Equities research analysts forecast that NCI, Inc. (NASDAQ:NCIT) will report $83.55 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for NCI’s earnings, with estimates ranging from $82.70 million to $85.00 million. NCI reported sales of $81.90 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 2%. The business is expected to announce its next earnings results on Wednesday, July 26th.
On average, analysts expect that NCI will report full-year sales of $83.55 million for the current fiscal year, with estimates ranging from $328.90 million to $338.00 million. For the next year, analysts anticipate that the business will report sales of $345.20 million per share, with estimates ranging from $337.10 million to $350.00 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover NCI.
NCI (NASDAQ:NCIT) last posted its quarterly earnings results on Tuesday, May 9th. The information technology services provider reported $0.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.04. The business had revenue of $78.75 million during the quarter, compared to the consensus estimate of $76.55 million. NCI had a net margin of 2.13% and a return on equity of 11.73%.
Several equities research analysts recently commented on the stock. Noble Financial reiterated a “buy” rating on shares of NCI in a research report on Wednesday. Cowen and Company set a $24.00 target price on shares of NCI and gave the stock a “buy” rating in a research report on Thursday, June 8th. ValuEngine upgraded shares of NCI from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Zacks Investment Research upgraded shares of NCI from a “sell” rating to a “hold” rating in a research report on Saturday, May 13th. Finally, FBR & Co reiterated a “hold” rating and set a $11.00 target price on shares of NCI in a research report on Tuesday, April 4th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $17.50.
A number of large investors have recently bought and sold shares of the company. ClariVest Asset Management LLC increased its stake in NCI by 5.3% in the first quarter. ClariVest Asset Management LLC now owns 14,464 shares of the information technology services provider’s stock valued at $217,000 after buying an additional 727 shares in the last quarter. Hancock Holding Co. purchased a new position in NCI during the first quarter valued at about $189,000. Bank of New York Mellon Corp raised its position in NCI by 4.4% in the first quarter. Bank of New York Mellon Corp now owns 27,972 shares of the information technology services provider’s stock valued at $421,000 after buying an additional 1,184 shares during the last quarter. Algert Global LLC raised its position in NCI by 10.8% in the first quarter. Algert Global LLC now owns 12,155 shares of the information technology services provider’s stock valued at $183,000 after buying an additional 1,180 shares during the last quarter. Finally, LSV Asset Management raised its position 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. Institutional investors and hedge funds own 39.04% of the company’s stock.
NCI (NASDAQ:NCIT) traded down 4.09% during midday trading on Friday, hitting $19.95. 29,158 shares of the company were exchanged. The stock has a market capitalization of $270.34 million, a PE ratio of 44.63 and a beta of 0.98. The firm’s 50-day moving average price is $17.92 and its 200-day moving average price is $14.89. NCI has a one year low of $10.98 and a one year high of $21.00.
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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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