Brokerages Anticipate Navigant Consulting, Inc. (NYSE:NCI) Will Post Quarterly Sales of $240.38 Million
Equities research analysts expect Navigant Consulting, Inc. (NYSE:NCI) to announce $240.38 million in sales for the current quarter, according to Zacks. Three analysts have made estimates for Navigant Consulting’s earnings. The lowest sales estimate is $239.30 million and the highest is $241.47 million. Navigant Consulting posted sales of $237.12 million during the same quarter last year, which suggests a positive year-over-year growth rate of 1.4%. The firm is scheduled to announce its next quarterly earnings results on Tuesday, October 24th.
On average, analysts expect that Navigant Consulting will report full year sales of $240.38 million for the current fiscal year, with estimates ranging from $954.13 million to $959.94 million. For the next financial year, analysts forecast that the business will post sales of $995.84 million per share, with estimates ranging from $984.99 million to $1.00 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Navigant Consulting.
Navigant Consulting (NYSE:NCI) last announced its earnings results on Monday, July 31st. The business services provider reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by $0.09. Navigant Consulting had a return on equity of 8.95% and a net margin of 4.97%. The firm had revenue of $235.20 million for the quarter, compared to the consensus estimate of $253.66 million. During the same period in the prior year, the business earned $0.33 EPS. Navigant Consulting’s quarterly revenue was down 1.4% on a year-over-year basis.
A number of research firms recently commented on NCI. Zacks Investment Research lowered shares of Navigant Consulting from a “hold” rating to a “sell” rating in a report on Friday, May 5th. Cowen and Company upped their price objective on shares of Navigant Consulting from $16.50 to $24.00 and gave the stock an “outperform” rating in a report on Friday, June 9th. BidaskClub lowered shares of Navigant Consulting from a “hold” rating to a “sell” rating in a report on Friday, August 4th. ValuEngine lowered shares of Navigant Consulting from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, TheStreet lowered shares of Navigant Consulting from a “b” rating to a “c+” rating in a report on Friday, May 12th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $24.50.
Several hedge funds and other institutional investors have recently modified their holdings of NCI. State of Alaska Department of Revenue raised its position in shares of Navigant Consulting by 1.4% in the first quarter. State of Alaska Department of Revenue now owns 5,200 shares of the business services provider’s stock valued at $118,000 after buying an additional 70 shares during the last quarter. 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 last quarter. PNC Financial Services Group Inc. raised its position in shares of Navigant Consulting by 0.4% in the second quarter. PNC Financial Services Group Inc. now owns 32,857 shares of the business services provider’s stock valued at $650,000 after buying an additional 130 shares during the last quarter. Arizona State Retirement System raised its position in shares of Navigant Consulting by 0.8% in the first quarter. Arizona State Retirement System now owns 24,422 shares of the business services provider’s stock valued at $558,000 after buying an additional 200 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan raised its position in shares of Navigant Consulting by 2.2% in the second quarter. Municipal Employees Retirement System of Michigan now owns 14,700 shares of the business services provider’s stock valued at $291,000 after buying an additional 310 shares during the last quarter. Institutional investors own 93.73% of the company’s stock.
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Navigant Consulting (NYSE:NCI) opened at 15.33 on Friday. The company has a market cap of $716.37 million, a P/E ratio of 14.74 and a beta of 0.83. The company’s 50-day moving average is $18.69 and its 200-day moving average is $21.37. Navigant Consulting has a 52 week low of $14.93 and a 52 week high of $27.86.
Navigant Consulting declared that its Board of Directors has initiated a stock buyback program on Wednesday, May 3rd that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the business services provider to repurchase up to 9.7% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board of directors believes its shares are undervalued.
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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