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RESTON, VA—Scott Salmirs, a director at ICF International , Inc. (NASDAQ:ICFI), has made a purchase of 600 shares of the company’s common stock. The transaction, which took place on March 5, 2025, was executed at a price of $81.75 per share, amounting to a total investment of $49,050. The purchase comes as the $1.57 billion market cap consulting firm trades at 14.5x earnings, with InvestingPro analysis indicating the stock is currently undervalued.
This open market purchase was conducted in accordance with the issuer’s trading policies. Following this transaction, Salmirs holds a total of 6,403 shares in the company. The acquisition reflects Salmirs’ ongoing involvement and stake in the management consulting services firm, which maintains a perfect Piotroski Score of 9, indicating strong financial health. InvestingPro subscribers can access 8 additional key insights about ICFI, including detailed valuation metrics and growth forecasts.
In other recent news, ICF International reported its fourth-quarter 2024 earnings, revealing a slight beat on earnings per share (EPS) but a miss on revenue expectations. The company’s EPS stood at $1.87, surpassing the forecast of $1.84, while revenue fell short at $496 million against the projected $500.2 million. For the full year, ICF International saw a revenue increase of 2.9% year-over-year, reaching $2.02 billion, with a 6% growth in adjusted EBITDA. The company also acquired Applied Energy Group to enhance its energy program capabilities.
In addition to earnings, ICF International secured contracts from the European Commission and the U.K. Government with a combined ceiling value exceeding $210 million. These contracts, awarded in late 2024 and early 2025, reflect the company’s expanding presence in the European market. However, analysts from Truist Securities and Canaccord Genuity have expressed concerns over ICF International’s future financial performance. Truist Securities lowered its price target for the company to $97 from $140, maintaining a Hold rating due to potential challenges related to federal spending cuts.
Similarly, Canaccord Genuity downgraded ICF International’s stock from Buy to Hold, halving the price target to $100 from $200. The downgrade is attributed to concerns over the current administration’s decisions affecting federal contracts, despite strong growth in the company’s commercial energy segment. These developments underscore the mixed outlook for ICF International as it navigates potential risks and opportunities in the coming quarters.
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