Brokerages Anticipate Navigant Consulting, Inc. (NCI) Will Announce Earnings of $0.30 Per Share
Wall Street brokerages expect that Navigant Consulting, Inc. (NYSE:NCI) will report $0.30 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Navigant Consulting’s earnings, with estimates ranging from $0.28 to $0.31. Navigant Consulting posted earnings of $0.27 per share in the same quarter last year, which would indicate a positive year over year growth rate of 11.1%. The business is scheduled to announce its next earnings results on Wednesday, May 2nd.
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 $1.26 to $1.33. For the next financial year, analysts expect that the firm will post earnings of $1.40 per share, with EPS estimates ranging from $1.33 to $1.49. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that follow Navigant Consulting.
Navigant Consulting (NYSE:NCI) last posted its quarterly earnings results on Tuesday, February 20th. The business services provider reported $0.29 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.11). The company had revenue of $255.40 million for the quarter, compared to analyst estimates of $244.79 million. Navigant Consulting had a return on equity of 7.96% and a net margin of 7.26%. The business’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.30 earnings per share.
A number of hedge funds and other institutional investors have recently bought and sold shares of NCI. Elkfork Partners LLC acquired a new stake in Navigant Consulting in the fourth quarter valued at approximately $127,000. Victory Capital Management Inc. lifted its stake in Navigant Consulting by 57.1% in the third quarter. Victory Capital Management Inc. now owns 10,855 shares of the business services provider’s stock valued at $184,000 after acquiring an additional 3,947 shares during the last quarter. SG Americas Securities LLC lifted its stake in Navigant Consulting by 110.2% in the third quarter. SG Americas Securities LLC now owns 11,269 shares of the business services provider’s stock valued at $191,000 after acquiring an additional 5,908 shares during the last quarter. First Mercantile Trust Co. lifted its stake in Navigant Consulting by 154.5% in the fourth quarter. First Mercantile Trust Co. now owns 9,850 shares of the business services provider’s stock valued at $191,000 after acquiring an additional 5,980 shares during the last quarter. Finally, Eqis Capital Management Inc. acquired a new stake in Navigant Consulting in the third quarter valued at approximately $204,000. Hedge funds and other institutional investors own 88.79% of the company’s stock.
Navigant Consulting (NYSE:NCI) traded up $0.23 during midday trading on Friday, reaching $19.83. 348,662 shares of the company’s stock were exchanged, compared to its average volume of 338,582. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.86 and a quick ratio of 2.26. The firm has a market capitalization of $893.70, a PE ratio of 12.63, a PEG ratio of 1.13 and a beta of 0.91. Navigant Consulting has a 1 year low of $14.62 and a 1 year high of $24.47.
TRADEMARK VIOLATION WARNING: This piece was originally posted by Watch List News and is owned by of Watch List News. If you are accessing this piece on another domain, it was copied illegally and reposted in violation of United States & international copyright laws. The correct version of this piece can be read at https://www.watchlistnews.com/brokerages-anticipate-navigant-consulting-inc-nci-will-announce-earnings-of-0-30-per-share/1907890.html.
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.
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.