NCI, Inc.
Company Description
NCI, Inc. provides information technology services, specializing in the support and administration of systems and networks. The company primarily services the federal government and has a market cap of $336 million.
NCI made its shareholders happy on Nov when the company reported solid third-quarter results. Revenue was up to $101 million from $85.2 million last year. Net income came in at $4.4 million, a 33% increase from the same period last year. This produced earnings of 32 cents per share, ahead of analyst estimates by 2 cents.
This was the fourth time in four quarters that NCI has surprised and beaten analyst estimates, having done so by an average of 2 cents, or 6.50%.
Guidance and Estimates
NCI said during its quarterly presentation that it expects fourth-quarter revenue between $101 and $106 million and earnings between 32 and 35 cents.
The analyst community continues to remain bullish on NCI, with the next-year estimate advancing 3 cents in the last 30 days to $1.44 per share, a 17% earnings growth projection.
Valuations
Based upon the current-year estimate, this stock is trading with a forward P/E multiple of 19X, a premium to the overall market.
The Chart
Shares of NCIT have performed admirably in 2008, advancing from just above $13 to current levels right around $25. The 52-week and all-time high is just above $28, take a look at the chart below.
