Navigant Consulting, Inc. (NCI) Expected to Post Quarterly Sales of $186.77 Million

Wall Street brokerages expect Navigant Consulting, Inc. (NYSE:NCI) to announce sales of $186.77 million for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Navigant Consulting’s earnings. The lowest sales estimate is $186.70 million and the highest is $186.80 million. Navigant Consulting reported sales of $252.39 million in the same quarter last year, which would suggest a negative year over year growth rate of 26%. The business is scheduled to announce its next earnings results on Thursday, August 1st.

According to Zacks, analysts expect that Navigant Consulting will report full-year sales of $749.91 million for the current year, with estimates ranging from $748.10 million to $751.30 million. For the next year, analysts forecast that the business will report sales of $792.60 million, with estimates ranging from $785.60 million to $800.90 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Navigant Consulting.

Navigant Consulting (NYSE:NCI) last released its quarterly earnings results on Thursday, April 25th. The business services provider reported $0.18 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.10. The business had revenue of $186.13 million during the quarter, compared to analysts’ expectations of $178.87 million. Navigant Consulting had a return on equity of 5.74% and a net margin of 13.16%.



Several analysts have weighed in on the company. TheStreet cut Navigant Consulting from a “b-” rating to a “c” rating in a report on Friday, March 15th. Barrington Research reissued a “buy” rating and set a $28.00 price objective on shares of Navigant Consulting in a report on Thursday, April 18th. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $27.00.

Shares of NYSE:NCI opened at $22.70 on Monday. The stock has a market cap of $893.25 million, a price-to-earnings ratio of 48.30, a PEG ratio of 1.84 and a beta of 0.75. Navigant Consulting has a 1-year low of $18.85 and a 1-year high of $27.40.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $0.20 annualized dividend and a yield of 0.88%. Navigant Consulting’s dividend payout ratio is currently 42.55%.

Large investors have recently made changes to their positions in the business. Bank of New York Mellon Corp grew its holdings in shares of Navigant Consulting by 2.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 583,152 shares of the business services provider’s stock worth $13,448,000 after purchasing an additional 12,631 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Navigant Consulting by 474.0% in the third quarter. JPMorgan Chase & Co. now owns 777,731 shares of the business services provider’s stock valued at $17,936,000 after buying an additional 642,249 shares during the period. Legal & General Group Plc raised its stake in shares of Navigant Consulting by 7.2% in the third quarter. Legal & General Group Plc now owns 103,934 shares of the business services provider’s stock valued at $2,390,000 after buying an additional 6,936 shares during the period. Morgan Stanley raised its stake in shares of Navigant Consulting by 24.3% in the third quarter. Morgan Stanley now owns 677,981 shares of the business services provider’s stock valued at $15,635,000 after buying an additional 132,729 shares during the period. Finally, Vanguard Group Inc. raised its stake in shares of Navigant Consulting by 0.7% in the third quarter. Vanguard Group Inc. now owns 4,467,082 shares of the business services provider’s stock valued at $103,010,000 after buying an additional 30,371 shares during the period. 97.14% of the stock is owned by hedge funds and other institutional investors.

Navigant Consulting Company Profile

Navigant Consulting, Inc provides professional services worldwide. It operates through three segments: Healthcare, Energy, and Financial Services Advisory and Compliance. The Healthcare segment offers consulting and business process management services to healthcare providers, payers, and life sciences companies.

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

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