Zacks: Brokerages Expect NCI, Inc. (NCIT) to Announce $0.25 Earnings Per Share
Wall Street analysts expect NCI, Inc. (NASDAQ:NCIT) to post earnings per share (EPS) of $0.25 for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for NCI’s earnings. NCI reported earnings per share of $0.23 during the same quarter last year, which would suggest a positive year over year growth rate of 8.7%. The company is scheduled to announce its next quarterly earnings results on Wednesday, July 26th.
According to Zacks, analysts expect that NCI will report full-year earnings of $1.00 per share for the current fiscal year, with EPS estimates ranging from $1.00 to $1.01. For the next fiscal year, analysts anticipate that the firm will report earnings of $1.09 per share, with EPS estimates ranging from $1.05 to $1.15. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for NCI.
NCI (NASDAQ:NCIT) last issued its quarterly earnings results on Tuesday, May 9th. The information technology services provider reported $0.25 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.04. The firm had revenue of $78.75 million during the quarter, compared to the consensus estimate of $76.55 million. NCI had a return on equity of 11.73% and a net margin of 2.13%.
A number of brokerages recently commented on NCIT. FBR & Co reissued a “hold” rating and set a $11.00 price target on shares of NCI in a research note on Tuesday, April 4th. Cowen and Company reissued a “buy” rating and set a $16.50 price target on shares of NCI in a research note on Monday, April 10th. Noble Financial reissued a “hold” rating on shares of NCI in a research note on Thursday. Zacks Investment Research raised NCI from a “sell” rating to a “hold” rating in a research note on Saturday, May 13th. Finally, SunTrust Banks, Inc. lowered NCI from a “buy” rating to a “hold” rating and dropped their price target for the company from $24.00 to $20.00 in a research note on Monday, July 3rd. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $18.33.
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Shares of NCI (NASDAQ NCIT) remained flat at $19.95 during mid-day trading on Monday. 269,099 shares of the stock traded hands. NCI has a 12-month low of $10.98 and a 12-month high of $21.40. The firm has a market cap of $270.34 million, a P/E ratio of 44.63 and a beta of 1.05. The company’s 50 day moving average is $19.55 and its 200-day moving average is $15.41.
Several large investors have recently bought and sold shares of the stock. LSV Asset Management raised its stake in NCI by 5.7% in the first quarter. LSV Asset Management now owns 72,201 shares of the information technology services provider’s stock valued at $1,086,000 after buying an additional 3,903 shares during the last quarter. Teachers Advisors LLC raised its stake in NCI by 44.1% in the fourth quarter. Teachers Advisors LLC now owns 13,212 shares of the information technology services provider’s stock valued at $184,000 after buying an additional 4,044 shares during the last quarter. Hancock Holding Co. bought a new stake in NCI during the first quarter valued at about $189,000. Renaissance Technologies LLC raised its stake in NCI by 2.5% in the fourth quarter. Renaissance Technologies LLC now owns 384,725 shares of the information technology services provider’s stock valued at $5,367,000 after buying an additional 9,225 shares during the last quarter. Finally, Globeflex Capital L P raised its stake in NCI by 40.3% in the first quarter. Globeflex Capital L P now owns 40,372 shares of the information technology services provider’s stock valued at $608,000 after buying an additional 11,600 shares during the last quarter. 39.04% of the stock is owned by institutional investors and hedge funds.
NCI, Inc is a provider of enterprise services and solutions to defense, intelligence, healthcare and civilian government agencies. The Company provides information technology (IT), and professional services and solutions by leveraging its core service offerings, which include cloud computing and IT infrastructure optimization; cybersecurity and information assurance; engineering and logistics support; enterprise information management and advanced analytics; health IT and medical support; IT service management; modeling, simulation, and training, and agile development and integration.
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