FTI Consulting (NYSE: FCN – Get Rating) posted its earnings results on Thursday. The business services provider reported $ 1.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $ 1.33 by $ 0.33, MarketWatch Earnings reports. The company had revenue of $ 723.62 million during the quarter, compared to analysts’ expectations of $ 702.83 million. FTI Consulting had a net margin of 8.46% and a return on equity of 15.84%. FTI Consulting’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $ 1.89 earnings per share.
NYSE FCN opened at $ 155.56 on Friday. The stock has a market capitalization of $ 5.34 billion, a P / E ratio of 23.43 and a beta of 0.45. FTI Consulting has a 52 week low of $ 131.50 and a 52 week high of $ 170.31. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.91 and a current ratio of 1.91. The stock has a fifty day moving average of 154.48 and a 200-day moving average of 149.91.
Several brokerages have issued reports on FCN. StockNews.com downgraded FTI Consulting from a “buy” rating to a “hold” rating in a research report on Friday. Truist Financial upped their price target on shares of FTI Consulting from $ 165.00 to $ 200.00 in a research report on Tuesday, January 11th. Finally, Zacks Investment Research upgraded shares of FTI Consulting from a “sell” rating to a “hold” rating and set a $ 170.00 price objective for the company in a research report on Wednesday.
In other news, General Counsel Curtis P. Lu sold 4,238 shares of FTI Consulting stock in a transaction that occurred on Thursday, March 10th. The shares were sold at an average price of $ 145.48, for a total transaction of 616,544.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Vernon James Ellis sold 1,000 shares of the stock in a transaction that occurred on Wednesday, March 2nd. The shares were sold at an average price of $ 146.71, for a total transaction of 146,710.00. The disclosure for this sale can be found here. Insiders own 3.32% of the company’s stock.
Several institutional investors have recently made changes to their positions in FCN. Mackenzie Financial Corp bought a new stake in FTI Consulting in the fourth quarter valued at about 9 229,000. Peapack Gladstone Financial Corp increased its stake in shares of FTI Consulting by 6.9% in the 4th quarter. Peapack Gladstone Financial Corp now owns 1,647 shares of the business services provider’s stock valued at $ 253,000 after acquiring an additional 106 shares during the last quarter. LPL Financial LLC acquired a new stake in shares of FTI Consulting in the 4th quarter valued at approximately $ 266,000. MML Investors Services LLC boosted its stake in FTI Consulting by 11.5% during the 4th quarter. MML Investors Services LLC now owns 1,817 shares of the business services provider’s stock worth $ 279,000 after acquiring an additional 188 shares during the last quarter. Finally, Synovus Financial Corp bought a new position in FTI Consulting during the 4th quarter worth approximately $ 326,000. 98.64% of the stock is owned by institutional investors and hedge funds.
FTI Consulting Company Profile (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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