Navigant Consulting, Inc. (NYSE:NCI) – Equities research analysts at William Blair decreased their Q3 2017 EPS estimates for Navigant Consulting in a research report issued on Monday. William Blair analyst T. Mchugh now expects that the business services provider will earn $0.31 per share for the quarter, down from their prior estimate of $0.36. William Blair also issued estimates for Navigant Consulting’s Q4 2017 earnings at $0.37 EPS and FY2018 earnings at $1.31 EPS.
Navigant Consulting (NYSE:NCI) last announced its quarterly earnings data on Monday, July 31st. The business services provider reported $0.24 EPS for the quarter, missing the Zacks’ consensus estimate of $0.33 by $0.09. Navigant Consulting had a return on equity of 9.01% and a net margin of 4.97%. The company had revenue of $235.20 million for the quarter, compared to analysts’ expectations of $253.66 million. During the same quarter in the previous year, the business posted $0.33 EPS. The business’s quarterly revenue was down 1.4% compared to the same quarter last year.
NCI has been the topic of a number of other research reports. Zacks Investment Research lowered Navigant Consulting from a “hold” rating to a “sell” rating in a research note on Friday, May 5th. Cowen and Company upped their target price on Navigant Consulting from $16.50 to $24.00 and gave the company an “outperform” rating in a research note on Friday, June 9th. ValuEngine lowered Navigant Consulting from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, TheStreet lowered Navigant Consulting from a “b” rating to a “c+” rating in a research note on Friday, May 12th.
Navigant Consulting (NCI) opened at 16.09 on Wednesday. The company’s 50-day moving average price is $19.61 and its 200-day moving average price is $21.82. The stock has a market cap of $760.22 million, a P/E ratio of 13.87 and a beta of 0.83. Navigant Consulting has a 12 month low of $16.03 and a 12 month high of $27.86.
Navigant Consulting declared that its Board of Directors has approved a share repurchase plan on Wednesday, May 3rd that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the business services provider to purchase up to 9.7% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.
Hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. boosted its position in 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 buying an additional 5,724,692 shares during the period. Norges Bank acquired a new position in shares of Navigant Consulting during the fourth quarter worth approximately $23,835,000. Dalton Greiner Hartman Maher & Co. acquired a new position in shares of Navigant Consulting during the second quarter worth approximately $15,509,000. Vanguard Group Inc. boosted its position in shares of Navigant Consulting by 5.6% in the first quarter. Vanguard Group Inc. now owns 4,237,826 shares of the business services provider’s stock worth $96,877,000 after buying an additional 225,913 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Navigant Consulting by 27.9% in the first quarter. Bank of New York Mellon Corp now owns 872,601 shares of the business services provider’s stock worth $19,946,000 after buying an additional 190,123 shares during the last quarter. 94.05% of the stock is currently owned by institutional investors.
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.
Receive News & Ratings for Navigant Consulting Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Navigant Consulting Inc. and related companies with our FREE daily email newsletter.