Zacks: Brokerages Expect Navigant Consulting, Inc. (NCI) Will Announce Quarterly Sales of $233.79 Million

Equities research analysts forecast that Navigant Consulting, Inc. (NYSE:NCI) will announce $233.79 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Navigant Consulting’s earnings, with the lowest sales estimate coming in at $230.30 million and the highest estimate coming in at $239.07 million. Navigant Consulting posted sales of $236.21 million during the same quarter last year, which indicates a negative year over year growth rate of 1%. The firm is expected to issue its next earnings results on Wednesday, May 2nd.

On average, analysts expect that Navigant Consulting will report full year sales of $233.79 million for the current fiscal year, with estimates ranging from $940.10 million to $956.33 million. For the next fiscal year, analysts forecast that the firm will post sales of $974.26 million per share, with estimates ranging from $962.20 million to $983.60 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Navigant Consulting.

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Navigant Consulting (NYSE:NCI) last issued its quarterly earnings results on Tuesday, February 20th. The business services provider reported $0.29 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.11). Navigant Consulting had a return on equity of 7.96% and a net margin of 7.26%. The company had revenue of $255.40 million for the quarter, compared to the consensus estimate of $244.79 million. During the same period in the previous year, the business posted $0.30 EPS. The business’s revenue for the quarter was down 4.0% on a year-over-year basis.

NCI has been the topic of several research analyst reports. Zacks Investment Research raised shares of Navigant Consulting from a “sell” rating to a “hold” rating in a research report on Tuesday, January 2nd. Barrington Research cut shares of Navigant Consulting from an “outperform” rating to a “market perform” rating in a research report on Wednesday, February 21st. Finally, ValuEngine raised shares of Navigant Consulting from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. Navigant Consulting currently has a consensus rating of “Hold” and a consensus price target of $24.00.

Shares of NCI stock opened at $19.24 on Monday. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.19. Navigant Consulting has a one year low of $14.62 and a one year high of $24.47. The stock has a market cap of $867.11, a PE ratio of 17.65, a P/E/G ratio of 1.10 and a beta of 0.91.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Elkfork Partners LLC bought a new position in Navigant Consulting in the fourth quarter worth about $127,000. MetLife Investment Advisors LLC bought a new stake in shares of Navigant Consulting during the fourth quarter valued at approximately $421,000. Gotham Asset Management LLC bought a new stake in shares of Navigant Consulting during the fourth quarter valued at approximately $795,000. Municipal Employees Retirement System of Michigan raised its holdings in shares of Navigant Consulting by 30.6% during the fourth quarter. Municipal Employees Retirement System of Michigan now owns 27,890 shares of the business services provider’s stock valued at $541,000 after buying an additional 6,530 shares during the last quarter. Finally, Macquarie Group Ltd. raised its holdings in shares of Navigant Consulting by 11.7% during the fourth quarter. Macquarie Group Ltd. now owns 1,262,309 shares of the business services provider’s stock valued at $24,501,000 after buying an additional 132,026 shares during the last quarter. 95.27% of the stock is currently owned by hedge funds and other institutional investors.

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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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