Wall Street brokerages expect that Navigant Consulting, Inc. (NYSE:NCI) will report $233.79 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Navigant Consulting’s earnings, with estimates ranging from $230.30 million to $239.07 million. Navigant Consulting reported sales of $236.21 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 1%. The firm is expected to announce its next quarterly earnings report before the market opens on Wednesday, May 2nd.
According to Zacks, analysts expect that Navigant Consulting will report full year sales of $947.38 million for the current fiscal year, with estimates ranging from $940.10 million to $956.33 million. For the next fiscal year, analysts expect that the business will post sales of $974.26 million per share, with estimates ranging from $962.20 million to $983.60 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover Navigant Consulting.
Navigant Consulting (NYSE:NCI) last announced its earnings results on Tuesday, February 20th. The business services provider reported $0.29 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by ($0.11). Navigant Consulting had a net margin of 7.26% and a return on equity of 7.96%. The company had revenue of $255.40 million during the quarter, compared to the consensus estimate of $244.79 million. During the same quarter in the previous year, the company earned $0.30 earnings per share. The business’s revenue was down 4.0% on a year-over-year basis.
Several equities analysts have issued reports on NCI shares. Zacks Investment Research raised Navigant Consulting from a “sell” rating to a “hold” rating in a research note on Tuesday, January 2nd. Barrington Research lowered Navigant Consulting from an “outperform” rating to a “market perform” rating in a research note on Wednesday, February 21st. Finally, ValuEngine raised Navigant Consulting from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $24.00.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Elkfork Partners LLC acquired a new position in Navigant Consulting in the fourth quarter valued at approximately $127,000. MetLife Investment Advisors LLC acquired a new position in Navigant Consulting in the fourth quarter valued at approximately $421,000. Gotham Asset Management LLC acquired a new position in Navigant Consulting in the fourth quarter valued at approximately $795,000. Municipal Employees Retirement System of Michigan lifted its stake in Navigant Consulting by 30.6% in the fourth quarter. Municipal Employees Retirement System of Michigan now owns 27,890 shares of the business services provider’s stock valued at $541,000 after buying an additional 6,530 shares during the period. Finally, Macquarie Group Ltd. lifted its stake in Navigant Consulting by 11.7% in the fourth quarter. Macquarie Group Ltd. now owns 1,262,309 shares of the business services provider’s stock valued at $24,501,000 after buying an additional 132,026 shares during the period. 95.27% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NCI stock opened at $21.67 on Thursday. Navigant Consulting has a one year low of $14.62 and a one year high of $24.47. The company has a market capitalization of $950.92, a P/E ratio of 19.88, a P/E/G ratio of 1.21 and a beta of 0.92. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.19.
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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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