Navigant Consulting, Inc. (NCI) Expected to Earn Q4 2017 Earnings of $0.39 Per Share
Navigant Consulting, Inc. (NYSE:NCI) – Barrington Research upped their Q4 2017 earnings per share (EPS) estimates for Navigant Consulting in a note issued to investors on Tuesday. Barrington Research analyst K. Steinke now expects that the business services provider will post earnings of $0.39 per share for the quarter, up from their prior forecast of $0.38. Barrington Research also issued estimates for Navigant Consulting’s FY2018 earnings at $1.29 EPS.
A number of other analysts have also weighed in on NCI. Zacks Investment Research raised Navigant Consulting from a “sell” rating to a “hold” rating in a research report on Tuesday, July 4th. ValuEngine lowered Navigant Consulting from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Finally, BidaskClub lowered 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 assigned a buy rating to the company’s stock. Navigant Consulting currently has a consensus rating of “Hold” and a consensus target price of $24.00.
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Shares of Navigant Consulting (NYSE NCI) traded down 0.46% during mid-day trading on Wednesday, reaching $17.23. The company’s stock had a trading volume of 125,860 shares. Navigant Consulting has a one year low of $14.62 and a one year high of $27.86. The stock has a 50 day moving average of $16.77 and a 200-day moving average of $18.48. The stock has a market cap of $805.16 million, a P/E ratio of 16.57 and a beta of 0.89.
Navigant Consulting (NYSE:NCI) last announced its earnings results on Thursday, October 26th. The business services provider reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.01). The company had revenue of $262.30 million for the quarter, compared to the consensus estimate of $241.77 million. Navigant Consulting had a net margin of 4.35% and a return on equity of 8.25%. The firm’s revenue was up 10.4% compared to the same quarter last year. During the same period last year, the business posted $0.37 EPS.
In related news, EVP Monica M. Weed sold 14,000 shares of the business’s 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.32% of the company’s stock.
Several hedge funds have recently modified their holdings of NCI. Flinton Capital Management LLC grew its stake in shares of Navigant Consulting by 59.5% during the second quarter. Flinton Capital Management LLC now owns 6,290 shares of the business services provider’s stock worth $124,000 after purchasing an additional 2,346 shares in the last quarter. Victory Capital Management Inc. boosted its stake in Navigant Consulting by 6.6% in the first quarter. Victory Capital Management Inc. now owns 5,872 shares of the business services provider’s stock valued at $134,000 after acquiring an additional 362 shares in the last quarter. State of Alaska Department of Revenue boosted its stake in Navigant Consulting by 79.4% in the second quarter. State of Alaska Department of Revenue now owns 9,328 shares of the business services provider’s stock valued at $184,000 after acquiring an additional 4,128 shares in the last quarter. Piedmont Investment Advisors LLC acquired a new position in Navigant Consulting in the second quarter valued at $204,000. Finally, Eqis Capital Management Inc. acquired a new position in Navigant Consulting in the third quarter valued at $204,000. Hedge funds and other institutional investors own 91.29% of the company’s stock.
About Navigant Consulting
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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