BB&T Capital Markets Maintains NCI, Inc. (NCIT) Hold Rating
February 16, 2010 10:46 AM
BB&T Capital Markets analysts Michael S. Lewis, Michael J. Smith and Jeremy W. Devaney maintained their Hold rating for shares of NCI, Inc. (Nasdaq: NCIT).
Analysts at BB&T Capital Markets were revising their estimates of all the government services companies that they monitor, following the four day federal government closure due to weather conditions
The analysts reduced their revenue estimate for the first quarter of 2010 by $3.8 million to $110 million, which would still come in at a rise of 11.4% above the same quarter the year before.
Expected earnings was lowered to 38 cents per share from 39 cents per share.
Although revenue and earnings estimates were lowered, they would still show positive growth over the past year, so the analysts maintained their Hold rating for the stock.
The 52 week trading range for NCI, Inc. is $22.33 to $34.23.
