Zacks: Analysts Anticipate Navigant Consulting, Inc. (NYSE:NCI) Will Post Earnings of $0.33 Per Share
Wall Street brokerages expect Navigant Consulting, Inc. (NYSE:NCI) to announce earnings per share (EPS) of $0.33 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Navigant Consulting’s earnings, with estimates ranging from $0.30 to $0.36. Navigant Consulting also reported earnings of $0.33 per share during the same quarter last year. The business is expected to report its next earnings results before the market opens on Monday, July 31st.
According to Zacks, analysts expect that Navigant Consulting will report full year earnings of $1.32 per share for the current fiscal year, with EPS estimates ranging from $1.31 to $1.33. For the next financial year, analysts forecast that the firm will post earnings of $1.44 per share, with EPS estimates ranging from $1.40 to $1.47. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover Navigant Consulting.
Navigant Consulting (NYSE:NCI) last released its quarterly earnings data on Wednesday, May 3rd. The business services provider reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.01. The company had revenue of $236.20 million for the quarter, compared to the consensus estimate of $241.52 million. Navigant Consulting had a return on equity of 9.83% and a net margin of 5.53%. The company’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period last year, the business posted $0.27 EPS.
A number of research analysts have commented on NCI shares. Zacks Investment Research upgraded Navigant Consulting from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a research note on Tuesday, April 18th. TheStreet downgraded Navigant Consulting from a “b” rating to a “c+” rating in a research note on Friday, May 12th. Finally, Cowen and Company boosted their target price on Navigant Consulting from $16.50 to $24.00 and gave the company an “outperform” rating in a research note on Friday, June 9th.
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Navigant Consulting (NCI) traded down 0.15% during trading on Friday, hitting $20.19. The stock had a trading volume of 327,306 shares. Navigant Consulting has a 1-year low of $17.13 and a 1-year high of $27.86. The firm’s 50 day moving average is $19.83 and its 200 day moving average is $22.20. The firm has a market cap of $953.94 million, a price-to-earnings ratio of 17.41 and a beta of 0.86.
Navigant Consulting announced that its board has initiated a stock repurchase program on Wednesday, May 3rd that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the business services provider to buy up to 9.7% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board believes its stock is undervalued.
Hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in Navigant Consulting by 44,959.5% in the first quarter. BlackRock Inc. now owns 5,737,425 shares of the business services provider’s stock valued at $131,156,000 after buying an additional 5,724,692 shares during the period. Norges Bank bought a new stake in Navigant Consulting during the fourth quarter valued at about $23,835,000. Dalton Greiner Hartman Maher & Co. bought a new stake in Navigant Consulting during the second quarter valued at about $15,509,000. Vanguard Group Inc. increased its stake in Navigant Consulting by 5.6% in the first quarter. Vanguard Group Inc. now owns 4,237,826 shares of the business services provider’s stock valued at $96,877,000 after buying an additional 225,913 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in Navigant Consulting by 27.9% in the first quarter. Bank of New York Mellon Corp now owns 872,601 shares of the business services provider’s stock valued at $19,946,000 after buying an additional 190,123 shares during the period. Institutional investors own 92.14% of the company’s stock.
About Navigant Consulting
Navigant Consulting, Inc is a global professional services company. The Company serves clients in the healthcare, energy and financial services industries. It operates through four segments. The Healthcare segment provides consulting services and business process management services. The Energy segment provides advisory solutions in business strategy and planning, distributed energy resources and renewables, energy efficiency and demand response and grid modernization The Financial Services Advisory and Compliance segment provides strategic, operational, valuation, risk management, investigative and compliance advisory services to clients primarily in the financial services industry.
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