Zacks: Analysts Anticipate Navigant Consulting, Inc. (NCI) Will Post Earnings of $0.31 Per Share
Equities research analysts expect Navigant Consulting, Inc. (NYSE:NCI) to announce earnings of $0.31 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Navigant Consulting’s earnings. Navigant Consulting posted earnings per share of $0.37 in the same quarter last year, which suggests a negative year over year growth rate of 16.2%. The company is scheduled to announce its next quarterly earnings report on Tuesday, October 24th.
On average, analysts expect that Navigant Consulting will report full year earnings of $1.20 per share for the current year, with EPS estimates ranging from $1.19 to $1.23. For the next year, analysts anticipate that the company will post earnings of $1.31 per share, with EPS estimates ranging from $1.30 to $1.31. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for Navigant Consulting.
Navigant Consulting (NYSE:NCI) last issued its quarterly earnings data on Monday, July 31st. The business services provider reported $0.24 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.09). The business had revenue of $235.20 million during the quarter, compared to the consensus estimate of $253.66 million. Navigant Consulting had a return on equity of 8.95% and a net margin of 4.97%. The company’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.33 earnings per share.
NCI has been the subject of several research analyst reports. Zacks Investment Research raised shares of Navigant Consulting from a “sell” rating to a “hold” rating in a 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 report on Friday, June 9th. ValuEngine downgraded 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 research report on Friday, August 4th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a buy rating to the stock. Navigant Consulting has a consensus rating of “Hold” and an average price target of $24.00.
Navigant Consulting (NYSE NCI) traded up 0.87% during midday trading on Thursday, reaching $17.47. 276,291 shares of the company’s stock were exchanged. The company has a market cap of $816.37 million, a price-to-earnings ratio of 16.80 and a beta of 0.89. Navigant Consulting has a 52 week low of $14.62 and a 52 week high of $27.86. The firm has a 50-day moving average price of $15.75 and a 200 day moving average price of $19.22.
In related news, EVP Monica M. Weed sold 14,000 shares of the stock in a transaction on Monday, August 21st. The shares were sold at an average price of $14.78, for a total transaction of $206,920.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 2.36% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Eqis Capital Management Inc. purchased a new stake in shares of Navigant Consulting in the third quarter valued at about $204,000. 1st Global Advisors Inc. increased its holdings in Navigant Consulting by 19.4% during the second quarter. 1st Global Advisors Inc. now owns 14,314 shares of the business services provider’s stock worth $283,000 after buying an additional 2,323 shares during the last quarter. Piedmont Investment Advisors LLC purchased a new stake in Navigant Consulting during the second quarter worth about $204,000. Arrowstreet Capital Limited Partnership increased its holdings in Navigant Consulting by 45.0% during the second quarter. Arrowstreet Capital Limited Partnership now owns 412,893 shares of the business services provider’s stock worth $8,159,000 after buying an additional 128,100 shares during the last quarter. Finally, State Street Corp increased its holdings in Navigant Consulting by 4.3% during the second quarter. State Street Corp now owns 1,215,519 shares of the business services provider’s stock worth $24,019,000 after buying an additional 50,505 shares during the last quarter. Hedge funds and other institutional investors own 91.58% of the company’s stock.
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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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