ICF International (NASDAQ:ICFI) Releases FY24 Earnings Guidance

ICF International (NASDAQ:ICFI) updated its FY24 earnings guidance on Thursday. The company provided earnings per share guidance of $7.40-$7.50 for the period, compared to the consensus earnings per share estimate of $7.08.

Analyst Upgrades and Downgrades

Separately, Barrington Research reissued an “outperform” rating and set a $174.00 price objective on shares of ICF International in a research note on Friday, September 20th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $159.75.

ICF International Trading Down 1.5 %

ICFI stock traded down $2.51 during midday trading on Thursday, hitting $168.59. The company had a trading volume of 94,378 shares, compared to its average volume of 97,050. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.46. ICF International has a 52 week low of $115.67 and a 52 week high of $178.18. The stock has a market cap of $3.16 billion, a price-to-earnings ratio of 32.66 and a beta of 0.61. The stock’s 50 day moving average price is $166.67 and its 200 day moving average price is $152.35.

ICF International (NASDAQ:ICFI) last announced its quarterly 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. The business had revenue of $512.03 million for the quarter, compared to analyst estimates of $505.70 million. ICF International had a net margin of 4.98% and a return on equity of 14.37%. The company’s revenue was up 2.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.57 EPS. As a group, equities research analysts expect that ICF International will post 7.06 earnings per share for the current fiscal year.

Insider Buying and Selling

In other ICF International news, COO James C. M. Morgan sold 2,500 shares of the business’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $175.07, for a total transaction of $437,675.00. Following the transaction, the chief operating officer now directly owns 37,663 shares of the company’s stock, valued at approximately $6,593,661.41. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other ICF International news, COO James C. M. Morgan sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $175.07, for a total transaction of $437,675.00. Following the transaction, the chief operating officer now owns 37,663 shares in the company, valued at approximately $6,593,661.41. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Anne F. Choate sold 1,368 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $165.00, for a total value of $225,720.00. Following the completion of the transaction, the executive vice president now owns 3,417 shares of the company’s stock, valued at approximately $563,805. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,785 shares of company stock valued at $1,278,648 over the last ninety days. 1.39% of the stock is owned by insiders.

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.