ICF International, Inc. Declares Quarterly Dividend of $0.14

ICF International, Inc. (NASDAQ:ICFI) announced a quarterly dividend on February 28. Shareholders registered by March 28 will receive a dividend of $0.14 per share on April 14. This results in an annualized dividend of $0.56, which corresponds to a yield of 0.71%. The ex-dividend date is also set for March 28.

ICF International demonstrates a dividend payout ratio of 6.3%, indicating that its dividends are well supported by earnings. Analysts project that the company will earn $8.13 per share in the upcoming year, allowing the consistent performance of its annual dividend. This leads to an anticipated future payout ratio of 6.9%.

Performance of ICF International Stock

On the trading day following the announcement, ICFI shares dropped considerably, falling by $20.71 to reach a price of $79.26. A total of 1,458,134 shares were traded, well above its typical volume of 305,803. The stock's recent moving averages are considerably higher, with a 50-day average of $116.83 and a 200-day average of $143.07. The stock has seen a range between $77.02 (1-year low) and $179.67 (1-year high). Key financial ratios include a debt-to-equity ratio of 0.43, a quick ratio of 1.21, and a current ratio of 1.21. The market capitalization stands at approximately $1.49 billion, with a price-to-earnings ratio of 13.93 and a beta of 0.56.

Recent Analyst Ratings and Price Targets

ICFI has drawn attention from various analysts, receiving mixed ratings. StockNews.com recently downgraded the stock from a "strong-buy" to a "buy" recommendation. D. Boral Capital maintained an "outperform" rating, setting a price target at $174.00. Meanwhile, Sidoti upgraded the shares from "neutral" to "buy" with a target price of $185.00. Canaccord Genuity adjusted their target down to $100.00 while maintaining a "hold" rating, and Truist Financial reduced their target from $180.00 to $140.00, keeping a "hold" opinion. Overall, the sentiment among analysts includes two holding ratings and five buy ratings, with a consensus rating categorized as "Moderate Buy" alongside an average price target of $154.60.

About ICF International

ICF International, Inc. offers a broad range of management, technology, and policy consulting services to both government and commercial clients in the U.S. and worldwide. The company focuses on researching critical issues related to policy and industry, measuring impact and results, and providing strategies for overcoming various market and technological challenges.

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