$244.49 Million in Sales Expected for Navigant Consulting, Inc. (NCI) This Quarter
Equities research analysts predict that Navigant Consulting, Inc. (NYSE:NCI) will report $244.49 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Navigant Consulting’s earnings, with the highest sales estimate coming in at $246.10 million and the lowest estimate coming in at $242.40 million. Navigant Consulting reported sales of $239.67 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 2%. The business is expected to issue its next earnings results on Thursday, February 15th.
According to Zacks, analysts expect that Navigant Consulting will report full year sales of $244.49 million for the current year, with estimates ranging from $951.40 million to $955.00 million. For the next fiscal year, analysts forecast that the business will post sales of $984.23 million per share, with estimates ranging from $982.80 million to $985.40 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Navigant Consulting.
Navigant Consulting (NYSE:NCI) last issued its 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 return on equity of 8.25% and a net margin of 4.35%. The company had revenue of $262.30 million during the quarter, compared to analysts’ expectations of $241.77 million. During the same quarter in the prior year, the business posted $0.37 EPS. The company’s revenue for the quarter was up 10.4% compared to the same quarter last year.
Shares of Navigant Consulting (NYSE NCI) opened at $19.65 on Friday. Navigant Consulting has a fifty-two week low of $14.62 and a fifty-two week high of $25.55. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.26 and a quick ratio of 2.26. The stock has a market cap of $902.33, a P/E ratio of 21.13, a P/E/G ratio of 1.12 and a beta of 0.90.
In other Navigant Consulting news, Director Randy H. Zwirn sold 5,000 shares of the stock in a transaction that occurred 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 transaction, the director now directly owns 21,226 shares in the company, valued at $370,605.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.32% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Macquarie Group Ltd. bought a new stake in shares of Navigant Consulting during the 3rd quarter valued at $19,124,000. Voya Investment Management LLC raised its position in shares of Navigant Consulting by 2,117.0% during the 2nd quarter. Voya Investment Management LLC now owns 543,026 shares of the business services provider’s stock valued at $10,730,000 after purchasing an additional 518,532 shares during the period. Tributary Capital Management LLC raised its position in shares of Navigant Consulting by 21.8% during the 3rd quarter. Tributary Capital Management LLC now owns 1,067,121 shares of the business services provider’s stock valued at $18,056,000 after purchasing an additional 190,698 shares during the period. Tieton Capital Management LLC raised its position in shares of Navigant Consulting by 157.6% during the 3rd quarter. Tieton Capital Management LLC now owns 241,094 shares of the business services provider’s stock valued at $4,079,000 after purchasing an additional 147,510 shares during the period. Finally, Ameriprise Financial Inc. raised its position in shares of Navigant Consulting by 47.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 443,779 shares of the business services provider’s stock valued at $8,769,000 after purchasing an additional 143,756 shares during the period. Institutional investors and hedge funds own 90.93% 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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