Navigant Consulting, Inc. (NCI) Expected to Post Earnings of $0.26 Per Share
Brokerages expect that Navigant Consulting, Inc. (NYSE:NCI) will announce $0.26 earnings per share for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Navigant Consulting’s earnings, with estimates ranging from $0.24 to $0.29. Navigant Consulting reported earnings of $0.27 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 3.7%. The firm is expected to announce its next earnings results before the market opens on Wednesday, May 3rd.
According to Zacks, analysts expect that Navigant Consulting will report full-year earnings of $1.33 per share for the current financial year. For the next fiscal year, analysts forecast that the business will report earnings of $1.45 per share, with EPS estimates ranging from $1.40 to $1.48. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that follow Navigant Consulting.
Navigant Consulting (NYSE:NCI) last issued its quarterly earnings results on Thursday, February 16th. The business services provider reported $0.30 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.03. The firm had revenue of $239.70 million for the quarter, compared to analyst estimates of $18.87 million. Navigant Consulting had a net margin of 6.12% and a return on equity of 10.03%. Navigant Consulting’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same period last year, the company posted $0.28 EPS.
Separately, Zacks Investment Research downgraded shares of Navigant Consulting from a “buy” rating to a “hold” rating in a research note on Monday, January 9th.
Shares of Navigant Consulting (NYSE:NCI) traded up 0.87% on Monday, reaching $23.23. 172,949 shares of the company were exchanged. Navigant Consulting has a 52-week low of $15.07 and a 52-week high of $27.86. The stock has a 50 day moving average of $22.69 and a 200-day moving average of $23.65. The company has a market capitalization of $1.09 billion, a P/E ratio of 19.52 and a beta of 1.06.
In other news, EVP Lee A. Spirer sold 46,391 shares of the firm’s stock in a transaction on Wednesday, February 22nd. The shares were sold at an average price of $22.96, for a total value of $1,065,137.36. Following the transaction, the executive vice president now owns 50,749 shares of the company’s stock, valued at approximately $1,165,197.04. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Julie Howard sold 9,881 shares of the firm’s stock in a transaction on Monday, February 27th. The shares were sold at an average price of $23.72, for a total transaction of $234,377.32. Following the completion of the transaction, the chief executive officer now directly owns 81,072 shares in the company, valued at approximately $1,923,027.84. The disclosure for this sale can be found here. In the last three months, insiders sold 58,272 shares of company stock worth $1,299,695. Insiders own 2.36% of the company’s stock.
Institutional investors have recently modified their holdings of the stock. Municipal Employees Retirement System of Michigan increased its position in shares of Navigant Consulting by 1.2% in the third quarter. Municipal Employees Retirement System of Michigan now owns 14,680 shares of the business services provider’s stock worth $297,000 after buying an additional 170 shares in the last quarter. Rhumbline Advisers increased its position in shares of Navigant Consulting by 4.6% in the third quarter. Rhumbline Advisers now owns 79,689 shares of the business services provider’s stock worth $1,611,000 after buying an additional 3,515 shares in the last quarter. Essex Investment Management Co. LLC acquired a new position in shares of Navigant Consulting during the third quarter worth approximately $1,392,000. Martingale Asset Management L P increased its position in shares of Navigant Consulting by 8.3% in the fourth quarter. Martingale Asset Management L P now owns 157,577 shares of the business services provider’s stock worth $4,126,000 after buying an additional 12,138 shares in the last quarter. Finally, Bogle Investment Management L P DE acquired a new position in shares of Navigant Consulting during the fourth quarter worth approximately $3,948,000. 90.67% of the stock is currently owned by institutional investors and hedge funds.
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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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