ICF International, Inc. (NASDAQ:ICFI) Announces $0.14 Quarterly Dividend

ICF International, Inc. (NASDAQ:ICFI) announced a quarterly dividend on Thursday, August 1st, Zacks reports. Investors of record on Friday, September 6th will be given a dividend of 0.14 per share by the business services provider on Friday, October 11th. This represents a $0.56 annualized dividend and a yield of 0.34%. The ex-dividend date is Friday, September 6th.

ICF International has a payout ratio of 7.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect ICF International to earn $7.80 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 7.2%.

ICF International Stock Down 0.4 %

Shares of NASDAQ:ICFI opened at $162.80 on Thursday. ICF International has a 1-year low of $115.67 and a 1-year high of $167.91. The company’s fifty day moving average is $149.14 and its two-hundred day moving average is $147.72. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.19 and a current ratio of 1.19. The stock has a market capitalization of $3.05 billion, a price-to-earnings ratio of 33.09 and a beta of 0.60.

ICF International (NASDAQ:ICFI) last issued 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. The firm had revenue of $512.03 million for the quarter, compared to analysts’ expectations of $505.70 million. ICF International had a net margin of 4.98% and a return on equity of 14.37%. ICF International’s revenue was up 2.4% on a year-over-year basis. During the same quarter last year, the company posted $1.57 earnings per share. Equities analysts anticipate that ICF International will post 7.06 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on ICFI. Truist Financial lowered shares of ICF International from a “buy” rating to a “hold” rating and reduced their target price for the company from $168.00 to $155.00 in a research note on Monday, July 1st. William Blair raised ICF International from a “market perform” rating to an “outperform” rating in a research note on Monday, June 24th. Finally, Barrington Research increased their price target on ICF International from $173.00 to $174.00 and gave the stock an “outperform” rating in a research note on Monday, August 12th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, ICF International presently has a consensus rating of “Moderate Buy” and a consensus price target of $159.75.

Insider Transactions at ICF International

In other news, CEO John Wasson sold 3,000 shares of the company’s 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 completion of the sale, the chief executive officer now owns 19,045 shares in the company, valued at $2,572,789.05. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other ICF International news, CEO John Wasson sold 3,000 shares of ICF International stock in a transaction that occurred on Wednesday, July 3rd. The shares were 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 $2,572,789.05. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Anne F. Choate sold 1,368 shares of the stock in a transaction 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 sale, the executive vice president now owns 3,417 shares of the company’s stock, valued at approximately $563,805. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,766 shares of company stock valued at $1,444,534. Corporate insiders own 1.39% of the company’s stock.

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.