Wall Street brokerages expect Navigant Consulting, Inc. (NYSE:NCI) to announce $233.79 million in sales for the current quarter, according to Zacks. Three analysts have issued estimates for Navigant Consulting’s earnings, with the lowest sales estimate coming in at $230.30 million and the highest estimate coming in at $239.07 million. Navigant Consulting posted sales of $236.21 million during the same quarter last year, which suggests a negative year over year growth rate of 1%. The firm is scheduled to announce its next earnings results on Wednesday, May 2nd.
On average, analysts expect that Navigant Consulting will report full year sales of $233.79 million for the current financial year, with estimates ranging from $940.10 million to $956.33 million. For the next year, analysts expect that the firm will report sales of $974.26 million per share, with estimates ranging from $962.20 million to $983.60 million. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover Navigant Consulting.
Navigant Consulting (NYSE:NCI) last posted its quarterly earnings data on Tuesday, February 20th. The business services provider reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.11). Navigant Consulting had a return on equity of 7.96% and a net margin of 7.26%. The business had revenue of $255.40 million for the quarter, compared to analysts’ expectations of $244.79 million. During the same quarter in the prior year, the firm earned $0.30 earnings per share. Navigant Consulting’s revenue for the quarter was down 4.0% compared to the same quarter last year.
A number of brokerages have recently weighed in on NCI. ValuEngine downgraded Navigant Consulting from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. Zacks Investment Research upgraded Navigant Consulting from a “sell” rating to a “hold” rating in a report on Thursday, February 22nd. Finally, Barrington Research downgraded Navigant Consulting from an “outperform” rating to a “market perform” rating in a report on Wednesday, February 21st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $24.00.
Shares of NYSE NCI traded down $0.01 during trading on Monday, reaching $20.11. The stock had a trading volume of 487,822 shares, compared to its average volume of 228,104. Navigant Consulting has a one year low of $14.62 and a one year high of $24.47. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $906.76, a price-to-earnings ratio of 18.45, a price-to-earnings-growth ratio of 1.15 and a beta of 0.92.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Elkfork Partners LLC bought a new position in Navigant Consulting during the 4th quarter worth $127,000. MetLife Investment Advisors LLC bought a new position in Navigant Consulting during the 4th quarter worth $421,000. Gotham Asset Management LLC bought a new position in Navigant Consulting during the 4th quarter worth $795,000. Municipal Employees Retirement System of Michigan grew its stake in Navigant Consulting by 30.6% during the 4th quarter. Municipal Employees Retirement System of Michigan now owns 27,890 shares of the business services provider’s stock worth $541,000 after buying an additional 6,530 shares during the last quarter. Finally, Macquarie Group Ltd. grew its stake in Navigant Consulting by 11.7% during the 4th quarter. Macquarie Group Ltd. now owns 1,262,309 shares of the business services provider’s stock worth $24,501,000 after buying an additional 132,026 shares during the last quarter. Hedge funds and other institutional investors own 95.27% of the company’s stock.
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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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