Navigant Consulting (NYSE:NCI) posted its quarterly earnings results on Tuesday, February 20th. The business services provider reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.11), Bloomberg Earnings reports. Navigant Consulting had a return on equity of 7.96% and a net margin of 7.26%. The company had revenue of $255.40 million during the quarter, compared to analysts’ expectations of $244.79 million. During the same period last year, the company earned $0.30 earnings per share. Navigant Consulting’s revenue for the quarter was down 4.0% compared to the same quarter last year. Navigant Consulting updated its FY18 guidance to $1.26-1.44 EPS.
Navigant Consulting (NYSE NCI) traded down $0.22 on Wednesday, reaching $20.54. 265,670 shares of the company’s stock were exchanged, compared to its average volume of 278,345. The firm has a market capitalization of $934.25, a P/E ratio of 13.08, a P/E/G ratio of 1.18 and a beta of 0.91. Navigant Consulting has a 1 year low of $14.62 and a 1 year high of $24.47. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.86 and a quick ratio of 1.86.
Several hedge funds and other institutional investors have recently modified their holdings of NCI. Engine Capital Management LLC bought a new position in shares of Navigant Consulting during the fourth quarter valued at $33,675,000. Macquarie Group Ltd. bought a new position in shares of Navigant Consulting in the third quarter valued at about $19,124,000. Tributary Capital Management LLC raised its holdings in shares of Navigant Consulting by 21.8% in the third quarter. Tributary Capital Management LLC now owns 1,067,121 shares of the business services provider’s stock valued at $18,056,000 after buying an additional 190,698 shares during the last quarter. Tieton Capital Management LLC raised its holdings in shares of Navigant Consulting by 157.6% in the third quarter. Tieton Capital Management LLC now owns 241,094 shares of the business services provider’s stock valued at $4,079,000 after buying an additional 147,510 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of Navigant Consulting by 3.3% in the second quarter. Vanguard Group Inc. now owns 4,377,585 shares of the business services provider’s stock valued at $86,500,000 after buying an additional 139,759 shares during the last quarter. 95.26% of the stock is owned by institutional investors.
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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.
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