ICF International stock hits 52-week low at $83.97

ICF International Inc. (NASDAQ: NASDAQ:ICFI) stock has reached a 52-week low, touching down at $83.97. The company, with a market capitalization of $1.88 billion and a P/E ratio of 17.6x, has seen its share price decline 35.44% over the past year. InvestingPro analysis indicates the stock is currently trading below its Fair Value, with technical indicators suggesting oversold conditions. The consulting and technology services provider, known for its expertise in areas such as energy, environment, and infrastructure, has faced challenges that have impacted its stock performance over the past year. Despite the downturn, the company maintains strong fundamentals with a healthy gross profit margin of 36.6% and positive earnings forecasts. Investors are closely monitoring the company’s strategies and potential market conditions that could influence a recovery or further declines in its stock value. InvestingPro subscribers have access to 8 additional key insights and a comprehensive Pro Research Report for deeper analysis of ICFI’s potential.

In other recent news, ICF International reported its fourth-quarter 2024 earnings, showing a slight beat on earnings per share (EPS) at $1.87 compared to the forecasted $1.84. However, the company missed revenue expectations, reporting $496 million against the projected $500.2 million. Full-year 2024 revenue showed a modest increase of 2.9% year-over-year, totaling $2.02 billion, with a 6% growth in adjusted EBITDA. Truist Securities revised its price target for ICF International to $97 from $140, maintaining a Hold rating due to concerns about the company’s exposure to potential budget cuts in federal spending. Similarly, Canaccord Genuity downgraded ICF International from Buy to Hold, halving its price target to $100, reflecting apprehensions about the impact of federal contract cancellations. Despite challenges in the federal segment, ICF International’s commercial energy and state and local segments showed strong performance, driven by demand in disaster relief and energy program capabilities. The company also acquired Applied Energy Group to bolster its energy program offerings. These developments highlight the mixed outlook for ICF International amid federal spending uncertainties.

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