Navigant Consulting Inc. (NYSE:NCI) – Avondale Partners issued their Q3 2016 earnings estimates for shares of Navigant Consulting in a research report issued to clients and investors on Wednesday. Avondale Partners analyst R. Reece forecasts that the firm will post earnings per share of $0.31 for the quarter.

Separately, Zacks Investment Research downgraded Navigant Consulting from a “buy” rating to a “hold” rating in a research note on Tuesday, September 27th.

Earnings History and Estimates for Navigant Consulting (NYSE:NCI)

Shares of Navigant Consulting (NYSE:NCI) traded down 1.73% during trading on Friday, hitting $19.85. The stock had a trading volume of 19,151 shares. The company has a market capitalization of $940.89 million, a price-to-earnings ratio of 17.72 and a beta of 1.35. The company’s 50 day moving average price is $19.77 and its 200 day moving average price is $17.36. Navigant Consulting has a 52 week low of $14.07 and a 52 week high of $20.58.

Navigant Consulting (NYSE:NCI) last announced its earnings results on Tuesday, July 26th. The company reported $0.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.07. The company had revenue of $238.49 million for the quarter, compared to analyst estimates of $231.24 million. Navigant Consulting had a return on equity of 9.64% and a net margin of 5.97%. The firm’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.26 earnings per share.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its position in Navigant Consulting by 8.3% in the second quarter. Dimensional Fund Advisors LP now owns 3,906,835 shares of the company’s stock valued at $63,093,000 after buying an additional 300,277 shares during the last quarter. Vanguard Group Inc. boosted its position in Navigant Consulting by 5.4% in the second quarter. Vanguard Group Inc. now owns 3,797,596 shares of the company’s stock valued at $61,331,000 after buying an additional 195,561 shares during the last quarter. BlackRock Fund Advisors boosted its position in Navigant Consulting by 3.0% in the second quarter. BlackRock Fund Advisors now owns 3,045,415 shares of the company’s stock valued at $49,183,000 after buying an additional 89,699 shares during the last quarter. Boston Partners boosted its position in Navigant Consulting by 1.0% in the second quarter. Boston Partners now owns 2,062,689 shares of the company’s stock valued at $33,313,000 after buying an additional 19,676 shares during the last quarter. Finally, Vulcan Value Partners LLC boosted its position in Navigant Consulting by 22.4% in the second quarter. Vulcan Value Partners LLC now owns 1,898,325 shares of the company’s stock valued at $30,658,000 after buying an additional 347,835 shares during the last quarter. 91.63% of the stock is currently owned by hedge funds and other institutional investors.

About Navigant Consulting

Navigant Consulting, Inc (Navigant) is a global professional services firm. The Company serves clients in the healthcare, energy and financial services industries. The Company operates in four segments: Disputes, Investigations & Economics; Financial, Risk & Compliance; Healthcare, and Energy. The Disputes, Investigations & Economics segment’s professional services include valuation and economic analysis, as well as accounting, regulatory, construction and computer forensic expertise.

5 Day Chart for NYSE:NCI

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