Wall Street brokerages expect that Navigant Consulting, Inc. (NYSE:NCI) will report sales of $236.01 million for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Navigant Consulting’s earnings, with estimates ranging from $233.70 million to $239.00 million. Navigant Consulting posted sales of $235.24 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 0.3%. The firm is scheduled to report its next quarterly earnings report on Monday, July 30th.
On average, analysts expect that Navigant Consulting will report full-year sales of $958.15 million for the current year, with estimates ranging from $952.17 million to $966.20 million. For the next fiscal year, analysts expect that the company will post sales of $991.49 million per share, with estimates ranging from $976.84 million to $1.01 billion. Zacks Investment Research’s 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 posted its quarterly earnings results on Wednesday, May 2nd. The business services provider reported $0.30 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.30. Navigant Consulting had a return on equity of 7.95% and a net margin of 7.29%. The company had revenue of $243.90 million for the quarter, compared to analysts’ expectations of $233.79 million. During the same period last year, the firm earned $0.27 earnings per share. Navigant Consulting’s quarterly revenue was up 3.3% on a year-over-year basis.
A number of research firms have weighed in on NCI. Barrington Research upgraded Navigant Consulting from a “market perform” rating to an “outperform” rating and set a $26.00 price target on the stock in a research note on Monday, May 7th. Zacks Investment Research lowered Navigant Consulting from a “hold” rating to a “sell” rating in a report on Monday, May 7th. Finally, ValuEngine lowered Navigant Consulting from a “buy” rating to a “hold” rating in a report on Friday. Two research analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $26.00.
Navigant Consulting traded up $0.39, reaching $22.53, during midday trading on Wednesday, MarketBeat reports. The company’s stock had a trading volume of 263,400 shares, compared to its average volume of 270,991. Navigant Consulting has a fifty-two week low of $14.62 and a fifty-two week high of $25.25. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.60 and a quick ratio of 2.60. The stock has a market cap of $1.00 billion, a PE ratio of 20.39, a P/E/G ratio of 1.26 and a beta of 0.91.
Several hedge funds have recently modified their holdings of the business. Dynamic Technology Lab Private Ltd purchased a new position in shares of Navigant Consulting during the first quarter worth about $1,616,000. Summit Trail Advisors LLC purchased a new position in shares of Navigant Consulting during the first quarter worth about $114,000. Foundry Partners LLC grew its holdings in shares of Navigant Consulting by 6.6% during the first quarter. Foundry Partners LLC now owns 237,855 shares of the business services provider’s stock worth $4,576,000 after purchasing an additional 14,726 shares during the last quarter. Millennium Management LLC grew its holdings in shares of Navigant Consulting by 910.0% during the first quarter. Millennium Management LLC now owns 589,383 shares of the business services provider’s stock worth $11,340,000 after purchasing an additional 531,030 shares during the last quarter. Finally, Verition Fund Management LLC purchased a new position in shares of Navigant Consulting during the first quarter worth about $301,000. 92.64% of the stock is currently 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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