Navigant Consulting, Inc. (NYSE:NCI) – Equities research analysts at Barrington Research reduced their Q3 2017 earnings per share estimates for Navigant Consulting in a report issued on Tuesday. Barrington Research analyst K. Steinke now anticipates that the business services provider will post earnings of $0.31 per share for the quarter, down from their prior estimate of $0.38. Barrington Research also issued estimates for Navigant Consulting’s Q4 2017 earnings at $0.38 EPS.
Other analysts also recently issued research reports about the company. BidaskClub downgraded Navigant Consulting from a “hold” rating to a “sell” rating in a research note on Friday, August 4th. Zacks Investment Research cut Navigant Consulting from a “hold” rating to a “sell” rating in a report on Friday, May 5th. ValuEngine cut Navigant Consulting from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Cowen and Company raised their price objective on Navigant Consulting from $16.50 to $24.00 and gave the company an “outperform” rating in a report on Friday, June 9th. Finally, TheStreet cut Navigant Consulting from a “b” rating to a “c+” rating in a report on Friday, May 12th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $24.50.
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Shares of Navigant Consulting (NYSE NCI) opened at 15.68 on Thursday. The company has a market cap of $738.72 million, a P/E ratio of 15.08 and a beta of 0.83. The stock’s 50 day moving average price is $18.92 and its 200 day moving average price is $21.48. Navigant Consulting has a 1-year low of $15.64 and a 1-year high of $27.86.
Navigant Consulting (NYSE:NCI) last issued its earnings results on Monday, July 31st. The business services provider reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by $0.09. Navigant Consulting had a net margin of 4.97% and a return on equity of 8.95%. The firm had revenue of $235.20 million during the quarter, compared to analysts’ expectations of $253.66 million. The business’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.33 EPS.
Navigant Consulting declared that its Board of Directors has authorized a stock buyback plan on Wednesday, May 3rd that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the business services provider to buy up to 9.7% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.
Several institutional investors have recently made changes to their positions in the stock. State of Alaska Department of Revenue boosted its position in shares of Navigant Consulting by 1.4% in the first quarter. State of Alaska Department of Revenue now owns 5,200 shares of the business services provider’s stock valued at $118,000 after buying an additional 70 shares during the last quarter. Louisiana State Employees Retirement System boosted its position in shares of Navigant Consulting by 0.5% in the second quarter. Louisiana State Employees Retirement System now owns 19,200 shares of the business services provider’s stock valued at $379,000 after buying an additional 100 shares during the last quarter. Arizona State Retirement System boosted its position in shares of Navigant Consulting by 0.8% in the first quarter. Arizona State Retirement System now owns 24,422 shares of the business services provider’s stock valued at $558,000 after buying an additional 200 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its position in shares of Navigant Consulting by 2.2% in the second quarter. Municipal Employees Retirement System of Michigan now owns 14,700 shares of the business services provider’s stock valued at $291,000 after buying an additional 310 shares during the last quarter. Finally, Aperio Group LLC boosted its position in shares of Navigant Consulting by 1.7% in the second quarter. Aperio Group LLC now owns 20,829 shares of the business services provider’s stock valued at $412,000 after buying an additional 350 shares during the last quarter. Institutional investors own 93.73% of the company’s stock.
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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