Analysts expect that FTI Consulting, Inc. (NYSE:FCN) will announce $0.95 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for FTI Consulting’s earnings, with the lowest EPS estimate coming in at $0.79 and the highest estimate coming in at $1.11. FTI Consulting reported earnings per share of $1.14 in the same quarter last year, which suggests a negative year-over-year growth rate of 16.7%. The company is scheduled to report its next earnings report 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 financial year, analysts anticipate that the company will post earnings of $4.31 per share, with EPS estimates ranging from $3.95 to $4.66. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow 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 (EPS) for the quarter, beating 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 company had revenue of $551.27 million for the quarter, compared to analysts’ expectations of $517.69 million. During the same period last year, the firm earned $1.04 EPS. The firm’s revenue for the quarter was up 10.7% on a year-over-year basis.
Several equities research analysts have recently weighed in on the company. SunTrust Banks raised their price objective on FTI Consulting to $88.00 and gave the stock a “hold” rating in a research note on Tuesday, April 30th. ValuEngine lowered FTI Consulting from a “buy” rating to a “hold” rating in a research note on Friday, April 26th.
Shares of FCN stock traded up $0.46 during mid-day trading on Tuesday, hitting $84.61. 3,168 shares of the stock traded hands, compared to its average volume of 205,109. The stock has a market capitalization of $3.21 billion, a price-to-earnings ratio of 21.11 and a beta of 0.32. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.19. The stock’s 50-day simple moving average is $83.31. FTI Consulting has a twelve month low of $59.06 and a twelve month high of $87.34.
In other news, Director Gerard E. Holthaus sold 8,884 shares of the firm’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $86.82, for a total transaction of $771,308.88. Following the completion of the sale, the director now directly owns 77,759 shares of the company’s stock, valued at approximately $6,751,036.38. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Gerard E. Holthaus sold 10,000 shares of the firm’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $86.75, for a total value of $867,500.00. Following the sale, the director now directly owns 77,759 shares of the company’s stock, valued at $6,745,593.25. The disclosure for this sale can be found here. Over the last three months, insiders have sold 28,458 shares of company stock valued at $2,446,950. Corporate insiders own 2.56% of the company’s stock.
Several institutional investors have recently modified their holdings of the company. BlackRock Inc. boosted its position in shares of 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 buying an additional 131,504 shares during the period. FMR LLC boosted its position in shares of 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 buying an additional 392,686 shares during the period. Norges Bank acquired a new stake in shares of FTI Consulting in the fourth quarter worth $57,466,000. Boston Partners boosted its position in shares of FTI Consulting by 2.5% in the first quarter. Boston Partners now owns 713,840 shares of the business services provider’s stock worth $54,838,000 after buying an additional 17,373 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in shares of FTI Consulting by 0.5% in the fourth quarter. Bank of New York Mellon Corp now owns 496,498 shares of the business services provider’s stock worth $33,086,000 after buying an additional 2,349 shares during the period. 96.76% 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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