Wall Street brokerages expect NCI, Inc. (NASDAQ:NCIT) to announce $0.25 earnings per share for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for NCI’s earnings. NCI posted earnings of $0.23 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 8.7%. The company is scheduled to report its next quarterly earnings results on Wednesday, August 9th.
On average, analysts expect that NCI will report full year earnings of $1.00 per share for the current year, with EPS estimates ranging from $1.00 to $1.01. For the next financial year, analysts expect that the business will report earnings of $1.09 per share, with EPS estimates ranging from $1.05 to $1.15. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that that provide coverage for NCI.
NCI (NASDAQ:NCIT) last released its earnings results on Tuesday, May 9th. The information technology services provider reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.04. The business had revenue of $78.75 million for the quarter, compared to the consensus estimate of $76.55 million. NCI had a net margin of 2.13% and a return on equity of 11.73%.
A number of analysts recently weighed in on the stock. Cowen and Company reiterated a “buy” rating and issued a $24.00 price target on shares of NCI in a research report on Monday, July 3rd. SunTrust Banks, Inc. downgraded shares of NCI from a “buy” rating to a “hold” rating and cut their price target for the company from $24.00 to $20.00 in a research report on Monday, July 3rd. Noble Financial reiterated a “buy” rating on shares of NCI in a research report on Wednesday, June 14th. ValuEngine upgraded shares of NCI from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Finally, Zacks Investment Research upgraded shares of NCI from a “sell” rating to a “hold” rating in a research report on Saturday, May 13th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $18.33.
Several hedge funds have recently made changes to their positions in the stock. Geode Capital Management LLC increased its stake in shares of NCI by 6.7% in the first quarter. Geode Capital Management LLC now owns 90,650 shares of the information technology services provider’s stock worth $1,364,000 after buying an additional 5,688 shares in the last quarter. Royce & Associates LP purchased a new stake in shares of NCI during the first quarter worth $7,663,000. ClariVest Asset Management LLC increased its stake in shares of NCI by 5.3% in the first quarter. ClariVest Asset Management LLC now owns 14,464 shares of the information technology services provider’s stock worth $217,000 after buying an additional 727 shares in the last quarter. Hancock Holding Co. bought a new stake in shares of NCI during the first quarter valued at approximately $189,000. Finally, Bank of New York Mellon Corp increased its stake in shares of NCI by 4.4% in the first quarter. Bank of New York Mellon Corp now owns 27,972 shares of the information technology services provider’s stock valued at $421,000 after buying an additional 1,184 shares during the period. Institutional investors and hedge funds own 38.46% of the company’s stock.
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NCI (NCIT) opened at 19.95 on Tuesday. The stock has a market capitalization of $270.34 million, a P/E ratio of 44.63 and a beta of 1.01. The stock has a 50 day moving average of $20.22 and a 200 day moving average of $16.43. NCI has a 52-week low of $10.98 and a 52-week high of $21.40.
About NCI
NCI, Inc is a provider of enterprise services and solutions to defense, intelligence, healthcare and civilian government agencies. The Company provides information technology (IT), and professional services and solutions by leveraging its core service offerings, which include cloud computing and IT infrastructure optimization; cybersecurity and information assurance; engineering and logistics support; enterprise information management and advanced analytics; health IT and medical support; IT service management; modeling, simulation, and training, and agile development and integration.
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