Navigant Consulting, Inc. (NYSE:NCI) – Stock analysts at Barrington Research lowered their FY2017 earnings per share estimates for shares of Navigant Consulting in a research note issued to investors on Tuesday. Barrington Research analyst K. Steinke now forecasts that the business services provider will post earnings of $1.19 per share for the year, down from their prior forecast of $1.33. Barrington Research also issued estimates for Navigant Consulting’s FY2018 earnings at $1.30 EPS.
Navigant Consulting (NYSE:NCI) last posted its earnings results on Monday, July 31st. The business services provider reported $0.24 earnings per share for the quarter, missing the Zacks’ 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 company had revenue of $235.20 million during the quarter, compared to the consensus estimate of $253.66 million. During the same quarter in the prior year, the business earned $0.33 EPS. The firm’s revenue for the quarter was down 1.4% compared to the same quarter last year.
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A number of other analysts have also recently commented on NCI. ValuEngine cut Navigant Consulting from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. BidaskClub cut Navigant Consulting from a “hold” rating to a “sell” rating in a research report on Friday, August 4th. Zacks Investment Research cut Navigant Consulting from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 1st. Cowen and Company upped their price objective on Navigant Consulting from $16.50 to $24.00 and gave the company an “outperform” rating in a research report on Friday, June 9th. Finally, TheStreet cut Navigant Consulting from a “b” rating to a “c+” rating in a research report on Friday, May 12th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $24.50.
Navigant Consulting (NCI) opened at 16.00 on Wednesday. The stock has a 50 day moving average price of $19.26 and a 200-day moving average price of $21.70. The company has a market cap of $753.79 million, a price-to-earnings ratio of 15.38 and a beta of 0.83. Navigant Consulting has a 12-month low of $15.79 and a 12-month high of $27.86.
Navigant Consulting announced that its Board of Directors has authorized a share repurchase plan on Wednesday, May 3rd that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the business services provider to purchase up to 9.7% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its shares are undervalued.
Large investors have recently made changes to their positions in the stock. State of Alaska Department of Revenue raised its stake in shares of Navigant Consulting by 1.4% in the first quarter. State of Alaska Department of Revenue now owns 5,200 shares of the business services provider’s stock worth $118,000 after buying an additional 70 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of Navigant Consulting by 6.6% in the first quarter. Victory Capital Management Inc. now owns 5,872 shares of the business services provider’s stock worth $134,000 after buying an additional 362 shares in the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in shares of Navigant Consulting during the second quarter worth $212,000. Russell Investments Group Ltd. raised its stake in shares of Navigant Consulting by 32.1% in the second quarter. Russell Investments Group Ltd. now owns 10,771 shares of the business services provider’s stock worth $213,000 after buying an additional 2,616 shares in the last quarter. Finally, Mason Street Advisors LLC raised its stake in shares of Navigant Consulting by 6.7% in the first quarter. Mason Street Advisors LLC now owns 10,968 shares of the business services provider’s stock worth $251,000 after buying an additional 684 shares in the last quarter. Institutional investors and hedge funds own 93.73% of the company’s stock.
Navigant Consulting Company Profile
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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