Brokerages expect that Navigant Consulting, Inc. (NYSE:NCI) will post $169.28 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Navigant Consulting’s earnings. The highest sales estimate is $171.05 million and the lowest is $167.60 million. Navigant Consulting posted sales of $237.51 million during the same quarter last year, which suggests a negative year over year growth rate of 28.7%. The company is expected to issue its next earnings results on Thursday, November 1st.
According to Zacks, analysts expect that Navigant Consulting will report full-year sales of $668.51 million for the current fiscal year, with estimates ranging from $665.00 million to $672.24 million. For the next year, analysts anticipate that the firm will report sales of $730.88 million, with estimates ranging from $727.50 million to $732.63 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Navigant Consulting.
Navigant Consulting (NYSE:NCI) last posted its quarterly earnings results on Thursday, August 2nd. The business services provider reported $0.49 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.17. Navigant Consulting had a net margin of 9.05% and a return on equity of 9.45%. The firm had revenue of $252.40 million for the quarter, compared to analyst estimates of $241.73 million. During the same period in the prior year, the firm posted $0.24 earnings per share. The company’s quarterly revenue was up 7.4% compared to the same quarter last year.
NCI has been the topic of several analyst reports. Zacks Investment Research lowered shares of Navigant Consulting from a “buy” rating to a “hold” rating in a research report on Monday, July 9th. William Blair lowered shares of Navigant Consulting from an “outperform” rating to a “market perform” rating in a research report on Thursday, August 2nd. ValuEngine raised shares of Navigant Consulting from a “hold” rating to a “buy” rating in a research report on Friday, August 3rd. Finally, Barrington Research upped their price target on shares of Navigant Consulting to $30.00 and gave the stock an “outperform” rating in a research report on Thursday, August 23rd. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $27.50.
In other Navigant Consulting news, EVP Monica M. Weed sold 23,775 shares of the company’s stock in a transaction on Monday, August 6th. The shares were sold at an average price of $24.67, for a total value of $586,529.25. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Stephen R. Lieberman sold 3,000 shares of the company’s stock in a transaction on Thursday, September 6th. The shares were sold at an average price of $24.24, for a total transaction of $72,720.00. Following the completion of the transaction, the chief financial officer now owns 53,513 shares in the company, valued at $1,297,155.12. The disclosure for this sale can be found here. Insiders have sold 51,575 shares of company stock worth $1,258,383 over the last ninety days. Insiders own 2.75% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the business. Robeco Institutional Asset Management B.V. increased its holdings in shares of Navigant Consulting by 31.0% in the third quarter. Robeco Institutional Asset Management B.V. now owns 174,249 shares of the business services provider’s stock valued at $4,019,000 after purchasing an additional 41,225 shares during the last quarter. James Investment Research Inc. acquired a new position in shares of Navigant Consulting in the third quarter valued at $2,119,000. Russell Investments Group Ltd. increased its holdings in shares of Navigant Consulting by 22.5% in the third quarter. Russell Investments Group Ltd. now owns 43,402 shares of the business services provider’s stock valued at $1,001,000 after purchasing an additional 7,965 shares during the last quarter. First Trust Advisors LP increased its holdings in shares of Navigant Consulting by 6.1% in the third quarter. First Trust Advisors LP now owns 133,499 shares of the business services provider’s stock valued at $3,078,000 after purchasing an additional 7,711 shares during the last quarter. Finally, Northwest Investment Counselors LLC increased its holdings in shares of Navigant Consulting by 8.1% in the third quarter. Northwest Investment Counselors LLC now owns 44,783 shares of the business services provider’s stock valued at $1,033,000 after purchasing an additional 3,370 shares during the last quarter. Hedge funds and other institutional investors own 93.40% of the company’s stock.
NYSE NCI opened at $21.60 on Thursday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.59 and a current ratio of 3.59. Navigant Consulting has a 1 year low of $16.67 and a 1 year high of $25.85. The firm has a market cap of $946.90 million, a price-to-earnings ratio of 19.82, a PEG ratio of 3.60 and a beta of 0.84.
Navigant Consulting Company Profile
Navigant Consulting, Inc provides professional services to corporate executives and senior management, corporate counsel, law firms, corporate boards, special committees, and governmental agencies worldwide. It operates through four segments: Healthcare; Energy; Financial Services Advisory and Compliance; and Disputes, Forensics and Legal Technology.
Featured Article: Does the discount rate affect the economy?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Navigant Consulting Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Navigant Consulting and related companies with MarketBeat.com's FREE daily email newsletter.