ICF International, Inc. (NASDAQ:ICFI) Expected to Post Q2 2024 Earnings of $1.92 Per Share

Posted by Defense World Staff on Jun 23rd, 2023

ICF International, Inc. (NASDAQ:ICFI – Get Rating) – Research analysts at Zacks Research raised their Q2 2024 earnings per share estimates for ICF International in a note issued to investors on Monday, June 19th. Zacks Research analyst S. Dey now forecasts that the business services provider will post earnings per share of $1.92 for the quarter, up from their prior estimate of $1.65. The consensus estimate for ICF International’s current full-year earnings is $6.26 per share.

ICF International (NASDAQ:ICFI – Get Rating) last posted its quarterly earnings data on Tuesday, May 9th. The business services provider reported $1.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.01. ICF International had a net margin of 3.39% and a return on equity of 13.37%. The company had revenue of $483.28 million for the quarter, compared to the consensus estimate of $473.96 million. During the same period last year, the company earned $1.31 earnings per share. The firm’s revenue was up 16.9% compared to the same quarter last year.

Other research analysts also recently issued reports about the company. Barrington Research raised their price target on ICF International from $129.00 to $138.00 and gave the company an “outperform” rating in a research note on Monday, March 6th. StockNews.com cut shares of ICF International from a “buy” rating to a “hold” rating in a research note on Thursday, May 11th.

ICF International Price Performance

NASDAQ:ICFI opened at $125.19 on Thursday. ICF International has a 52-week low of $89.28 and a 52-week high of $128.70. The company has a market cap of $2.35 billion, a P/E ratio of 37.71 and a beta of 0.59. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.29 and a current ratio of 1.29. The stock’s 50-day simple moving average is $115.43 and its 200 day simple moving average is $108.10.

Hedge Funds Weigh In On ICF International

Institutional investors and hedge funds have recently made changes to their positions in the company. Torray Investment Partners LLC boosted its position in shares of ICF International by 0.7% in the first quarter. Torray Investment Partners LLC now owns 12,406 shares of the business services provider’s stock valued at $1,361,000 after acquiring an additional 89 shares during the period. First Horizon Advisors Inc. increased its holdings in shares of ICF International by 14.3% during the first quarter. First Horizon Advisors Inc. now owns 711 shares of the business services provider’s stock worth $78,000 after purchasing an additional 89 shares during the period. Captrust Financial Advisors raised its position in shares of ICF International by 27.0% in the second quarter. Captrust Financial Advisors now owns 447 shares of the business services provider’s stock valued at $43,000 after buying an additional 95 shares in the last quarter. MetLife Investment Management LLC boosted its stake in shares of ICF International by 1.2% in the fourth quarter. MetLife Investment Management LLC now owns 9,796 shares of the business services provider’s stock valued at $970,000 after buying an additional 120 shares during the period. Finally, Arizona State Retirement System increased its stake in ICF International by 2.8% during the 1st quarter. Arizona State Retirement System now owns 5,460 shares of the business services provider’s stock worth $599,000 after acquiring an additional 150 shares during the period. Institutional investors and hedge funds own 92.52% of the company’s stock.

ICF International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 14th. Investors of record on Friday, June 9th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Thursday, June 8th. This represents a $0.56 dividend on an annualized basis and a yield of 0.45%. ICF International’s dividend payout ratio (DPR) is currently 16.87%.

ICF International Company Profile

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ICF International, Inc provides management, marketing, technology, and policy consulting and implementation services to government and commercial clients in the United States and internationally. It 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.