Wall Street brokerages expect that NCI, Inc. (NASDAQ:NCIT) will announce earnings per share of $0.25 for the current quarter, Zacks reports. Three analysts have issued estimates for NCI’s earnings. NCI posted earnings per share of $0.23 during the same quarter last year, which indicates a positive year-over-year growth rate of 8.7%. The company is expected to announce its next quarterly earnings report on Wednesday, July 26th.
According to Zacks, analysts expect that NCI will report full-year earnings of $1.00 per share for the current year, with EPS estimates ranging from $1.00 to $1.01. For the next fiscal year, analysts anticipate that the company will post earnings of $1.09 per share, with EPS estimates ranging from $1.05 to $1.15. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts 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 Thomson Reuters’ consensus estimate of $0.21 by $0.04. NCI had a return on equity of 11.73% and a net margin of 2.13%. The company had revenue of $78.75 million for the quarter, compared to the consensus estimate of $76.55 million.
A number of equities research analysts have commented on NCIT shares. Zacks Investment Research cut shares of NCI from a “hold” rating to a “sell” rating in a report on Saturday, April 8th. FBR & Co restated a “hold” rating and issued a $11.00 price objective on shares of NCI in a report on Tuesday, April 4th. Cowen and Company reaffirmed a “buy” rating and issued a $24.00 target price on shares of NCI in a research report on Monday, July 3rd. Noble Financial reiterated a “buy” rating on shares of NCI in a research note on Friday, May 12th. Finally, SunTrust Banks, Inc. lowered shares of NCI from a “buy” rating to a “hold” rating and cut their price objective for the company from $24.00 to $20.00 in a report on Monday, July 3rd. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $18.33.
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NCI (NASDAQ NCIT) traded down 0.25% during midday trading on Monday, reaching $19.90. The company had a trading volume of 94,743 shares. The firm has a market capitalization of $269.66 million, a P/E ratio of 44.52 and a beta of 1.05. NCI has a one year low of $10.98 and a one year high of $21.40. The stock’s 50 day moving average price is $19.55 and its 200-day moving average price is $15.41.
A number of hedge funds have recently modified their holdings of NCIT. Royce & Associates LP acquired a new position in NCI during the first quarter worth $7,663,000. Renaissance Technologies LLC boosted its position in shares of NCI by 5.2% in the first quarter. Renaissance Technologies LLC now owns 404,799 shares of the information technology services provider’s stock valued at $6,092,000 after buying an additional 20,074 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of NCI by 1.0% in the first quarter. Dimensional Fund Advisors LP now owns 303,739 shares of the information technology services provider’s stock valued at $4,571,000 after buying an additional 3,044 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of NCI by 6.7% in the first quarter. Geode Capital Management LLC now owns 90,650 shares of the information technology services provider’s stock valued at $1,364,000 after buying an additional 5,688 shares in the last quarter. Finally, LSV Asset Management boosted its position in shares of 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 in the last quarter. Institutional investors own 39.04% of the company’s stock.
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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