Brokerages expect FTI Consulting, Inc. (NYSE:FCN) to report $456.01 million in sales for the current quarter, Zacks reports. Three analysts have provided estimates for FTI Consulting’s earnings. The lowest sales estimate is $451.76 million and the highest is $463.00 million. FTI Consulting reported sales of $446.34 million during the same quarter last year, which would suggest a positive year over year growth rate of 2.2%. The business is expected to report its next earnings report on Thursday, April 26th.
On average, analysts expect that FTI Consulting will report full year sales of $456.01 million for the current fiscal year, with estimates ranging from $1.85 billion to $1.86 billion. For the next year, analysts forecast that the firm will post sales of $1.92 billion per share, with estimates ranging from $1.92 billion to $1.94 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that that provide coverage for FTI Consulting.
FTI Consulting (NYSE:FCN) last posted its quarterly earnings data on Thursday, February 22nd. The business services provider reported $0.78 EPS for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.28. FTI Consulting had a return on equity of 7.80% and a net margin of 5.97%. The firm had revenue of $467.71 million for the quarter, compared to analyst estimates of $450.52 million. During the same quarter last year, the company earned $0.24 EPS. The company’s revenue was up 5.8% on a year-over-year basis.
FCN has been the topic of a number of recent research reports. Zacks Investment Research upgraded FTI Consulting from a “hold” rating to a “buy” rating and set a $48.00 price objective on the stock in a research note on Tuesday, January 2nd. ValuEngine upgraded FTI Consulting from a “hold” rating to a “buy” rating in a research note on Friday, February 23rd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $45.50.
FTI Consulting stock traded down $0.40 during mid-day trading on Tuesday, reaching $49.29. 263,192 shares of the company were exchanged, compared to its average volume of 282,453. FTI Consulting has a 12 month low of $31.65 and a 12 month high of $50.81. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.94 and a quick ratio of 1.94. The firm has a market cap of $1,845.27, a PE ratio of 21.25 and a beta of 0.20.
In other news, CAO Catherine M. Freeman sold 6,088 shares of FTI Consulting stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $48.44, for a total value of $294,902.72. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.33% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in FCN. Principal Financial Group Inc. boosted its holdings in shares of FTI Consulting by 69.1% during the 3rd quarter. Principal Financial Group Inc. now owns 298,208 shares of the business services provider’s stock valued at $10,580,000 after acquiring an additional 121,826 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in FTI Consulting by 150.0% during the 3rd quarter. Russell Investments Group Ltd. now owns 21,367 shares of the business services provider’s stock worth $758,000 after buying an additional 12,821 shares during the period. Ameriprise Financial Inc. lifted its holdings in FTI Consulting by 44.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 314,483 shares of the business services provider’s stock worth $11,158,000 after buying an additional 96,213 shares during the period. Great West Life Assurance Co. Can lifted its holdings in FTI Consulting by 896.7% during the 3rd quarter. Great West Life Assurance Co. Can now owns 246,405 shares of the business services provider’s stock worth $8,747,000 after buying an additional 221,682 shares during the period. Finally, Legal & General Group Plc lifted its holdings in FTI Consulting by 75.5% during the 3rd quarter. Legal & General Group Plc now owns 105,840 shares of the business services provider’s stock worth $3,756,000 after buying an additional 45,541 shares during the period. 98.71% of the stock is currently owned by institutional investors.
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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.
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