Q2 2017 EPS Estimates for NCI Inc (NCIT) Lifted by SunTrust Banks
NCI Inc (NASDAQ:NCIT) – Stock analysts at SunTrust Banks boosted their Q2 2017 earnings estimates for shares of NCI in a report issued on Wednesday. SunTrust Banks analyst T. Sommer now anticipates that the information technology services provider will post earnings per share of $0.25 for the quarter, up from their prior forecast of $0.23. SunTrust Banks also issued estimates for NCI’s FY2017 earnings at $1.00 EPS and FY2018 earnings at $1.07 EPS.
Several other brokerages also recently weighed in on NCIT. Noble Financial reiterated a “buy” rating on shares of NCI in a research note on Friday. Zacks Investment Research upgraded shares of NCI from a “sell” rating to a “hold” rating in a research note on Saturday. Cowen and Company reiterated a “buy” rating and set a $16.50 target price on shares of NCI in a research note on Monday, April 10th. Finally, FBR & Co reiterated a “hold” rating and set a $11.00 target price on shares of NCI in a research note on Tuesday, April 4th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. NCI has an average rating of “Buy” and a consensus price target of $13.75.
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Shares of NCI (NASDAQ:NCIT) opened at 16.70 on Friday. The firm has a market cap of $225.90 million, a PE ratio of 37.36 and a beta of 1.02. The firm’s 50-day moving average price is $14.17 and its 200-day moving average price is $13.64. NCI has a 12 month low of $10.98 and a 12 month high of $17.30.
NCI (NASDAQ:NCIT) last issued its quarterly earnings results on Tuesday, May 9th. The information technology services provider reported $0.25 EPS for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.04. NCI had a return on equity of 12.10% and a net margin of 4.06%. The company had revenue of $78.75 million during the quarter, compared to analysts’ expectations of $76.55 million.
Several large investors have recently made changes to their positions in the company. Royce & Associates LP acquired a new stake in shares of NCI during the first quarter valued at $7,663,000. Renaissance Technologies LLC increased its stake in shares of NCI by 5.2% in the first quarter. Renaissance Technologies LLC now owns 404,799 shares of the information technology services provider’s stock valued at $6,092,000 after buying an additional 20,074 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of NCI by 1.0% in the first quarter. Dimensional Fund Advisors LP now owns 303,739 shares of the information technology services provider’s stock valued at $4,571,000 after buying an additional 3,044 shares during the period. Vanguard Group Inc. increased its stake in shares of NCI by 3.5% in the first quarter. Vanguard Group Inc. now owns 301,397 shares of the information technology services provider’s stock valued at $4,536,000 after buying an additional 10,151 shares during the period. Finally, 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 valued at $1,364,000 after buying an additional 5,688 shares during the period. Institutional investors and hedge funds own 34.36% of the company’s stock.
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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