$83.55 Million in Sales Expected for NCI, Inc. (NCIT) This Quarter
Analysts predict that NCI, Inc. (NASDAQ:NCIT) will announce $83.55 million in sales for the current fiscal quarter, Zacks reports. Four analysts have made estimates for NCI’s earnings. The highest sales estimate is $85.00 million and the lowest is $82.70 million. NCI posted sales of $81.90 million in the same quarter last year, which would indicate a positive year over year growth rate of 2%. The firm is scheduled to announce its next earnings report on Wednesday, July 26th.
According to Zacks, analysts expect that NCI will report full year sales of $83.55 million for the current fiscal year, with estimates ranging from $328.90 million to $338.00 million. For the next financial year, analysts expect that the firm will report sales of $345.20 million per share, with estimates ranging from $337.10 million to $350.00 million. Zacks’ sales averages are a mean average based on a survey of research analysts that cover NCI.
NCI (NASDAQ:NCIT) last posted its quarterly earnings data on Tuesday, May 9th. The information technology services provider reported $0.25 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.04. The firm had revenue of $78.75 million for the quarter, compared to the consensus estimate of $76.55 million. NCI had a net margin of 2.13% and a return on equity of 11.73%.
Several equities analysts have recently weighed in on NCIT shares. ValuEngine upgraded NCI from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Cowen and Company restated a “buy” rating and set a $16.50 price target on shares of NCI in a report on Monday, April 10th. Noble Financial restated a “buy” rating on shares of NCI in a report on Friday, May 12th. Zacks Investment Research upgraded NCI from a “sell” rating to a “hold” rating in a report on Saturday, May 13th. Finally, FBR & Co restated a “hold” rating and set a $11.00 price target on shares of NCI in a report on Tuesday, April 4th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. NCI has a consensus rating of “Buy” and an average target price of $17.50.
NCI (NCIT) traded down 4.09% during trading on Friday, reaching $19.95. 29,158 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $17.92 and a 200-day moving average of $14.89. NCI has a 12 month low of $10.98 and a 12 month high of $21.00. The stock has a market cap of $270.34 million, a PE ratio of 44.63 and a beta of 0.98.
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A number of large investors have recently added to or reduced their stakes in the company. LSV Asset Management increased its stake in NCI by 5.7% in the first quarter. LSV Asset Management now owns 72,201 shares of the information technology services provider’s stock valued at $1,086,000 after buying an additional 3,903 shares during the last quarter. Renaissance Technologies LLC increased its stake in NCI by 2.5% in the fourth quarter. Renaissance Technologies LLC now owns 384,725 shares of the information technology services provider’s stock valued at $5,367,000 after buying an additional 9,225 shares during the last quarter. Hancock Holding Co. acquired a new stake in NCI during the first quarter valued at approximately $189,000. Dimensional Fund Advisors LP increased its stake in NCI by 1.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 300,695 shares of the information technology services provider’s stock valued at $4,195,000 after buying an additional 5,301 shares during the last quarter. Finally, Russell Investments Group Ltd. acquired a new stake in NCI during the fourth quarter valued at approximately $216,000. Institutional investors own 39.04% of the company’s stock.
NCI, Inc is a provider of enterprise services and solutions to defense, intelligence, healthcare and civilian government agencies. The Company provides information technology (IT), and professional services and solutions by leveraging its core service offerings, which include cloud computing and IT infrastructure optimization; cybersecurity and information assurance; engineering and logistics support; enterprise information management and advanced analytics; health IT and medical support; IT service management; modeling, simulation, and training, and agile development and integration.
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