Navigant Consulting, Inc. (NCI) Expected to Post Quarterly Sales of $178.87 Million
Equities research analysts predict that Navigant Consulting, Inc. (NYSE:NCI) will report sales of $178.87 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Navigant Consulting’s earnings, with the lowest sales estimate coming in at $177.40 million and the highest estimate coming in at $180.80 million. Navigant Consulting reported sales of $243.88 million in the same quarter last year, which would suggest a negative year over year growth rate of 26.7%. The company is expected to issue its next quarterly earnings results before the market opens on Thursday, April 25th.
According to Zacks, analysts expect that Navigant Consulting will report full year sales of $747.97 million for the current year, with estimates ranging from $745.80 million to $750.01 million. For the next financial year, analysts forecast that the firm will report sales of $788.55 million, with estimates ranging from $780.14 million to $799.90 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Navigant Consulting.
Navigant Consulting (NYSE:NCI) last announced its quarterly earnings data on Tuesday, February 26th. The business services provider reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.03). The business had revenue of $193.20 million for the quarter, compared to the consensus estimate of $173.33 million. Navigant Consulting had a net margin of 13.10% and a return on equity of 6.59%. Navigant Consulting’s quarterly revenue was down 24.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.29 EPS.
Several large investors have recently made changes to their positions in NCI. BlackRock Inc. raised its stake in shares of Navigant Consulting by 1.8% in the 3rd quarter. BlackRock Inc. now owns 6,402,395 shares of the business services provider’s stock valued at $147,641,000 after purchasing an additional 112,307 shares during the period. Vanguard Group Inc. raised its position in Navigant Consulting by 0.7% during the third quarter. Vanguard Group Inc. now owns 4,467,082 shares of the business services provider’s stock valued at $103,010,000 after purchasing an additional 30,371 shares in the last quarter. Vanguard Group Inc raised its position in Navigant Consulting by 0.7% during the third quarter. Vanguard Group Inc now owns 4,467,082 shares of the business services provider’s stock valued at $103,010,000 after purchasing an additional 30,371 shares in the last quarter. Macquarie Group Ltd. raised its position in Navigant Consulting by 17.7% during the fourth quarter. Macquarie Group Ltd. now owns 1,754,881 shares of the business services provider’s stock valued at $42,205,000 after purchasing an additional 263,495 shares in the last quarter. Finally, Boston Partners raised its position in Navigant Consulting by 6.9% during the fourth quarter. Boston Partners now owns 1,472,485 shares of the business services provider’s stock valued at $35,413,000 after purchasing an additional 94,722 shares in the last quarter. Institutional investors and hedge funds own 97.77% of the company’s stock.
Shares of NYSE NCI traded up $0.35 during midday trading on Friday, hitting $20.82. The stock had a trading volume of 325,422 shares, compared to its average volume of 405,512. The firm has a market capitalization of $798.78 million, a P/E ratio of 44.30, a P/E/G ratio of 1.72 and a beta of 0.68. Navigant Consulting has a 1-year low of $18.85 and a 1-year high of $27.40.
Navigant Consulting Company Profile
Navigant Consulting, Inc provides professional services worldwide. It operates through three segments: Healthcare, Energy, and Financial Services Advisory and Compliance. The Healthcare segment offers consulting and business process management services to healthcare providers, payers, and life sciences companies.
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