Zacks: Analysts Anticipate Navigant Consulting, Inc. (NYSE:NCI) Will Announce Quarterly Sales of $248.29 Million
Equities analysts expect that Navigant Consulting, Inc. (NYSE:NCI) will announce sales of $248.29 million for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Navigant Consulting’s earnings, with estimates ranging from $243.30 million to $254.68 million. Navigant Consulting reported sales of $238.49 million during the same quarter last year, which indicates a positive year-over-year growth rate of 4.1%. The business is expected to announce its next earnings results before the market opens on Monday, July 31st.
On average, analysts expect that Navigant Consulting will report full year sales of $248.29 million for the current financial year, with estimates ranging from $980.00 million to $993.45 million. For the next year, analysts anticipate that the company will post sales of $1.03 billion per share, with estimates ranging from $1.03 billion to $1.04 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that cover Navigant Consulting.
Navigant Consulting (NYSE:NCI) last posted its quarterly earnings results on Wednesday, May 3rd. The business services provider reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.01. Navigant Consulting had a net margin of 5.53% and a return on equity of 9.83%. The business had revenue of $236.20 million during the quarter, compared to analysts’ expectations of $241.52 million. During the same quarter in the prior year, the company posted $0.27 EPS. The business’s revenue for the quarter was up 5.7% on a year-over-year basis.
A number of research firms have recently weighed in on NCI. Zacks Investment Research raised shares of Navigant Consulting from a “sell” rating to a “hold” rating in a research report on Tuesday, July 4th. Cowen and Company boosted their price objective on shares of Navigant Consulting from $16.50 to $24.00 and gave the company an “outperform” rating in a research report on Friday, June 9th. Finally, TheStreet lowered shares of Navigant Consulting from a “b” rating to a “c+” rating in a research report on Friday, May 12th.
Shares of Navigant Consulting (NCI) opened at 20.19 on Friday. The stock has a 50 day moving average of $19.83 and a 200 day moving average of $22.20. The stock has a market cap of $953.94 million, a PE ratio of 17.41 and a beta of 0.86. Navigant Consulting has a 1-year low of $17.13 and a 1-year high of $27.86.
Navigant Consulting declared that its Board of Directors has approved 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 shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.
Institutional investors have recently modified their holdings of the company. Dubuque Bank & Trust Co. raised its position in shares of Navigant Consulting by 9.4% in the second quarter. Dubuque Bank & Trust Co. now owns 13,129 shares of the business services provider’s stock valued at $259,000 after buying an additional 1,130 shares during the period. Legato Capital Management LLC raised its position in shares of Navigant Consulting by 1,252.5% in the second quarter. Legato Capital Management LLC now owns 27,591 shares of the business services provider’s stock valued at $545,000 after buying an additional 25,551 shares during the period. Dalton Greiner Hartman Maher & Co. bought a new position in shares of Navigant Consulting during the second quarter valued at approximately $15,509,000. Aperio Group LLC raised its position in shares of Navigant Consulting by 1.7% in the second quarter. Aperio Group LLC now owns 20,829 shares of the business services provider’s stock valued at $412,000 after buying an additional 350 shares during the period. Finally, Louisiana State Employees Retirement System raised its position in shares of Navigant Consulting by 0.5% in the second quarter. Louisiana State Employees Retirement System now owns 19,200 shares of the business services provider’s stock valued at $379,000 after buying an additional 100 shares during the period. 92.14% of the stock is owned by hedge funds and other institutional investors.
Navigant Consulting Company Profile
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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