FTI Consulting (FCN) Hits New 1-Year High and Low at $61.93

FTI Consulting (NYSE:FCN)’s share price hit a new 52-week high and low during trading on Tuesday . The company traded as low as $61.93 and last traded at $61.43, with a volume of 7031 shares. The stock had previously closed at $61.71.

FCN has been the subject of a number of recent research reports. ValuEngine upgraded FTI Consulting from a “hold” rating to a “buy” rating in a report on Friday, February 23rd. Zacks Investment Research upgraded FTI Consulting from a “hold” rating to a “buy” rating and set a $53.00 target price for the company in a report on Friday, February 23rd.

The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $2.29 billion, a P/E ratio of 26.69 and a beta of 0.19.

FTI Consulting (NYSE:FCN) last posted its quarterly earnings data on Thursday, April 26th. The business services provider reported $1.04 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.42. FTI Consulting had a return on equity of 9.85% and a net margin of 7.15%. The company had revenue of $497.77 million during the quarter, compared to analysts’ expectations of $456.68 million. During the same quarter in the previous year, the business earned $0.34 EPS. FTI Consulting’s revenue was up 11.5% compared to the same quarter last year. analysts expect that FTI Consulting will post 2.65 earnings per share for the current year.

In related news, CAO Catherine M. Freeman sold 6,088 shares of the business’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $48.44, for a total transaction of $294,902.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.19% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of FCN. Schwab Charles Investment Management Inc. boosted its holdings in FTI Consulting by 4.3% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 343,112 shares of the business services provider’s stock valued at $14,741,000 after acquiring an additional 13,999 shares during the period. Acadian Asset Management LLC purchased a new position in FTI Consulting during the 4th quarter valued at $7,022,000. Fox Run Management L.L.C. purchased a new position in FTI Consulting during the 4th quarter valued at $558,000. James Investment Research Inc. purchased a new position in FTI Consulting during the 4th quarter valued at $1,761,000. Finally, Assenagon Asset Management S.A. purchased a new position in FTI Consulting during the 4th quarter valued at $2,984,000. Institutional investors own 95.53% of the company’s stock.

About FTI Consulting

FTI Consulting, Inc provides business advisory services to manage change, mitigate risk, and resolve disputes worldwide. The company's Corporate Finance & Restructuring segment provides turnaround and restructuring, business transformation, interim management, valuation and financial advisory, transaction, dispute advisory, and tax services, as well as mergers and acquisitions (M&A), and M&A integration services.

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