William Blair Comments on FTI Consulting, Inc.’s Q1 2023 Earnings (NYSE: FCN)


FTI Consulting, Inc. (NYSE: FCN – Get Rating) – Analysts at William Blair lifted their Q1 2023 earnings per share estimates for shares of FTI Consulting in a research note issued to investors on Friday, April 29th. William Blair analyst A. Nicholas now anticipates that the business services provider will earn $ 1.82 per share for the quarter, up from their prior estimate of 1.75. William Blair also issued estimates for FTI Consulting’s Q2 2023 earnings at $ 1.99 EPS, Q3 2023 earnings at $ 2.28 EPS and Q4 2023 earnings at $ 2.17 EPS.

FCN has been the topic of several other research reports. Zacks Investment Research upgraded FTI Consulting from a “sell” rating to a “hold” rating and set a $ 170.00 price objective on the stock in a report on Wednesday, April 27th. StockNews.com downgraded FTI Consulting from a “buy” rating to a “hold” rating in a research note on Friday. Finally, Truist Financial lifted their target price on FTI Consulting from $ 165.00 to $ 200.00 in a research note on Tuesday, January 11th.

FCN opened at 7 157.71 on Monday. The company has a market cap of $ 5.42 billion, a PE ratio of 24.41 and a beta of 0.45. The business has a 50 day moving average price of 154.78 and a two-hundred day moving average price of 150.15. FTI Consulting has a 52 week low of $ 131.50 and a 52 week high of $ 170.31. The company has a quick ratio of 1.91, a current ratio of 1.91 and a debt-to-equity ratio of 0.19.

FTI Consulting (NYSE: FCN – Get Rating) last posted its quarterly earnings data on Thursday, April 28th. The business services provider reported $ 1.66 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $ 1.33 by $ 0.33. The firm had revenue of $ 723.62 million for the quarter, compared to the consensus estimate of $ 702.83 million. FTI Consulting had a return on equity of 15.08% and a net margin of 8.17%. The company’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $ 1.89 EPS.

Institutional investors and hedge funds have recently bought and sold shares of the business. Quent Capital LLC acquired a new stake in shares of FTI Consulting during the fourth quarter worth 25,000. MUFG Americas Holdings Corp bought a new position in shares of FTI Consulting in the 3rd quarter valued at about ,000 27,000. Covestor Ltd bought a new position in shares of FTI Consulting in the 4th quarter valued at about $ 46,000. Kings Point Capital Management acquired a new stake in shares of FTI Consulting during the 3rd quarter worth about $ 59,000. Finally, Destiny Wealth Partners LLC raised its stake in FTI Consulting by 22.8% in the 4th quarter. Destiny Wealth Partners LLC now owns 507 shares of the business services provider’s stock worth $ 78,000 after purchasing an additional 94 shares in the last quarter. Institutional investors own 98.64% of the company’s stock.

In other FTI Consulting news, General Counsel Curtis P. Lu sold 4,238 shares of the company’s stock in a transaction dated 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 SEC, which can be accessed through this link. Also, Director Vernon James Ellis sold 1,000 shares of the company’s stock in a transaction dated Wednesday, March 2nd. The stock was 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. Corporate insiders own 3.32% of the company’s stock.

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.

Further Reading

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



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