ICF International, Inc. (ICFI) To Go Ex-Dividend on December 6th

ICF International, Inc. (NASDAQ:ICFI) declared a quarterly dividend on Thursday, October 31st, Zacks reports. Shareholders of record on Friday, December 6th will be given a dividend of 0.14 per share by the business services provider on Friday, January 10th. This represents a $0.56 dividend on an annualized basis and a yield of 0.33%. The ex-dividend date of this dividend is Friday, December 6th.

ICF International has a payout ratio of 7.2% meaning its dividend is sufficiently covered by earnings. 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 0.5 %

Shares of NASDAQ ICFI traded down $0.82 during midday trading on Friday, reaching $167.77. 190,302 shares of the company’s stock traded hands, compared to its average volume of 97,563. The company has a market cap of $3.15 billion, a price-to-earnings ratio of 32.20 and a beta of 0.61. The stock’s 50 day simple moving average is $166.94 and its 200-day simple moving average is $152.65. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.46. ICF International has a one year low of $115.67 and a one year high of $178.18.

ICF International (NASDAQ:ICFI) last announced its earnings results on Thursday, October 31st. The business services provider reported $2.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.81 by $0.32. The business had revenue of $517.00 million for the quarter, compared to analysts’ expectations of $528.02 million. ICF International had a return on equity of 14.37% and a net margin of 4.98%. The business’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.81 EPS. On average, analysts predict that ICF International will post 7.06 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on ICFI shares. Barrington Research reissued an “outperform” rating and set a $174.00 price objective on shares of ICF International in a report on Friday, September 20th. Truist Financial boosted their price target on ICF International from $155.00 to $180.00 and gave the company a “hold” rating in a research note on Friday. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, ICF International currently has an average rating of “Moderate Buy” and a consensus price target of $166.00.

Insider Buying and Selling at ICF International

In related news, EVP Anne F. Choate sold 1,368 shares of the firm’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $165.00, for a total transaction of $225,720.00. Following the sale, the executive vice president now directly owns 3,417 shares of the company’s stock, valued at $563,805. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other ICF International news, COO James C. M. Morgan sold 2,500 shares of the company’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $175.07, for a total value of $437,675.00. Following the completion of 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Anne F. Choate sold 1,368 shares of the firm’s stock in a transaction dated 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 in the company, valued at $563,805. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,285 shares of company stock worth $897,398. 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.