William Blair Weighs in on FTI Consulting, Inc.’s Q3 2018 Earnings (FCN)

FTI Consulting, Inc. (NYSE:FCN) – Equities researchers at William Blair reduced their Q3 2018 earnings estimates for shares of FTI Consulting in a research report issued on Thursday. William Blair analyst T. Mchugh now forecasts that the business services provider will post earnings of $0.59 per share for the quarter, down from their previous estimate of $0.63. William Blair also issued estimates for FTI Consulting’s Q4 2018 earnings at $0.51 EPS, FY2018 earnings at $2.50 EPS, Q1 2019 earnings at $0.75 EPS, Q2 2019 earnings at $0.75 EPS, Q3 2019 earnings at $0.68 EPS, Q4 2019 earnings at $0.60 EPS and FY2019 earnings at $2.78 EPS.

Several other research firms also recently commented on FCN. Zacks Investment Research raised shares of FTI Consulting from a “hold” rating to a “buy” rating and set a $53.00 price objective on the stock in a report on Friday. ValuEngine raised shares of FTI Consulting from a “hold” rating to a “buy” rating in a report on Friday. One analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the stock. FTI Consulting presently has a consensus rating of “Hold” and an average price target of $45.50.

Shares of FTI Consulting (NYSE:FCN) opened at $48.26 on Friday. The company has a market cap of $1,759.19, a PE ratio of 16.99 and a beta of 0.36. FTI Consulting has a fifty-two week low of $31.65 and a fifty-two week high of $49.41. The company has a current ratio of 1.94, a quick ratio of 2.15 and a debt-to-equity ratio of 0.33.

FTI Consulting (NYSE:FCN) last released its quarterly earnings data on Thursday, February 22nd. The business services provider reported $0.78 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.28. The business had revenue of $467.71 million for the quarter, compared to the consensus estimate of $450.52 million. FTI Consulting had a net margin of 5.97% and a return on equity of 7.80%. The company’s revenue was up 5.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.24 earnings per share.

Several institutional investors have recently made changes to their positions in the company. Xact Kapitalforvaltning AB purchased a new stake in shares of FTI Consulting in the fourth quarter worth about $220,000. Segall Bryant & Hamill LLC lifted its holdings in shares of FTI Consulting by 8.0% in the fourth quarter. Segall Bryant & Hamill LLC now owns 285,829 shares of the business services provider’s stock worth $12,279,000 after buying an additional 21,245 shares in the last quarter. MetLife Investment Advisors LLC purchased a new stake in shares of FTI Consulting in the fourth quarter worth about $724,000. Gotham Asset Management LLC purchased a new stake in shares of FTI Consulting in the fourth quarter worth about $1,617,000. Finally, Jane Street Group LLC purchased a new stake in shares of FTI Consulting in the fourth quarter worth about $204,000. 93.45% of the stock is currently owned by hedge funds and other institutional investors.

FTI Consulting announced that its Board of Directors has initiated a share repurchase program on Monday, December 4th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the business services provider to purchase shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

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FTI Consulting Company Profile

FTI Consulting, Inc is a business advisory company. The Company operates through five segments: Corporate Finance & Restructuring, Forensic and Litigation Consulting, Economic Consulting, Technology and Strategic Communications. The Company provides advice and services, such as restructuring (including bankruptcy), capital formation and indebtedness, interim business management, performance improvements, forensic accounting and litigation matters, international arbitrations, mergers and acquisitions (M&A), antitrust and competition matters, securities litigation, electronic discovery (or e-discovery), management and retrieval of electronically stored information (ESI), reputation management and strategic communications.

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

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