Navigant Consulting (NYSE:NCI) released its earnings results on Tuesday. The business services provider reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.11), Bloomberg Earnings reports. The firm had revenue of $255.40 million for the quarter, compared to the consensus estimate of $244.79 million. Navigant Consulting had a return on equity of 8.25% and a net margin of 4.35%. The company’s revenue was down 4.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.30 EPS. Navigant Consulting updated its FY18 guidance to $1.26-1.44 EPS.
Shares of Navigant Consulting (NYSE NCI) opened at $19.99 on Tuesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.26 and a current ratio of 2.26. Navigant Consulting has a 52 week low of $14.62 and a 52 week high of $24.47. The company has a market capitalization of $917.94, a price-to-earnings ratio of 21.27, a P/E/G ratio of 1.14 and a beta of 0.91.
Several institutional investors have recently made changes to their positions in the stock. MetLife Investment Advisors LLC acquired a new stake in shares of Navigant Consulting during the fourth quarter worth $421,000. Gotham Asset Management LLC acquired a new stake in shares of Navigant Consulting during the fourth quarter worth $795,000. Municipal Employees Retirement System of Michigan grew its stake in shares of Navigant Consulting by 30.6% during the fourth quarter. Municipal Employees Retirement System of Michigan now owns 27,890 shares of the business services provider’s stock worth $541,000 after purchasing an additional 6,530 shares during the period. Macquarie Group Ltd. grew its stake in shares of Navigant Consulting by 11.7% during the fourth quarter. Macquarie Group Ltd. now owns 1,262,309 shares of the business services provider’s stock worth $24,501,000 after purchasing an additional 132,026 shares during the period. Finally, Engine Capital Management LLC acquired a new stake in shares of Navigant Consulting during the fourth quarter worth $33,675,000. 88.79% of the stock is owned by institutional investors and hedge funds.
A number of research firms have recently weighed in on NCI. TheStreet upgraded Navigant Consulting from a “c+” rating to a “b-” rating in a research report on Monday, November 27th. Zacks Investment Research downgraded Navigant Consulting from a “hold” rating to a “sell” rating in a research report on Friday, October 27th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $24.00.
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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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