Brokerages forecast that Navigant Consulting, Inc. (NYSE:NCI) will announce earnings per share (EPS) of $0.32 for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Navigant Consulting’s earnings, with the lowest EPS estimate coming in at $0.31 and the highest estimate coming in at $0.32. Navigant Consulting posted earnings of $0.24 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 33.3%. The business is scheduled to announce its next quarterly earnings report on Monday, July 30th.
According to Zacks, analysts expect that Navigant Consulting will report full year earnings of $1.30 per share for the current year, with EPS estimates ranging from $1.28 to $1.31. For the next fiscal year, analysts anticipate that the firm will report earnings of $1.41 per share, with EPS estimates ranging from $1.33 to $1.49. Zacks’ earnings per share averages are an average based on a survey of research firms that follow Navigant Consulting.
Get Navigant Consulting alerts:Navigant Consulting (NYSE:NCI) last posted its earnings results on Wednesday, May 2nd. The business services provider reported $0.30 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.30. Navigant Consulting had a net margin of 7.29% and a return on equity of 7.95%. The firm had revenue of $243.90 million during the quarter, compared to analysts’ expectations of $233.79 million. During the same period last year, the company posted $0.27 EPS. The company’s quarterly revenue was up 3.3% compared to the same quarter last year.
A number of brokerages recently issued reports on NCI. ValuEngine cut shares of Navigant Consulting from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. Barrington Research raised shares of Navigant Consulting from a “market perform” rating to an “outperform” rating and set a $26.00 price target for the company in a research report on Monday, May 7th. Finally, Zacks Investment Research cut shares of Navigant Consulting from a “hold” rating to a “sell” rating in a research report on Monday, May 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $25.50.
Shares of NYSE:NCI traded up $0.09 on Thursday, hitting $21.44. The company had a trading volume of 13,514 shares, compared to its average volume of 365,522. Navigant Consulting has a 1 year low of $14.62 and a 1 year high of $25.25. The company has a current ratio of 2.60, a quick ratio of 2.60 and a debt-to-equity ratio of 0.27. The stock has a market cap of $953.46 million, a price-to-earnings ratio of 19.59, a P/E/G ratio of 1.21 and a beta of 0.90.
A number of hedge funds and other institutional investors have recently modified their holdings of NCI. Teacher Retirement System of Texas purchased a new position in Navigant Consulting in the fourth quarter worth about $311,000. Wells Fargo & Company MN raised its holdings in Navigant Consulting by 24.7% in the fourth quarter. Wells Fargo & Company MN now owns 173,633 shares of the business services provider’s stock worth $3,370,000 after buying an additional 34,387 shares during the last quarter. Arizona State Retirement System raised its holdings in Navigant Consulting by 218.6% in the fourth quarter. Arizona State Retirement System now owns 77,175 shares of the business services provider’s stock worth $1,498,000 after buying an additional 52,953 shares during the last quarter. Rhumbline Advisers raised its holdings in Navigant Consulting by 6.5% in the fourth quarter. Rhumbline Advisers now owns 111,885 shares of the business services provider’s stock worth $2,172,000 after buying an additional 6,808 shares during the last quarter. Finally, BlackRock Inc. raised its holdings in Navigant Consulting by 1.9% in the fourth quarter. BlackRock Inc. now owns 5,963,727 shares of the business services provider’s stock worth $115,755,000 after buying an additional 111,461 shares during the last quarter. 92.64% of the stock is owned by institutional investors.
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.
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