FTI Consulting, Inc. (NYSE: FCN) Expected to Post Earnings of 1.67 Per Share


Brokerages forecast that FTI Consulting, Inc. (NYSE: FCN – Get Rating) will report $ 1.67 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for FTI Consulting’s earnings, with the lowest EPS estimate coming in at $ 1.60 and the highest estimate coming in at $ 1.74. FTI Consulting reported earnings of $ 1.74 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 4%. The business is expected to issue its next earnings report on Monday, January 1st.

On average, analysts expect that FTI Consulting will report full year earnings of $ 6.87 per share for the current fiscal year, with EPS estimates ranging from $ 6.80 to $ 6.94. For the next year, analysts expect that the company will post earnings of $ 8.39 per share, with EPS estimates ranging from $ 8.26 to $ 8.52. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that provide coverage for FTI Consulting.

FTI Consulting (NYSE: FCN – Get Rating) last announced its quarterly earnings data on Thursday, April 28th. The business services provider reported $ 1.66 EPS for the quarter, beating analysts’ consensus estimates of $ 1.33 by $ 0.33. The business had revenue of $ 723.62 million during the quarter, compared to analyst estimates of $ 702.83 million. FTI Consulting had a net margin of 8.17% and a return on equity of 14.88%. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $ 1.89 earnings per share.

Several analysts have recently commented on the stock. Zacks Investment Research raised shares of FTI Consulting from a “sell” rating to a “hold” rating and set a $ 170.00 price target on the stock in a research note on Wednesday, April 27th. StockNews.com lowered shares of FTI Consulting from a “buy” rating to a “hold” rating in a report on Saturday, May 7th.

NYSE: FCN opened at $ 164.10 on Friday. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of 5.66 billion, a PE ratio of 25.40 and a beta of 0.43. FTI Consulting has a 12-month low of 131.50 and a 12-month high of $ 170.31. The firm has a 50-day moving average price of 157.64 and a 200 day moving average price of 151.14.

In related news, Director Vernon James Ellis sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 2nd. The shares were sold at an average price of $ 146.71, for a total value of $ 146,710.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, General Counsel Curtis P. Lu sold 4,238 shares of the business’s stock in a transaction that occurred on Thursday, March 10th. The stock was sold at an average price of 145.48, for a total transaction of 616,544.24. The disclosure for this sale can be found here. 3.32% of the stock is owned by corporate insiders.

A number of large investors have recently bought and sold shares of the stock. Quent Capital LLC purchased a new position in FTI Consulting during the 4th quarter valued at 25,000. Signaturefd LLC increased its position in FTI Consulting by 132.5% during the 1st quarter. Signaturefd LLC now owns 193 shares of the business services provider’s stock valued at $ 30,000 after purchasing an additional 110 shares during the period. Covestor Ltd purchased a new stake in shares of FTI Consulting in the 4th quarter worth about $ 46,000. First Horizon Advisors Inc. grew its position in shares of FTI Consulting by 556.0% in the 1st quarter. First Horizon Advisors Inc. now owns 328 shares of the business services provider’s stock worth $ 52,000 after buying an additional 278 shares during the period. Finally, Kings Point Capital Management purchased a new stake in shares of FTI Consulting in the 3rd quarter worth about $ 59,000.

About FTI Consulting (Get Rating)

FTI Consulting, Inc. provides business advisory services to manage change, mitigate risk, and resolve disputes worldwide. The company operates through five segments: Corporate Finance & Restructuring, Forensic and Litigation Consulting, Economic Consulting, Technology, and Strategic Communications.

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Earnings History and Estimates for FTI Consulting (NYSE: FCN)



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