Brokerages forecast that Navigant Consulting, Inc. (NYSE:NCI) will report earnings of $0.32 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Navigant Consulting’s earnings. The highest EPS estimate is $0.32 and the lowest is $0.31. Navigant Consulting posted earnings per share of $0.24 in the same quarter last year, which suggests a positive year over year growth rate of 33.3%. The business is expected to announce its next earnings results on Monday, July 30th.
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 $1.28 to $1.31. For the next year, analysts anticipate that the firm will post earnings of $1.41 per share, with EPS estimates ranging from $1.33 to $1.49. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that follow Navigant Consulting.
Navigant Consulting (NYSE:NCI) last released its earnings results on Wednesday, May 2nd. The business services provider reported $0.30 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.30. Navigant Consulting had a net margin of 7.29% and a return on equity of 7.95%. The business had revenue of $243.90 million during the quarter, compared to the consensus estimate of $233.79 million. During the same quarter last year, the firm earned $0.27 earnings per share. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year.
NCI has been the subject of a number of analyst reports. ValuEngine raised shares of Navigant Consulting from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. Barrington Research raised shares of Navigant Consulting from a “market perform” rating to an “outperform” rating and set a $26.00 price objective for the company in a research report on Monday, May 7th. Finally, Zacks Investment Research downgraded shares of Navigant Consulting from a “hold” rating to a “sell” rating in a research report on Monday, May 7th. Two analysts have rated the stock with a sell rating and two have issued a buy rating to the company’s stock. Navigant Consulting currently has a consensus rating of “Hold” and an average price target of $26.00.
Shares of Navigant Consulting opened at $22.82 on Monday, according to Marketbeat.com. Navigant Consulting has a one year low of $14.62 and a one year high of $25.25. The stock has a market capitalization of $1.08 billion, a PE ratio of 20.94, a PEG ratio of 1.36 and a beta of 0.94. The company has a quick ratio of 2.60, a current ratio of 2.60 and a debt-to-equity ratio of 0.27.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Dynamic Technology Lab Private Ltd bought a new position in shares of Navigant Consulting in the 1st quarter valued at about $1,616,000. Summit Trail Advisors LLC bought a new position in shares of Navigant Consulting in the 1st quarter valued at about $114,000. Foundry Partners LLC lifted its stake in shares of Navigant Consulting by 6.6% during the 1st quarter. Foundry Partners LLC now owns 237,855 shares of the business services provider’s stock worth $4,576,000 after buying an additional 14,726 shares during the last quarter. Millennium Management LLC lifted its stake in shares of Navigant Consulting by 910.0% during the 1st quarter. Millennium Management LLC now owns 589,383 shares of the business services provider’s stock worth $11,340,000 after buying an additional 531,030 shares during the last quarter. Finally, Verition Fund Management LLC acquired a new stake in shares of Navigant Consulting during the 1st quarter worth about $301,000. 92.64% of the stock is owned by institutional investors.
Navigant Consulting Company Profile
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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