Equities analysts expect FTI Consulting, Inc. (NYSE:FCN) to report $459.72 million in sales for the current quarter, according to Zacks. Two analysts have issued estimates for FTI Consulting’s earnings. The lowest sales estimate is $452.34 million and the highest is $467.10 million. FTI Consulting reported sales of $467.71 million during the same quarter last year, which would suggest a negative year over year growth rate of 1.7%. The company is expected to report its next earnings report on Thursday, February 28th.
According to Zacks, analysts expect that FTI Consulting will report full-year sales of $1.98 billion for the current year, with estimates ranging from $1.98 billion to $1.99 billion. For the next fiscal year, analysts forecast that the business will report sales of $2.01 billion, with estimates ranging from $2.00 billion to $2.02 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover FTI Consulting.
FTI Consulting (NYSE:FCN) last issued its earnings results on Thursday, October 25th. The business services provider reported $1.00 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.42. The firm had revenue of $513.01 million during the quarter, compared to analysts’ expectations of $471.78 million. FTI Consulting had a net margin of 9.73% and a return on equity of 11.91%.
FCN has been the topic of a number of recent research reports. ValuEngine lowered shares of FTI Consulting from a “buy” rating to a “hold” rating in a research report on Thursday, November 1st. Zacks Investment Research raised shares of FTI Consulting from a “hold” rating to a “strong-buy” rating and set a $79.00 target price on the stock in a research note on Monday, October 29th.
In related news, Director Brenda J. Bacon sold 11,000 shares of the company’s stock in a transaction on Monday, November 5th. The shares were sold at an average price of $66.51, for a total value of $731,610.00. Following the completion of the sale, the director now owns 40,955 shares in the company, valued at approximately $2,723,917.05. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Brenda J. Bacon sold 1,100 shares of the company’s stock in a transaction on Friday, November 2nd. The shares were sold at an average price of $68.02, for a total transaction of $74,822.00. Following the completion of the sale, the director now owns 40,955 shares of the company’s stock, valued at approximately $2,785,759.10. The disclosure for this sale can be found here. Insiders have sold a total of 41,382 shares of company stock valued at $2,858,955 in the last quarter. 2.19% of the stock is currently owned by company insiders.
Large investors have recently bought and sold shares of the company. State Board of Administration of Florida Retirement System grew its stake in FTI Consulting by 2.2% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 32,432 shares of the business services provider’s stock valued at $1,961,000 after acquiring an additional 686 shares during the last quarter. Piedmont Investment Advisors LLC raised its holdings in FTI Consulting by 10.0% in the second quarter. Piedmont Investment Advisors LLC now owns 8,798 shares of the business services provider’s stock valued at $532,000 after buying an additional 797 shares during the period. Bbva Compass Bancshares Inc. raised its stake in shares of FTI Consulting by 5.8% during the third quarter. Bbva Compass Bancshares Inc. now owns 15,837 shares of the business services provider’s stock valued at $1,159,000 after purchasing an additional 869 shares during the period. American International Group Inc. raised its stake in shares of FTI Consulting by 3.1% during the third quarter. American International Group Inc. now owns 29,866 shares of the business services provider’s stock valued at $2,186,000 after purchasing an additional 900 shares during the period. Finally, Aperio Group LLC raised its stake in shares of FTI Consulting by 14.1% during the second quarter. Aperio Group LLC now owns 7,460 shares of the business services provider’s stock valued at $451,000 after purchasing an additional 924 shares during the period. 95.07% of the stock is currently owned by institutional investors and hedge funds.
FCN stock traded up $0.63 during midday trading on Friday, hitting $68.95. 402,386 shares of the stock traded hands, compared to its average volume of 473,601. FTI Consulting has a 1-year low of $39.57 and a 1-year high of $81.91. The firm has a market cap of $2.61 billion, a PE ratio of 29.72 and a beta of 0.06. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.64 and a current ratio of 1.64.
FTI Consulting Company Profile
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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