ICF International (NASDAQ:ICFI – Get Free Report) posted its quarterly earnings data on Thursday. The business services provider reported $1.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.33, Briefing.com reports. ICF International had a return on equity of 13.94% and a net margin of 4.21%. The company had revenue of $494.44 million during the quarter, compared to analyst estimates of $487.95 million. During the same quarter last year, the company earned $1.42 earnings per share. The firm’s quarterly revenue was up 2.3% on a year-over-year basis. ICF International updated its FY24 guidance to $6.60-6.90 EPS.
ICF International Price Performance
ICFI traded up $2.16 during midday trading on Friday, hitting $148.43. The stock had a trading volume of 70,454 shares, compared to its average volume of 91,125. The company has a market cap of $2.78 billion, a P/E ratio of 34.12 and a beta of 0.61. ICF International has a 1 year low of $108.58 and a 1 year high of $158.00. The business has a fifty day moving average of $148.34 and a 200 day moving average of $139.76. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.07 and a current ratio of 1.07.
ICF International Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Friday, June 7th will be given a $0.14 dividend. The ex-dividend date is Friday, June 7th. This represents a $0.56 dividend on an annualized basis and a yield of 0.38%. ICF International’s payout ratio is 12.87%.
Insiders Place Their Bets
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on the company. Canaccord Genuity Group reiterated a “buy” rating and set a $170.00 price target on shares of ICF International in a research report on Tuesday, February 20th. Barrington Research lifted their target price on shares of ICF International from $145.00 to $173.00 and gave the company an “outperform” rating in a research report on Monday, March 4th. Finally, Truist Financial increased their price target on shares of ICF International from $148.00 to $168.00 and gave the stock a “buy” rating in a report on Wednesday, February 28th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, ICF International has a consensus rating of “Moderate Buy” and a consensus price target of $162.75.
Check Out Our Latest Stock Report on ICFI
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.
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