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

ICF International, Inc. (NASDAQ:ICFI) announced a quarterly dividend on Thursday, October 31st, Zacks reports. Stockholders of record on Friday, December 6th will be paid 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 dividend yield of 0.33%. The ex-dividend date is Friday, December 6th.

ICF International has a payout ratio of 7.2% indicating that 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 0.5 %

Shares of ICFI traded down $0.82 during mid-day trading on Friday, reaching $167.77. The company had a trading volume of 190,302 shares, compared to its average volume of 97,563. The company has a market capitalization of $3.15 billion, a price-to-earnings ratio of 32.20 and a beta of 0.61. ICF International has a 52 week low of $115.67 and a 52 week high of $178.18. 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 firm has a 50-day moving average price of $166.94 and a 200 day moving average price of $152.65.

ICF International (NASDAQ:ICFI) last released its quarterly earnings data 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 firm’s quarterly revenue was up 3.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.81 EPS. On average, sell-side analysts forecast that ICF International will post 7.06 EPS for the current year.

Insiders Place Their Bets

In other 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 completion of the transaction, 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other 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 completion of the transaction, 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO James C. M. Morgan sold 2,500 shares of the stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $175.07, for a total transaction of $437,675.00. Following the completion of 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 disclosure for this sale can be found here. In the last quarter, insiders sold 5,285 shares of company stock worth $897,398. Corporate insiders own 1.39% of the company’s stock.

Wall Street Analyst Weigh In

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

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.