ICF International, Inc. (ICFI) to Issue Quarterly Dividend of $0.14 on January 8th

ICF International, Inc. (NASDAQ:ICFI) announced a quarterly dividend on Thursday, November 5th. Stockholders of record on Friday, December 4th will be paid a dividend of $0.14 per share by the business services provider on Friday, January 8th. This represents a $0.56 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Friday, December 4th.

ICF International has a payout ratio of 7.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect ICF International to earn $7.78 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 Performance

ICFI opened at $79.68 on Friday. ICF International has a 1 year low of $58.83 and a 1 year high of $100.63. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.39 and a quick ratio of 1.39. The company has a market capitalization of $1.43 billion, a price-to-earnings ratio of 15.01 and a beta of 0.45. The business’s 50-day moving average price is $88.29 and its two-hundred day moving average price is $79.00.

ICF International (NASDAQ:ICFI) last released its earnings results on Thursday, November 5th. The business services provider reported $1.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.92 by $0.06. ICF International had a return on equity of 11.53% and a net margin of 4.86%. The company had revenue of $470.50 million during the quarter, compared to analyst estimates of $490.83 million. During the same period in the prior year, the company posted $1.67 earnings per share. ICF International’s quarterly revenue was up 1.1% on a year-over-year basis. Equities analysts expect that ICF International will post 7.07 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently issued reports on ICFI shares. Weiss Ratings upgraded ICF International from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, October 2nd. Wall Street Zen cut ICF International from a “strong-buy” rating to a “buy” rating in a report on Saturday. Finally, Barrington Research set a $110.00 price target on shares of ICF International in a research note on Friday, August 14th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $105.00.

About ICF International

ICF International, Inc is a global consulting and technology services company that helps government agencies, businesses and nonprofit organizations address complex policy, management and operational challenges. The company combines research, advisory services, data analytics, technology implementation and strategic communications to support clients from program design through execution and evaluation.

ICF’s work spans energy and climate, environment, transportation, public health, health care, community development, disaster recovery, workforce programs and public-sector modernization.