Wall Street analysts expect Navigant Consulting, Inc. (NYSE:NCI) to post sales of $244.49 million for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Navigant Consulting’s earnings, with estimates ranging from $242.40 million to $246.10 million. Navigant Consulting reported sales of $239.67 million in the same quarter last year, which suggests a positive year over year growth rate of 2%. The business is expected to issue its next quarterly earnings results on Thursday, February 15th.
According to Zacks, analysts expect that Navigant Consulting will report full year sales of $244.49 million for the current financial year, with estimates ranging from $951.40 million to $955.00 million. For the next year, analysts forecast that the business will post sales of $984.23 million per share, with estimates ranging from $982.80 million to $985.40 million. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for Navigant Consulting.
Navigant Consulting (NYSE:NCI) last released its quarterly earnings results on Thursday, October 26th. The business services provider reported $0.30 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.01). The company had revenue of $262.30 million during the quarter, compared to analysts’ expectations of $241.77 million. Navigant Consulting had a return on equity of 7.32% and a net margin of 4.55%. The firm’s revenue was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.37 EPS.
NCI has been the subject of a number of analyst reports. Zacks Investment Research cut Navigant Consulting from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 1st. ValuEngine lowered Navigant Consulting from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Finally, BidaskClub lowered Navigant Consulting from a “hold” rating to a “sell” rating in a research report on Friday, August 4th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $24.00.
Navigant Consulting (NYSE NCI) traded down $0.02 during midday trading on Thursday, reaching $17.78. The company’s stock had a trading volume of 279,400 shares, compared to its average volume of 266,339. The stock has a market cap of $817.38, a PE ratio of 16.04, a PEG ratio of 1.10 and a beta of 0.86. Navigant Consulting has a 52-week low of $14.62 and a 52-week high of $27.86. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.26 and a current ratio of 2.26.
In related news, Director Randy H. Zwirn sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $17.46, for a total transaction of $87,300.00. Following the sale, the director now directly owns 21,226 shares of the company’s stock, valued at approximately $370,605.96. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Monica M. Weed sold 14,000 shares of the company’s stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $14.78, for a total value of $206,920.00. The disclosure for this sale can be found here. Corporate insiders own 2.32% of the company’s stock.
Hedge funds have recently bought and sold shares of the stock. Flinton Capital Management LLC raised its position in shares of Navigant Consulting by 59.5% during the 2nd quarter. Flinton Capital Management LLC now owns 6,290 shares of the business services provider’s stock valued at $124,000 after acquiring an additional 2,346 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of Navigant Consulting by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 6,908 shares of the business services provider’s stock valued at $137,000 after acquiring an additional 1,036 shares in the last quarter. State of Alaska Department of Revenue raised its position in shares of Navigant Consulting by 79.4% during the 2nd quarter. State of Alaska Department of Revenue now owns 9,328 shares of the business services provider’s stock valued at $184,000 after acquiring an additional 4,128 shares in the last quarter. SG Americas Securities LLC raised its position 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 acquiring an additional 5,908 shares in the last quarter. Finally, Piedmont Investment Advisors LLC acquired a new stake in shares of Navigant Consulting during the 2nd quarter valued at approximately $204,000. 91.79% of the stock is currently owned by institutional investors and hedge funds.
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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