Wall Street brokerages expect FTI Consulting, Inc. (NYSE: FCN) to report earnings per share (EPS) of $ 1.44 for the current quarter, Zacks Investment Research reports. Two analysts made estimates for FTI Consulting’s earnings, with the lowest EPS estimate at $ 1.30 and the highest estimate at $ 1.57. FTI Consulting reported earnings per share of $ 1.32 in the same quarter last year, suggesting a positive growth rate of 9.1% year-over-year. The company is expected to release its next quarterly results before the market opens on Thursday, July 29.
On average, analysts expect FTI Consulting to report annual earnings of $ 6.17 per share for the current year, with EPS estimates ranging from $ 6.10 to $ 6.23. For next year, analysts predict the company will post earnings of $ 7.27 per share, with EPS estimates ranging from $ 7.09 to $ 7.45. Zacks EPS calculations are an average based on a survey of seller-side research companies that follow FTI Consulting.
FTI Consulting (NYSE: FCN) last released its quarterly results on Thursday, April 29. The business services provider reported earnings per share (EPS) of $ 1.89 for the quarter, beating analyst consensus estimates of $ 1.18 by $ 0.71. FTI Consulting recorded a return on equity of 15.98% and a net margin of 8.59%. The company posted revenue of $ 686.28 million for the quarter, compared to analysts’ estimates of $ 616.84 million.
A number of analysts have published reports on the company. Berenberg Bank resumed coverage of FTI Consulting in a research note on Wednesday, May 12. They issued a “buy” note and a target price of $ 180.00 on the stock. Zacks Investment Research downgraded FTI Consulting from a “buy” rating to a “hold” rating and set a price target of $ 144.00 for the stock. in a research note on Wednesday 23 June.
NYSE: FCN shares opened at $ 134.65 on Monday. The stock has a 50-day simple moving average of $ 138.09. The company has a current ratio of 2.32, a quick ratio of 2.32, and a debt ratio of 0.32. FTI Consulting has a 12 month low of $ 94.87 and a 12 month high of $ 147.38. The company has a market cap of $ 4.61 billion, a price-to-earnings ratio of 22.33 and a beta of 0.42.
In other news, insider Holly Paul sold 31,180 shares of FTI Consulting in a trade dated Friday, May 7. The stock was sold for an average price of $ 143.93, for a total value of $ 4,487,737.40. As a result of the transaction, the insider now directly owns 43,324 shares of the company, valued at approximately $ 6,235,623.32. The transaction was disclosed in a file with the Securities & Exchange Commission, accessible through the SEC website. Insiders own 3.32% of the company’s shares.
Several hedge funds and other institutional investors have recently increased or reduced their holdings in FCN. Standard Family Office LLC increased its equity stake in FTI Consulting by 25.0% during the 1st quarter. Standard Family Office LLC now owns 719 shares of the business service provider valued at $ 101,000 after purchasing an additional 144 shares during the period. Stifel Financial Corp increased its equity stake in FTI Consulting by 18.5% during the 1st quarter. Stifel Financial Corp now owns 54,516 shares of the business services provider valued at $ 7,638,000 after purchasing an additional 8,503 shares during the period. Congress Asset Management Co. MA increased its equity stake in FTI Consulting by 30.9% during the 1st quarter. Congress Asset Management Co. MA now owns 164,190 shares of the business services provider valued at $ 23,005,000 after purchasing an additional 38,798 shares during the period. Principal Financial Group Inc. increased its equity stake in FTI Consulting by 11.6% during the 1st quarter. Principal Financial Group Inc. now owns 117,805 shares of the business services provider valued at $ 16,506,000 after purchasing an additional 12,216 shares during the period. Finally, Black Creek Investment Management Inc. increased its equity stake in FTI Consulting by 19.8% during the 1st quarter. Black Creek Investment Management Inc. now owns 1,445,339 shares of the business services provider valued at $ 202,506,000 after purchasing an additional 239,044 shares during the period.
FTI Consulting Firm Profile
FTI Consulting, Inc provides business consulting services to manage change, mitigate risk, and resolve disputes around the world. Its Corporate Finance & Restructuring segment provides business transformation, transactions, reorganization, restructuring and bankruptcy services. The Company’s Forensic and Litigation Consulting segment offers anti-corruption / anti-money laundering investigation and compliance, data and analysis, as well as compliance, monitoring and receivership services; cybersecurity, forensic accounting and advisory, and global risk and investigative practice; and construction solutions, litigation advice, lawsuits, insurance claims, health and environmental solutions, and export controls and sanctions.
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