Navigant Consulting Inc. Expected to Post Q3 2016 Earnings of $0.31 Per Share (NCI)
Navigant Consulting Inc. (NYSE:NCI) – Investment analysts at Avondale Partners issued their Q3 2016 EPS estimates for Navigant Consulting in a report issued on Wednesday. Avondale Partners analyst R. Reece anticipates that the brokerage will earn $0.31 per share for the quarter.
Separately, Zacks Investment Research cut shares of Navigant Consulting from a “buy” rating to a “hold” rating in a research note on Tuesday, June 28th.
Navigant Consulting (NYSE:NCI) traded down 1.73% during midday trading on Friday, reaching $19.85. 19,151 shares of the company traded hands. The company’s 50-day moving average price is $19.77 and its 200 day moving average price is $17.36. Navigant Consulting has a 12 month low of $14.07 and a 12 month high of $20.58. The firm has a market capitalization of $940.89 million, a PE ratio of 17.72 and a beta of 1.35.
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Navigant Consulting (NYSE:NCI) last released its quarterly earnings data on Tuesday, July 26th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.07. Navigant Consulting had a net margin of 5.97% and a return on equity of 9.64%. The firm earned $238.49 million during the quarter, compared to analysts’ expectations of $231.24 million. During the same period last year, the business earned $0.26 earnings per share. Navigant Consulting’s revenue was up 13.0% compared to the same quarter last year.
A number of hedge funds have recently bought and sold shares of the company. Louisiana State Employees Retirement System increased its stake in Navigant Consulting by 0.5% in the second quarter. Louisiana State Employees Retirement System now owns 21,100 shares of the company’s stock worth $341,000 after buying an additional 100 shares during the period. Profund Advisors LLC increased its stake in Navigant Consulting by 1.3% in the second quarter. Profund Advisors LLC now owns 10,835 shares of the company’s stock worth $175,000 after buying an additional 143 shares during the period. PNC Financial Services Group Inc. increased its stake in Navigant Consulting by 1.0% in the second quarter. PNC Financial Services Group Inc. now owns 26,531 shares of the company’s stock worth $429,000 after buying an additional 254 shares during the period. Arizona State Retirement System increased its stake in Navigant Consulting by 1.6% in the second quarter. Arizona State Retirement System now owns 24,722 shares of the company’s stock worth $399,000 after buying an additional 400 shares during the period. Finally, BlackRock Advisors LLC increased its stake in Navigant Consulting by 3.2% in the second quarter. BlackRock Advisors LLC now owns 23,256 shares of the company’s stock worth $376,000 after buying an additional 720 shares during the period. 91.63% of the stock is owned by hedge funds and other institutional investors.
Navigant Consulting Company Profile
Navigant Consulting, Inc (Navigant) is a global professional services firm. The Company serves clients in the healthcare, energy and financial services industries. The Company operates in four segments: Disputes, Investigations & Economics; Financial, Risk & Compliance; Healthcare, and Energy. The Disputes, Investigations & Economics segment’s professional services include valuation and economic analysis, as well as accounting, regulatory, construction and computer forensic expertise.
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