FTI Consulting (NYSE:FCN) Releases Quarterly Earnings Results, Beats Expectations By $0.47 EPS

FTI Consulting (NYSE:FCN) issued its earnings results on Thursday. The business services provider reported $2.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.76 by $0.47, Briefing.com reports. FTI Consulting had a return on equity of 14.94% and a net margin of 7.88%. The company had revenue of $928.60 million for the quarter, compared to analyst estimates of $901.77 million. During the same period in the prior year, the firm earned $1.34 earnings per share. FTI Consulting’s revenue for the quarter was up 15.1% on a year-over-year basis.

FTI Consulting Stock Down 1.8 %

FCN stock traded down $3.95 during trading on Friday, reaching $211.36. The stock had a trading volume of 388,099 shares, compared to its average volume of 204,535. The company has a market capitalization of $7.53 billion, a price-to-earnings ratio of 27.57 and a beta of 0.11. FTI Consulting has a one year low of $167.39 and a one year high of $232.15. The company’s 50 day moving average is $207.20 and its two-hundred day moving average is $205.27.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on FCN. William Blair reaffirmed an “outperform” rating on shares of FTI Consulting in a research note on Friday. StockNews.com lowered FTI Consulting from a “buy” rating to a “hold” rating in a report on Friday. Finally, Truist Financial raised their target price on FTI Consulting from $240.00 to $255.00 and gave the company a “buy” rating in a report on Friday, February 23rd.

Insider Transactions at FTI Consulting

In other news, insider Paul Alderman Linton sold 27,000 shares of the firm’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $206.10, for a total transaction of $5,564,700.00. Following the completion of the sale, the insider now directly owns 44,284 shares of the company’s stock, valued at approximately $9,126,932.40. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, insider Paul Alderman Linton sold 27,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $206.10, for a total transaction of $5,564,700.00. Following the completion of the sale, the insider now owns 44,284 shares in the company, valued at approximately $9,126,932.40. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Claudio Costamagna sold 7,059 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $209.13, for a total value of $1,476,248.67. Following the completion of the transaction, the director now owns 32,860 shares in the company, valued at approximately $6,872,011.80. The disclosure for this sale can be found here. Insiders have sold 36,715 shares of company stock worth $7,617,513 in the last 90 days. Insiders own 3.34% of the company’s stock.

FTI Consulting Company Profile

FTI Consulting, Inc provides business advisory services to manage change, mitigate risk, and resolve disputes worldwide. The company operates through Corporate Finance & Restructuring, Forensic and Litigation Consulting, Economic Consulting, Technology, and Strategic Communications segments. The Corporate Finance & Restructuring segment provides business transformation and strategy, transactions, and turnaround and restructuring services.