Navigant Consulting, Inc. (NCI) Expected to Post Earnings of $0.40 Per Share
Equities research analysts predict that Navigant Consulting, Inc. (NYSE:NCI) will announce earnings of $0.40 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Navigant Consulting’s earnings. The lowest EPS estimate is $0.37 and the highest is $0.44. Navigant Consulting reported earnings per share of $0.30 in the same quarter last year, which suggests a positive year-over-year growth rate of 33.3%. The business is expected to announce its next quarterly earnings report on Thursday, February 15th.
On average, analysts expect that Navigant Consulting will report full year earnings of $1.20 per share for the current year, with EPS estimates ranging from $1.17 to $1.23. For the next financial year, analysts anticipate that the firm will post earnings of $1.30 per share, with EPS estimates ranging from $1.29 to $1.31. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Navigant Consulting.
Navigant Consulting (NYSE:NCI) last posted its quarterly earnings results on Thursday, October 26th. The business services provider reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.01). Navigant Consulting had a return on equity of 7.32% and a net margin of 4.55%. 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 previous year, the company earned $0.37 EPS. The business’s quarterly revenue was up 10.4% on a year-over-year basis.
A number of research firms have commented on NCI. BidaskClub cut Navigant Consulting from a “hold” rating to a “sell” rating in a report on Friday, August 4th. ValuEngine cut Navigant Consulting from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, Zacks Investment Research raised Navigant Consulting from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 10th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $24.00.
Navigant Consulting (NYSE:NCI) traded up $0.12 during mid-day trading on Tuesday, hitting $18.41. The stock had a trading volume of 199,858 shares, compared to its average volume of 266,192. The stock has a market cap of $817.38, a P/E ratio of 16.04, a P/E/G ratio of 1.10 and a beta of 0.86. Navigant Consulting has a 52-week low of $14.62 and a 52-week high of $27.86. The company has a current ratio of 2.26, a quick ratio of 2.26 and a debt-to-equity ratio of 0.27.
In other news, EVP Monica M. Weed sold 14,000 shares of the company’s stock in a transaction on Monday, August 21st. The stock was sold at an average price of $14.78, for a total transaction of $206,920.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Randy H. Zwirn sold 5,000 shares of the business’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $17.46, for a total transaction of $87,300.00. Following the sale, the director now directly owns 21,226 shares in the company, valued at $370,605.96. The disclosure for this sale can be found here. Insiders own 2.32% of the company’s stock.
Large investors have recently bought and sold shares of the business. Cubist Systematic Strategies LLC purchased a new stake in shares of Navigant Consulting during the 3rd quarter worth about $204,000. Highbridge Capital Management LLC raised its position in shares of Navigant Consulting by 51.1% during the 3rd quarter. Highbridge Capital Management LLC now owns 61,423 shares of the business services provider’s stock worth $1,039,000 after purchasing an additional 20,778 shares during the last quarter. Royce & Associates LP raised its position in shares of Navigant Consulting by 7.3% during the 3rd quarter. Royce & Associates LP now owns 214,223 shares of the business services provider’s stock worth $3,625,000 after purchasing an additional 14,500 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of Navigant Consulting by 24.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 27,215 shares of the business services provider’s stock worth $460,000 after purchasing an additional 5,293 shares during the last quarter. Finally, Wells Fargo & Company MN raised its position in shares of Navigant Consulting by 3.1% during the 3rd quarter. Wells Fargo & Company MN now owns 139,246 shares of the business services provider’s stock worth $2,357,000 after purchasing an additional 4,217 shares during the last quarter. 91.79% of the stock is currently owned by institutional investors.
Navigant Consulting Company Profile
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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