$244.49 Million in Sales Expected for Navigant Consulting, Inc. (NCI) This Quarter
Equities research analysts expect Navigant Consulting, Inc. (NYSE:NCI) to report sales of $244.49 million for the current quarter, Zacks reports. Three analysts have issued estimates for Navigant Consulting’s earnings, with estimates ranging from $242.40 million to $246.10 million. Navigant Consulting posted sales of $239.67 million during the same quarter last year, which suggests a positive year-over-year growth rate of 2%. The company is scheduled to issue its next earnings report on Thursday, February 15th.
On average, analysts expect that Navigant Consulting will report full year sales of $244.49 million for the current fiscal year, with estimates ranging from $951.40 million to $955.00 million. For the next year, analysts forecast that the company will post sales of $984.23 million per share, with estimates ranging from $982.80 million to $985.40 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow Navigant Consulting.
Navigant Consulting (NYSE:NCI) last announced its quarterly earnings results on Thursday, October 26th. The business services provider reported $0.30 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.01). Navigant Consulting had a net margin of 4.35% and a return on equity of 8.25%. The business had revenue of $262.30 million during the quarter, compared to analyst estimates of $241.77 million. During the same quarter last year, the company posted $0.37 earnings per share. The company’s revenue was up 10.4% compared to the same quarter last year.
Shares of Navigant Consulting (NCI) traded down $0.05 during midday trading on Monday, reaching $19.14. 329,800 shares of the company’s stock traded hands, compared to its average volume of 268,768. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.26 and a current ratio of 2.26. Navigant Consulting has a 1 year low of $14.62 and a 1 year high of $27.86. The firm has a market cap of $878.91, a PE ratio of 17.24, a P/E/G ratio of 1.18 and a beta of 0.89.
In other news, Director Randy H. Zwirn sold 5,000 shares of the company’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $17.46, for a total value of $87,300.00. Following the sale, the director now directly owns 21,226 shares of the company’s stock, valued at approximately $370,605.96. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 2.32% of the company’s stock.
Several large investors have recently bought and sold shares of NCI. Macquarie Group Ltd. bought a new stake in shares of Navigant Consulting in the 3rd quarter valued at $19,124,000. Voya Investment Management LLC boosted its stake in Navigant Consulting by 2,117.0% during the second quarter. Voya Investment Management LLC now owns 543,026 shares of the business services provider’s stock worth $10,730,000 after acquiring an additional 518,532 shares in the last quarter. Tributary Capital Management LLC boosted its stake in Navigant Consulting by 21.8% during the third quarter. Tributary Capital Management LLC now owns 1,067,121 shares of the business services provider’s stock worth $18,056,000 after acquiring an additional 190,698 shares in the last quarter. Tieton Capital Management LLC boosted its stake in Navigant Consulting by 157.6% during the third quarter. Tieton Capital Management LLC now owns 241,094 shares of the business services provider’s stock worth $4,079,000 after acquiring an additional 147,510 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in Navigant Consulting by 47.9% during the second quarter. Ameriprise Financial Inc. now owns 443,779 shares of the business services provider’s stock worth $8,769,000 after acquiring an additional 143,756 shares in the last quarter. 91.13% of the stock is currently owned by institutional investors.
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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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