Navigant Consulting, Inc. (NCI) Expected to Announce Quarterly Sales of $240.38 Million
Wall Street brokerages expect Navigant Consulting, Inc. (NYSE:NCI) to announce $240.38 million in sales for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Navigant Consulting’s earnings, with estimates ranging from $239.30 million to $241.47 million. Navigant Consulting posted sales of $237.12 million in the same quarter last year, which suggests a positive year-over-year growth rate of 1.4%. The company is expected to issue its next quarterly earnings report on Tuesday, October 24th.
According to Zacks, analysts expect that Navigant Consulting will report full-year sales of $240.38 million for the current financial year, with estimates ranging from $954.13 million to $959.94 million. For the next year, analysts expect that the company will report 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 analysts that that provide coverage for Navigant Consulting.
Navigant Consulting (NYSE:NCI) last posted its quarterly earnings data on Monday, July 31st. The business services provider reported $0.24 EPS for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.09). Navigant Consulting had a return on equity of 8.95% and a net margin of 4.97%. The company had revenue of $235.20 million for the quarter, compared to the consensus estimate of $253.66 million. During the same quarter last year, the business earned $0.33 EPS. Navigant Consulting’s revenue was down 1.4% on a year-over-year basis.
A number of equities research analysts have issued reports on NCI shares. Cowen and Company boosted their target price on shares of Navigant Consulting from $16.50 to $24.00 and gave the company an “outperform” rating in a report on Friday, June 9th. Zacks Investment Research raised shares of Navigant Consulting from a “sell” rating to a “hold” rating in a report on Tuesday, July 4th. ValuEngine cut shares of Navigant Consulting from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, BidaskClub cut shares of Navigant Consulting from a “hold” rating to a “sell” rating in a report on Friday, August 4th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $24.50.
Navigant Consulting (NYSE:NCI) traded up 0.597% during trading on Tuesday, reaching $16.015. The company’s stock had a trading volume of 93,185 shares. Navigant Consulting has a 12 month low of $14.62 and a 12 month high of $27.86. The stock’s 50 day moving average is $15.45 and its 200 day moving average is $19.72. The company has a market cap of $748.38 million, a price-to-earnings ratio of 15.399 and a beta of 0.86.
In related news, EVP Monica M. Weed sold 14,000 shares of the company’s stock in a transaction on Monday, August 21st. The shares were sold at an average price of $14.78, for a total value of $206,920.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last ninety days, insiders bought 77,000 shares of company stock worth $2,310. Insiders own 2.36% of the company’s stock.
A number of large investors have recently made changes to their positions in the stock. 1st Global Advisors Inc. grew its position in Navigant Consulting by 19.4% in the second quarter. 1st Global Advisors Inc. now owns 14,314 shares of the business services provider’s stock worth $283,000 after acquiring an additional 2,323 shares in the last quarter. Piedmont Investment Advisors LLC purchased a new position in Navigant Consulting in the second quarter worth $204,000. Arrowstreet Capital Limited Partnership grew its position in Navigant Consulting by 45.0% in the second quarter. Arrowstreet Capital Limited Partnership now owns 412,893 shares of the business services provider’s stock worth $8,159,000 after acquiring an additional 128,100 shares in the last quarter. State Street Corp grew its position in Navigant Consulting by 4.3% in the second quarter. State Street Corp now owns 1,215,519 shares of the business services provider’s stock worth $24,019,000 after acquiring an additional 50,505 shares in the last quarter. Finally, Flinton Capital Management LLC grew its position in Navigant Consulting by 59.5% in the second quarter. Flinton Capital Management LLC now owns 6,290 shares of the business services provider’s stock worth $124,000 after acquiring an additional 2,346 shares in the last quarter. Institutional investors own 91.58% of the company’s stock.
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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