Wall Street brokerages expect that Navigant Consulting, Inc. (NYSE:NCI) will report earnings of $0.31 per share for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Navigant Consulting’s earnings. Navigant Consulting reported earnings of $0.37 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 16.2%. The company is expected to report its next quarterly earnings results on Tuesday, October 24th.
According to Zacks, analysts expect that Navigant Consulting will report full-year earnings of $1.20 per share for the current year, with EPS estimates ranging from $1.19 to $1.23. For the next financial year, analysts anticipate that the company will post earnings of $1.31 per share, with EPS estimates ranging from $1.30 to $1.31. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that that provide coverage for Navigant Consulting.
Navigant Consulting (NYSE:NCI) last released its earnings results on Monday, July 31st. The business services provider reported $0.24 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.33 by $0.09. The company had revenue of $235.20 million during the quarter, compared to analyst estimates of $253.66 million. Navigant Consulting had a net margin of 4.97% and a return on equity of 8.95%. The company’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.33 EPS.
Several analysts recently issued reports on the company. ValuEngine downgraded Navigant Consulting from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. BidaskClub downgraded Navigant Consulting from a “hold” rating to a “sell” rating in a report on Friday, August 4th. Zacks Investment Research downgraded Navigant Consulting from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 1st. Cowen and Company raised their price target on Navigant Consulting from $16.50 to $24.00 and gave the stock an “outperform” rating in a report on Friday, June 9th. Finally, TheStreet downgraded Navigant Consulting from a “b” rating to a “c+” rating in a report on Friday, May 12th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the company’s stock. Navigant Consulting currently has a consensus rating of “Hold” and an average target price of $24.50.
Hedge funds have recently made changes to their positions in the stock. Great West Life Assurance Co. Can increased its stake in shares of Navigant Consulting by 6.3% in the first quarter. Great West Life Assurance Co. Can now owns 64,531 shares of the business services provider’s stock valued at $1,473,000 after buying an additional 3,824 shares during the last quarter. Bowling Portfolio Management LLC acquired a new stake in shares of Navigant Consulting during the first quarter valued at $717,000. Essex Investment Management Co. LLC increased its stake in shares of Navigant Consulting by 22.4% in the first quarter. Essex Investment Management Co. LLC now owns 64,895 shares of the business services provider’s stock valued at $1,483,000 after buying an additional 11,881 shares during the last quarter. Old Mutual Global Investors UK Ltd. acquired a new stake in shares of Navigant Consulting during the first quarter valued at $653,000. Finally, Strs Ohio increased its stake in shares of Navigant Consulting by 112.0% in the first quarter. Strs Ohio now owns 31,800 shares of the business services provider’s stock valued at $726,000 after buying an additional 16,800 shares during the last quarter. 93.73% of the stock is currently owned by hedge funds and other institutional investors.
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Navigant Consulting (NCI) opened at 15.26 on Friday. Navigant Consulting has a 12-month low of $15.22 and a 12-month high of $27.86. The firm has a market cap of $718.93 million, a price-to-earnings ratio of 14.67 and a beta of 0.83. The stock has a 50 day moving average price of $18.80 and a 200-day moving average price of $21.44.
Navigant Consulting announced that its Board of Directors has authorized a stock repurchase plan on Wednesday, May 3rd that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the business services provider to buy up to 9.7% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.
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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