Zacks: Analysts Anticipate NCI, Inc. (NASDAQ:NCIT) Will Post Quarterly Sales of $83.07 Million
Analysts predict that NCI, Inc. (NASDAQ:NCIT) will post $83.07 million in sales for the current fiscal quarter, according to Zacks. Three analysts have made estimates for NCI’s earnings, with estimates ranging from $82.70 million to $83.50 million. NCI posted sales of $81.90 million in the same quarter last year, which suggests a positive year over year growth rate of 1.4%. The firm is expected to report its next quarterly earnings report on Wednesday, August 2nd.
On average, analysts expect that NCI will report full year sales of $83.07 million for the current financial year, with estimates ranging from $328.90 million to $332.75 million. For the next financial year, analysts anticipate that the business will report sales of $343.60 million per share, with estimates ranging from $337.10 million to $350.00 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover NCI.
NCI (NASDAQ:NCIT) last issued its quarterly earnings data on Tuesday, May 9th. The information technology services provider reported $0.25 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.04. The firm had revenue of $78.75 million for the quarter, compared to analysts’ expectations 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 commented on NCIT shares. Noble Financial restated a “buy” rating on shares of NCI in a research report on Friday, May 12th. SunTrust Banks, Inc. reaffirmed a “buy” rating on shares of NCI in a report on Monday, June 26th. Zacks Investment Research raised shares of NCI from a “sell” rating to a “hold” rating in a report on Saturday, May 13th. Cowen and Company reaffirmed a “buy” rating and set a $24.00 price target on shares of NCI in a report on Monday, July 3rd. Finally, ValuEngine raised shares of NCI from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $18.33.
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Several large investors have recently made changes to their positions in NCIT. Algert Global LLC raised its stake in shares of NCI by 10.8% in the first quarter. Algert Global LLC now owns 12,155 shares of the information technology services provider’s stock valued at $183,000 after buying an additional 1,180 shares during the period. Teachers Advisors LLC raised its stake in shares of NCI by 44.1% in the fourth quarter. Teachers Advisors LLC now owns 13,212 shares of the information technology services provider’s stock valued at $184,000 after buying an additional 4,044 shares during the period. Hancock Holding Co. bought a new stake in shares of NCI during the first quarter valued at about $189,000. Russell Investments Group Ltd. bought a new stake in shares of NCI during the fourth quarter valued at about $216,000. Finally, ClariVest Asset Management LLC raised its stake in shares of NCI by 5.3% in the first quarter. ClariVest Asset Management LLC now owns 14,464 shares of the information technology services provider’s stock valued at $217,000 after buying an additional 727 shares during the period. 38.46% of the stock is currently owned by institutional investors.
Shares of NCI (NASDAQ:NCIT) opened at 19.95 on Thursday. NCI has a 52 week low of $10.98 and a 52 week high of $21.40. The firm’s 50-day moving average is $20.22 and its 200 day moving average is $16.43. The company has a market capitalization of $270.34 million, a PE ratio of 44.63 and a beta of 1.01.
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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