Shares of FTI Consulting (NYSE:FCN) hit a new 52-week high and low on Monday . The company traded as low as $61.44 and last traded at $61.32, with a volume of 3775 shares traded. The stock had previously closed at $60.96.
FCN has been the subject of a number of research analyst reports. ValuEngine raised shares of FTI Consulting from a “buy” rating to a “strong-buy” rating in a research note on Friday, April 27th. Zacks Investment Research lowered shares of FTI Consulting from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 25th.
The company has a market capitalization of $2.29 billion, a price-to-earnings ratio of 26.43 and a beta of 0.19. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 0.36.
FTI Consulting (NYSE:FCN) last issued its quarterly earnings results on Thursday, April 26th. The business services provider reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.42. The company had revenue of $497.77 million during the quarter, compared to analyst estimates of $456.68 million. FTI Consulting had a net margin of 7.15% and a return on equity of 9.85%. The business’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.34 EPS. research analysts predict that FTI Consulting will post 2.65 EPS for the current year.
In other news, CAO Catherine M. Freeman sold 6,088 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $48.44, for a total value of $294,902.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 2.19% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. C M Bidwell & Associates Ltd. acquired a new stake in FTI Consulting during the first quarter valued at approximately $107,000. O Shaughnessy Asset Management LLC acquired a new stake in FTI Consulting during the first quarter valued at approximately $162,000. Jane Street Group LLC acquired a new stake in FTI Consulting during the fourth quarter valued at approximately $204,000. Verition Fund Management LLC acquired a new stake in FTI Consulting during the fourth quarter valued at approximately $209,000. Finally, CIBC Asset Management Inc acquired a new stake in FTI Consulting during the fourth quarter valued at approximately $217,000. 95.53% of the stock is owned by institutional investors and hedge funds.
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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