Equities research analysts forecast that FTI Consulting, Inc. (NYSE:FCN) will post $471.78 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for FTI Consulting’s earnings, with estimates ranging from $468.36 million to $475.20 million. FTI Consulting reported sales of $448.96 million during the same quarter last year, which indicates a positive year-over-year growth rate of 5.1%. The business is scheduled to issue its next earnings results before the market opens on Thursday, October 25th.
According to Zacks, analysts expect that FTI Consulting will report full year sales of $1.95 billion for the current year, with estimates ranging from $1.95 billion to $1.96 billion. For the next year, analysts forecast that the company will post sales of $1.99 billion, with estimates ranging from $1.98 billion to $1.99 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover FTI Consulting.
FTI Consulting (NYSE:FCN) last posted its quarterly earnings data on Thursday, July 26th. The business services provider reported $1.14 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.51. FTI Consulting had a net margin of 9.43% and a return on equity of 11.84%. The firm had revenue of $512.10 million for the quarter, compared to analysts’ expectations of $464.02 million. During the same period in the previous year, the company posted $0.40 EPS. The company’s quarterly revenue was up 15.2% compared to the same quarter last year.
FCN has been the topic of several research analyst reports. Zacks Investment Research cut shares of FTI Consulting from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 26th. Sidoti upgraded shares of FTI Consulting from a “neutral” rating to a “buy” rating in a research report on Tuesday, July 10th.
In other FTI Consulting news, insider Holly Paul sold 10,426 shares of FTI Consulting stock in a transaction that occurred on Friday, July 27th. The shares were sold at an average price of $75.29, for a total transaction of $784,973.54. Following the transaction, the insider now directly owns 20,102 shares in the company, valued at approximately $1,513,479.58. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 2.19% of the company’s stock.
Several large investors have recently modified their holdings of FCN. BlackRock Inc. lifted its stake in shares of FTI Consulting by 7.9% in the 2nd quarter. BlackRock Inc. now owns 5,283,500 shares of the business services provider’s stock valued at $319,546,000 after purchasing an additional 385,929 shares during the last quarter. FMR LLC lifted its stake in shares of FTI Consulting by 419.0% in the 2nd quarter. FMR LLC now owns 2,982,035 shares of the business services provider’s stock valued at $180,353,000 after purchasing an additional 2,407,460 shares during the last quarter. Northern Trust Corp lifted its stake in shares of FTI Consulting by 2.6% in the 2nd quarter. Northern Trust Corp now owns 1,193,314 shares of the business services provider’s stock valued at $72,172,000 after purchasing an additional 30,282 shares during the last quarter. Boston Partners lifted its stake in shares of FTI Consulting by 2.8% in the 2nd quarter. Boston Partners now owns 666,894 shares of the business services provider’s stock valued at $40,334,000 after purchasing an additional 18,253 shares during the last quarter. Finally, Acadian Asset Management LLC acquired a new stake in shares of FTI Consulting in the 2nd quarter valued at $33,146,000. 93.22% of the stock is owned by institutional investors.
NYSE FCN traded up $0.64 on Wednesday, hitting $68.32. 243,734 shares of the stock were exchanged, compared to its average volume of 319,264. FTI Consulting has a 52-week low of $36.03 and a 52-week high of $81.91. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.29 and a current ratio of 2.29. The stock has a market cap of $2.80 billion and a price-to-earnings ratio of 29.45.
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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