Stock Repurchase Program Announced by ICF International (NASDAQ:ICFI) Board of Directors

ICF International (NASDAQ:ICFI) announced that its board has authorized a stock repurchase program on Thursday, June 25th, RTT News reports. The company plans to buyback $100.00 million in shares. This buyback authorization allows the business services provider to repurchase up to 8.1% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

ICFI has been the subject of several recent analyst reports. Barrington Research restated an “outperform” rating and set a $102.00 price objective on shares of ICF International in a research report on Wednesday, March 4th. Weiss Ratings cut shares of ICF International from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, April 29th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $102.33.

ICF International Trading Down 4.1%

ICFI traded down $2.78 during trading on Thursday, reaching $65.11. 257,384 shares of the stock traded hands, compared to its average volume of 243,542. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.43. The stock’s 50-day moving average is $68.76 and its 200 day moving average is $76.66. ICF International has a 12 month low of $58.83 and a 12 month high of $101.71. The stock has a market capitalization of $1.18 billion, a PE ratio of 14.09 and a beta of 0.54.

ICF International (NASDAQ:ICFI) last announced its quarterly earnings data on Thursday, May 7th. The business services provider reported $1.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.55 by ($0.05). ICF International had a net margin of 4.68% and a return on equity of 11.38%. The business had revenue of $437.50 million during the quarter, compared to analyst estimates of $448.63 million. During the same period in the prior year, the firm earned $1.94 earnings per share. The firm’s revenue for the quarter was down 10.3% compared to the same quarter last year. ICF International has set its FY 2026 guidance at 6.950-7.250 EPS. Equities analysts anticipate that ICF International will post 7.01 earnings per share for the current year.

ICF International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Friday, June 5th will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, June 5th. ICF International’s dividend payout ratio is presently 12.12%.

Insider Activity at ICF International

In related news, Director Handel Michael J. Van acquired 8,000 shares of the stock in a transaction dated Friday, May 15th. The stock was bought at an average price of $61.39 per share, for a total transaction of $491,120.00. Following the purchase, the director directly owned 24,254 shares of the company’s stock, valued at $1,488,953.06. The trade was a 49.22% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.48% of the stock is currently owned by company insiders.

About ICF International

ICF International (NASDAQ: ICFI), commonly known as ICF, is a global consulting and digital services provider specializing in the intersection of strategy, technology, and policy. The firm delivers integrated services and solutions to government and commercial clients in areas such as energy and environment, health and social programs, transportation, infrastructure, technology, and marketing and communications. ICF’s offerings span strategic planning, data analytics, program evaluation, digital transformation, and implementation support.

Founded in 1969 and headquartered in Reston, Virginia, ICF has grown through both organic expansion and targeted acquisitions to broaden its capabilities and geographic reach.