Navigant Consulting, Inc. (NYSE:NCI) – Equities research analysts at Barrington Research boosted their FY2019 earnings estimates for shares of Navigant Consulting in a research report issued on Wednesday, May 1st, Zacks Investment Research reports. Barrington Research analyst K. Steinke now anticipates that the business services provider will post earnings of $0.94 per share for the year, up from their previous forecast of $0.85. Barrington Research currently has a “Buy” rating and a $28.00 target price on the stock.
Navigant Consulting (NYSE:NCI) last released its 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 company had revenue of $186.13 million for the quarter, compared to the consensus estimate of $178.87 million. Navigant Consulting had a net margin of 13.16% and a return on equity of 5.74%.
NCI stock traded down $0.14 during midday trading on Monday, reaching $22.28. 7,017 shares of the company’s stock traded hands, compared to its average volume of 262,314. The firm has a market capitalization of $882.15 million, a PE ratio of 47.40, a price-to-earnings-growth ratio of 1.80 and a beta of 0.75. The company has a current ratio of 2.56, a quick ratio of 2.56 and a debt-to-equity ratio of 0.13. Navigant Consulting has a 52 week low of $18.85 and a 52 week high of $27.40.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. FMR LLC grew its stake in shares of Navigant Consulting by 102.5% in the 1st quarter. FMR LLC now owns 697,079 shares of the business services provider’s stock worth $13,573,000 after acquiring an additional 352,860 shares in the last quarter. Schonfeld Strategic Advisors LLC grew its stake in shares of Navigant Consulting by 5.9% in the 1st quarter. Schonfeld Strategic Advisors LLC now owns 21,640 shares of the business services provider’s stock worth $421,000 after acquiring an additional 1,206 shares in the last quarter. SEI Investments Co bought a new stake in shares of Navigant Consulting in the 1st quarter worth $219,000. Wellington Management Group LLP grew its position in Navigant Consulting by 2.5% during the first quarter. Wellington Management Group LLP now owns 2,506,011 shares of the business services provider’s stock valued at $48,792,000 after buying an additional 60,680 shares during the period. Finally, Geode Capital Management LLC grew its position in Navigant Consulting by 4.1% during the first quarter. Geode Capital Management LLC now owns 536,604 shares of the business services provider’s stock valued at $10,447,000 after buying an additional 21,186 shares during the period. Hedge funds and other institutional investors own 94.22% of the company’s stock.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be paid a $0.05 dividend. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $0.20 annualized dividend and a dividend yield of 0.90%. Navigant Consulting’s payout ratio is 42.55%.
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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