NCI, Inc. (NASDAQ:NCIT) Expected to Post Quarterly Sales of $83.07 Million
Wall Street analysts expect NCI, Inc. (NASDAQ:NCIT) to post $83.07 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for NCI’s earnings, with the highest sales estimate coming in at $83.50 million and the lowest estimate coming in at $82.70 million. NCI reported sales of $81.90 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 1.4%. The firm is scheduled to issue its next quarterly earnings report on Wednesday, July 26th.
On average, analysts expect that NCI will report full year sales of $83.07 million for the current year, with estimates ranging from $328.90 million to $332.75 million. For the next financial year, analysts forecast that the company will post sales of $343.60 million per share, with estimates ranging from $337.10 million to $350.00 million. Zacks’ sales calculations are a mean average based on a survey of analysts that cover NCI.
NCI (NASDAQ:NCIT) last issued its quarterly earnings results on Tuesday, May 9th. The information technology services provider reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.04. NCI had a net margin of 2.13% and a return on equity of 11.73%. The business had revenue of $78.75 million for the quarter, compared to analyst estimates of $76.55 million.
NCIT has been the topic of several research reports. Noble Financial reiterated a “buy” rating on shares of NCI in a research report on Friday, May 12th. SunTrust Banks, Inc. reiterated a “buy” rating on shares of NCI in a research report on Monday, June 26th. Zacks Investment Research upgraded shares of NCI from a “sell” rating to a “hold” rating in a research report on Saturday, May 13th. Cowen and Company reiterated a “buy” rating and set a $24.00 price target on shares of NCI in a research report on Monday, July 3rd. Finally, FBR & Co reiterated a “hold” rating and set a $11.00 price target on shares of NCI in a research report on Tuesday, April 4th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. NCI presently has a consensus rating of “Hold” and an average price target of $18.33.
Hedge funds and other institutional investors have recently modified their holdings of the company. LSV Asset Management increased its position 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 worth $1,086,000 after buying an additional 3,903 shares during the last quarter. Teachers Advisors LLC increased its position in NCI by 44.1% in the fourth quarter. Teachers Advisors LLC now owns 13,212 shares of the information technology services provider’s stock worth $184,000 after buying an additional 4,044 shares during the last quarter. Hancock Holding Co. acquired a new position in NCI during the first quarter worth about $189,000. Renaissance Technologies LLC increased its position 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 worth $5,367,000 after buying an additional 9,225 shares during the last quarter. Finally, Globeflex Capital L P increased its position in NCI by 40.3% in the first quarter. Globeflex Capital L P now owns 40,372 shares of the information technology services provider’s stock worth $608,000 after buying an additional 11,600 shares during the last quarter. Institutional investors and hedge funds own 39.04% of the company’s stock.
Shares of NCI (NASDAQ:NCIT) remained flat at $20.00 on Wednesday. The stock had a trading volume of 9,610 shares. The firm has a 50 day moving average price of $19.55 and a 200 day moving average price of $15.41. NCI has a 12 month low of $10.98 and a 12 month high of $21.40. The stock has a market cap of $271.02 million, a price-to-earnings ratio of 44.74 and a beta of 1.05.
NCI Company Profile
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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