$0.31 EPS Expected for Navigant Consulting, Inc. (NCI) This Quarter
Analysts forecast that Navigant Consulting, Inc. (NYSE:NCI) will post $0.31 earnings per share for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Navigant Consulting’s earnings. Navigant Consulting reported earnings of $0.37 per share during the same quarter last year, which indicates a negative year over year growth rate of 16.2%. The business is expected to announce its next earnings results before the market opens on Thursday, October 26th.
According to Zacks, analysts expect that Navigant Consulting will report full year earnings of $1.20 per share for the current fiscal year, with EPS estimates ranging from $1.19 to $1.23. For the next financial year, analysts expect that the company will report earnings of $1.31 per share, with EPS estimates ranging from $1.30 to $1.31. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that follow Navigant Consulting.
Navigant Consulting (NYSE:NCI) last issued its quarterly 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 business had revenue of $235.20 million for the quarter, compared to analysts’ expectations of $253.66 million. During the same period in the prior year, the company earned $0.33 EPS. The company’s revenue for the quarter was down 1.4% compared to the same quarter last year.
A number of equities analysts recently commented on the stock. Zacks Investment Research raised shares of Navigant Consulting from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 10th. BidaskClub lowered shares of Navigant Consulting from a “hold” rating to a “sell” rating in a research note on Friday, August 4th. Finally, ValuEngine lowered shares of Navigant Consulting from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. Navigant Consulting presently has a consensus rating of “Hold” and a consensus target price of $24.00.
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Shares of Navigant Consulting (NCI) traded up 1.35% on Tuesday, hitting $17.31. The company’s stock had a trading volume of 227,712 shares. Navigant Consulting has a 52 week low of $14.62 and a 52 week high of $27.86. The company has a market cap of $808.90 million, a price-to-earnings ratio of 16.64 and a beta of 0.89. The stock’s 50 day moving average is $16.53 and its 200-day moving average is $18.69.
In other Navigant Consulting news, EVP Monica M. Weed sold 14,000 shares of Navigant Consulting 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 Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.32% of the company’s stock.
Several large investors have recently modified their holdings of NCI. Flinton Capital Management LLC boosted its stake in shares of Navigant Consulting by 59.5% during the 2nd quarter. Flinton Capital Management LLC now owns 6,290 shares of the business services provider’s stock valued at $124,000 after buying an additional 2,346 shares during the period. Victory Capital Management Inc. boosted its stake in shares of Navigant Consulting by 6.6% during the 1st quarter. Victory Capital Management Inc. now owns 5,872 shares of the business services provider’s stock valued at $134,000 after buying an additional 362 shares during the period. State of Alaska Department of Revenue boosted its stake in shares of Navigant Consulting by 79.4% during the 2nd quarter. State of Alaska Department of Revenue now owns 9,328 shares of the business services provider’s stock valued at $184,000 after buying an additional 4,128 shares during the period. Piedmont Investment Advisors LLC acquired a new stake in shares of Navigant Consulting during the 2nd quarter valued at $204,000. Finally, Eqis Capital Management Inc. acquired a new stake in shares of Navigant Consulting during the 3rd quarter valued at $204,000. 90.84% of the stock is owned by 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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