Monday, July 1st. Barrington Research reiterated an “outperform” rating and set a $173.00 price objective on shares of ICF International in a research report on Friday, May 31st. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $159.50.

ICF International Trading Up 0.4 %

Shares of NASDAQ:ICFI opened at $153.50 on Monday. ICF International has a 12-month low of $115.67 and a 12-month high of $161.01. The business has a 50 day moving average of $141.57 and a 200-day moving average of $145.09. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.50. The stock has a market cap of $2.88 billion, a PE ratio of 31.20 and a beta of 0.60.

Institutional Investors Weigh In On ICF International

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Strs Ohio grew its position in ICF International by 14.9% during the 4th quarter. Strs Ohio now owns 54,816 shares of the business services provider’s stock worth $7,350,000 after acquiring an additional 7,100 shares during the last quarter. Handelsbanken Fonder AB increased its stake in shares of ICF International by 26.2% in the fourth quarter. Handelsbanken Fonder AB now owns 4,822 shares of the business services provider’s stock valued at $647,000 after buying an additional 1,000 shares during the period. TimesSquare Capital Management LLC acquired a new position in shares of ICF International in the fourth quarter valued at approximately $16,126,000. Torray Investment Partners LLC raised its holdings in ICF International by 1.0% in the 4th quarter. Torray Investment Partners LLC now owns 12,999 shares of the business services provider’s stock valued at $1,743,000 after buying an additional 130 shares during the last quarter. Finally, Argent Capital Management LLC boosted its position in ICF International by 1.8% during the 4th quarter. Argent Capital Management LLC now owns 24,270 shares of the business services provider’s stock worth $3,254,000 after buying an additional 419 shares during the period. 94.12% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CEO John Wasson sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 3rd. The shares were sold at an average price of $135.09, for a total transaction of $405,270.00. Following the completion of the sale, the chief executive officer now owns 19,045 shares of the company’s stock, valued at approximately $2,572,789.05. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CEO John Wasson sold 3,000 shares of ICF International stock in a transaction on Wednesday, July 3rd. The stock was sold at an average price of $135.09, for a total value of $405,270.00. Following the transaction, the chief executive officer now owns 19,045 shares in the company, valued at approximately $2,572,789.05. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO James C. M. Morgan sold 2,500 shares of the company’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $152.50, for a total value of $381,250.00. Following the sale, the chief operating officer now owns 40,163 shares of the company’s stock, valued at $6,124,857.50. The disclosure for this sale can be found here. Insiders sold 6,981 shares of company stock valued at $984,811 over the last quarter. 1.39% of the stock is owned by company insiders.

ICF International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 6th will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 0.36%. The ex-dividend date of this dividend is Friday, September 6th. ICF International’s dividend payout ratio (DPR) is presently 11.38%.

About ICF International

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.