Wall Street analysts expect Navigant Consulting (NYSE:NCI) to report $0.30 earnings per share (EPS) for the current quarter, Zacks reports. Three analysts have made estimates for Navigant Consulting’s earnings, with estimates ranging from $0.28 to $0.31. Navigant Consulting reported 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 firm is expected to issue its next earnings results before the market opens 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 financial year, with EPS estimates ranging from $1.26 to $1.33. For the next year, analysts forecast that the business will post earnings of $1.40 per share, with EPS estimates ranging from $1.33 to $1.49. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Navigant Consulting.
Navigant Consulting (NYSE:NCI) last released its quarterly earnings results on Tuesday, February 20th. The business services provider reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.11). The firm had revenue of $255.40 million during the quarter, compared to the consensus estimate of $244.79 million. Navigant Consulting had a return on equity of 7.96% and a net margin of 7.26%. The company’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.30 EPS.
A number of analysts have recently weighed in on the stock. ValuEngine upgraded shares of Navigant Consulting from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. Zacks Investment Research raised shares of Navigant Consulting from a “sell” rating to a “hold” rating in a research report on Tuesday, January 2nd. Finally, Barrington Research downgraded shares of Navigant Consulting from an “outperform” rating to a “market perform” rating in a research report on Wednesday, February 21st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. Navigant Consulting currently has a consensus rating of “Hold” and a consensus target price of $24.00.
Institutional investors have recently modified their holdings of the company. Elkfork Partners LLC purchased a new position in shares of Navigant Consulting during the 4th quarter valued at $127,000. First Mercantile Trust Co. lifted its stake in shares of Navigant Consulting by 154.5% during the 4th quarter. First Mercantile Trust Co. now owns 9,850 shares of the business services provider’s stock valued at $191,000 after buying an additional 5,980 shares in the last quarter. SG Americas Securities LLC lifted its stake in shares of Navigant Consulting by 110.2% during the 3rd quarter. SG Americas Securities LLC now owns 11,269 shares of the business services provider’s stock valued at $191,000 after buying an additional 5,908 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new position in shares of Navigant Consulting during the 3rd quarter valued at $204,000. Finally, Ramsey Quantitative Systems purchased a new position in shares of Navigant Consulting during the 4th quarter valued at $272,000. Institutional investors and hedge funds own 95.27% of the company’s stock.
Shares of Navigant Consulting stock traded down $0.07 during trading on Tuesday, hitting $21.53. The stock had a trading volume of 94,943 shares, compared to its average volume of 210,910. The stock has a market cap of $970.31, a P/E ratio of 19.75, a PEG ratio of 1.23 and a beta of 0.92. Navigant Consulting has a 12 month low of $14.62 and a 12 month high of $24.47. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.86 and a current ratio of 1.86.
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About Navigant Consulting
Navigant Consulting, Inc provides professional services to corporate executives and senior management, corporate counsel, law firms, corporate boards, special committees, and governmental agencies worldwide. It operates through four segments: Healthcare; Energy; Financial Services Advisory and Compliance; and Disputes, Forensics and Legal Technology.
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