$0.31 Earnings Per Share Expected for Navigant Consulting, Inc. (NCI) This Quarter

Wall Street brokerages predict that Navigant Consulting, Inc. (NYSE:NCI) will post earnings per share (EPS) of $0.31 for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Navigant Consulting’s earnings. Navigant Consulting reported earnings of $0.37 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 16.2%. The firm is scheduled to announce its next earnings report on Tuesday, October 24th.

On average, 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 forecast that the company will report earnings of $1.31 per share, with EPS estimates ranging from $1.30 to $1.31. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that that provide coverage for Navigant Consulting.

Navigant Consulting (NYSE:NCI) last announced its earnings results on Monday, July 31st. The business services provider reported $0.24 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.09). Navigant Consulting had a net margin of 4.97% and a return on equity of 8.95%. The firm had revenue of $235.20 million for the quarter, compared to the consensus estimate of $253.66 million. During the same period in the prior year, the business earned $0.33 EPS. The company’s quarterly revenue was down 1.4% compared to the same quarter last year.

NCI has been the topic of several recent analyst reports. Zacks Investment Research lowered Navigant Consulting from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 1st. ValuEngine lowered Navigant Consulting from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. BidaskClub lowered Navigant Consulting from a “hold” rating to a “sell” rating in a report on Friday, August 4th. Finally, Cowen and Company lifted their target price on Navigant Consulting from $16.50 to $24.00 and gave the stock an “outperform” rating in a report on Friday, June 9th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $24.50.

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Navigant Consulting (NCI) opened at 15.83 on Friday. The company has a market cap of $739.74 million, a PE ratio of 15.22 and a beta of 0.86. Navigant Consulting has a 52 week low of $14.62 and a 52 week high of $27.86. The company’s 50-day moving average price is $15.56 and its 200 day moving average price is $19.83.

In other news, EVP Monica M. Weed sold 14,000 shares of the business’s stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $14.78, for a total value of $206,920.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Over the last quarter, insiders have acquired 77,000 shares of company stock worth $2,310. Corporate insiders own 2.36% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. BlackRock Inc. lifted its holdings in shares of Navigant Consulting by 44,959.5% in the first quarter. BlackRock Inc. now owns 5,737,425 shares of the business services provider’s stock valued at $131,156,000 after purchasing an additional 5,724,692 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Navigant Consulting by 3.3% in the second quarter. Vanguard Group Inc. now owns 4,377,585 shares of the business services provider’s stock valued at $86,500,000 after purchasing an additional 139,759 shares in the last quarter. Boston Partners lifted its holdings in shares of Navigant Consulting by 2.6% in the second quarter. Boston Partners now owns 1,262,761 shares of the business services provider’s stock valued at $24,952,000 after purchasing an additional 32,432 shares in the last quarter. State Street Corp lifted its holdings in shares of Navigant Consulting by 4.3% in the second quarter. State Street Corp now owns 1,215,519 shares of the business services provider’s stock valued at $24,019,000 after purchasing an additional 50,505 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Navigant Consulting by 8.0% in the second quarter. Northern Trust Corp now owns 1,011,119 shares of the business services provider’s stock valued at $19,979,000 after purchasing an additional 74,943 shares in the last quarter. Institutional investors own 91.62% of the company’s stock.

About Navigant Consulting

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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Earnings History and Estimates for Navigant Consulting (NYSE:NCI)

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