NCI Inc. (NASDAQ:NCIT) released its quarterly earnings results on Wednesday. The company reported $0.23 EPS for the quarter, meeting analysts’ consensus estimates of $0.23. The firm had revenue of $81.90 million for the quarter, compared to analysts’ expectations of $85.10 million. The firm’s revenue for the quarter was down 4.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.22 earnings per share. NCI updated its Q3 guidance to $0.22-0.24 EPS and its FY16 guidance to $0.91-0.97 EPS.
In other NCI news, Director Charles K. Narang sold 21,200 shares of the stock in a transaction that occurred on Thursday, April 28th. The shares were sold at an average price of $15.05, for a total value of $319,060.00. Following the transaction, the director now directly owns 496,605 shares in the company, valued at $7,473,905.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
A number of research firms have recently commented on NCIT. FBR & Co restated a “hold” rating on shares of NCI in a research report on Thursday, April 28th. Zacks Investment Research upgraded shares of NCI from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a research report on Saturday, April 30th. Finally, TheStreet upgraded shares of NCI from a “hold” rating to a “buy” rating in a research report on Wednesday, May 25th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $14.70.
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.
