FTI Consulting (NYSE:FCN) Releases Earnings Results

FTI Consulting (NYSE:FCN) posted its earnings results on Thursday. The business services provider reported $2.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.76 by $0.47, Briefing.com reports. FTI Consulting had a net margin of 7.88% and a return on equity of 14.94%. The business 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 company posted $1.34 EPS. The company’s revenue for the quarter was up 15.1% on a year-over-year basis.

FTI Consulting Stock Performance

Shares of FCN stock traded up $2.45 on Friday, reaching $217.76. 121,829 shares of the company were exchanged, compared to its average volume of 201,747. The company has a market cap of $7.76 billion, a price-to-earnings ratio of 27.93 and a beta of 0.11. FTI Consulting has a 1 year low of $167.39 and a 1 year high of $232.15. The business has a 50-day moving average price of $207.20 and a 200 day moving average price of $205.27.

Insider Activity at FTI Consulting

In related news, Director Brenda J. Bacon bought 1,120 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was bought at an average cost of $222.96 per share, for a total transaction of $249,715.20. Following the acquisition, the director now directly owns 15,292 shares in the company, valued at $3,409,504.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other FTI Consulting news, Director Brenda J. Bacon acquired 1,120 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The shares were purchased at an average cost of $222.96 per share, for a total transaction of $249,715.20. Following the completion of the acquisition, the director now owns 15,292 shares of the company’s stock, valued at approximately $3,409,504.32. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Paul Alderman Linton sold 27,000 shares of the stock in a transaction dated 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 transaction, the insider now directly owns 44,284 shares of the company’s stock, valued at approximately $9,126,932.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 36,715 shares of company stock valued at $7,617,513. 3.34% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

FCN has been the topic of a number of recent analyst reports. Truist Financial increased their price target on FTI Consulting from $240.00 to $255.00 and gave the stock a “buy” rating in a research report on Friday, February 23rd. StockNews.com downgraded FTI Consulting from a “buy” rating to a “hold” rating in a research note on Friday.

About FTI Consulting

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.