Navigant Consulting, Inc. (NYSE:NCI) was down 6.3% during mid-day trading on Tuesday following a dissappointing earnings announcement. The company traded as low as $18.14 and last traded at $18.74. Approximately 718,482 shares were traded during mid-day trading, an increase of 213% from the average daily volume of 229,544 shares. The stock had previously closed at $19.99.
The business services provider reported $0.29 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.11). The company had revenue of $255.40 million during the quarter, compared to analysts’ expectations of $244.79 million. Navigant Consulting had a net margin of 4.35% and a return on equity of 8.25%. The firm’s revenue was down 4.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.30 earnings per share.
A number of research firms have weighed in on NCI. Zacks Investment Research cut shares of Navigant Consulting from a “hold” rating to a “sell” rating in a research note on Tuesday, January 23rd. TheStreet upgraded shares of Navigant Consulting from a “c+” rating to a “b-” rating in a research note on Monday, November 27th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $24.00.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Victory Capital Management Inc. boosted its stake in Navigant Consulting by 57.1% in the third quarter. Victory Capital Management Inc. now owns 10,855 shares of the business services provider’s stock valued at $184,000 after acquiring an additional 3,947 shares during the last quarter. SG Americas Securities LLC boosted its stake in Navigant Consulting by 110.2% in the third quarter. SG Americas Securities LLC now owns 11,269 shares of the business services provider’s stock valued at $191,000 after acquiring an additional 5,908 shares during the last quarter. First Mercantile Trust Co. boosted its stake in Navigant Consulting by 154.5% in the fourth quarter. First Mercantile Trust Co. now owns 9,850 shares of the business services provider’s stock valued at $191,000 after acquiring an additional 5,980 shares during the last quarter. Eqis Capital Management Inc. purchased a new position in Navigant Consulting in the third quarter valued at about $204,000. Finally, Piedmont Investment Advisors LLC purchased a new position in Navigant Consulting in the second quarter valued at about $204,000. Hedge funds and other institutional investors own 88.79% of the company’s stock.
The company has a current ratio of 2.26, a quick ratio of 2.26 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $860.54, a P/E ratio of 20.15, a price-to-earnings-growth ratio of 1.14 and a beta of 0.91.
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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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