Brokerages expect FTI Consulting, Inc. (NYSE:FCN) to post $0.95 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for FTI Consulting’s earnings. The lowest EPS estimate is $0.79 and the highest is $1.11. FTI Consulting posted earnings of $1.14 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 16.7%. The company is expected to announce its next earnings results on Thursday, July 25th.
On average, analysts expect that FTI Consulting will report full-year earnings of $4.24 per share for the current financial year, with EPS estimates ranging from $3.97 to $4.50. For the next year, analysts forecast that the company will report earnings of $4.31 per share, with EPS estimates ranging from $3.95 to $4.66. Zacks’ EPS averages are a mean average based on a survey of research analysts that that provide coverage for FTI Consulting.
FTI Consulting (NYSE:FCN) last issued its quarterly earnings results on Thursday, April 25th. The business services provider reported $1.63 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.63. FTI Consulting had a return on equity of 13.13% and a net margin of 8.37%. The firm had revenue of $551.27 million for the quarter, compared to the consensus estimate of $517.69 million. During the same period in the prior year, the business posted $1.04 earnings per share. The company’s revenue for the quarter was up 10.7% on a year-over-year basis.
Several research analysts recently issued reports on FCN shares. SunTrust Banks increased their price objective on FTI Consulting to $88.00 and gave the stock a “hold” rating in a research note on Tuesday, April 30th. Zacks Investment Research raised FTI Consulting from a “hold” rating to a “buy” rating and set a $76.00 price objective on the stock in a research note on Thursday, February 7th. Finally, ValuEngine cut FTI Consulting from a “buy” rating to a “hold” rating in a research note on Friday, April 26th.
In related news, insider Holly Paul sold 9,574 shares of the stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $84.41, for a total value of $808,141.34. Following the transaction, the insider now owns 25,792 shares of the company’s stock, valued at $2,177,102.72. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.56% of the stock is owned by corporate insiders.
A number of large investors have recently made changes to their positions in FCN. Norges Bank bought a new position in FTI Consulting in the fourth quarter worth approximately $57,466,000. FMR LLC grew its stake in FTI Consulting by 12.5% in the first quarter. FMR LLC now owns 3,544,813 shares of the business services provider’s stock worth $272,313,000 after purchasing an additional 392,686 shares in the last quarter. Lazard Asset Management LLC grew its stake in FTI Consulting by 416.6% in the first quarter. Lazard Asset Management LLC now owns 462,320 shares of the business services provider’s stock worth $35,514,000 after purchasing an additional 372,835 shares in the last quarter. Gotham Asset Management LLC grew its stake in FTI Consulting by 201.0% in the fourth quarter. Gotham Asset Management LLC now owns 216,366 shares of the business services provider’s stock worth $14,419,000 after purchasing an additional 144,473 shares in the last quarter. Finally, BlackRock Inc. grew its stake in FTI Consulting by 2.4% in the fourth quarter. BlackRock Inc. now owns 5,678,229 shares of the business services provider’s stock worth $378,396,000 after purchasing an additional 131,504 shares in the last quarter. 96.87% of the stock is currently owned by institutional investors.
Shares of NYSE FCN traded up $0.32 during midday trading on Monday, hitting $84.24. The company’s stock had a trading volume of 167,603 shares, compared to its average volume of 292,604. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.35 and a current ratio of 2.35. FTI Consulting has a 12-month low of $59.06 and a 12-month high of $86.47. The company has a market cap of $3.19 billion, a price-to-earnings ratio of 21.06 and a beta of 0.32.
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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