Brokerages Expect FTI Consulting, Inc. (FCN) to Announce $0.65 Earnings Per Share

Wall Street brokerages expect FTI Consulting, Inc. (NYSE:FCN) to post earnings per share of $0.65 for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for FTI Consulting’s earnings. The highest EPS estimate is $0.70 and the lowest is $0.58. FTI Consulting reported earnings of $0.34 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 91.2%. The firm is scheduled to announce its next quarterly earnings report before the market opens on Thursday, April 26th.

According to Zacks, analysts expect that FTI Consulting will report full year earnings of $2.53 per share for the current year, with EPS estimates ranging from $2.50 to $2.55. For the next year, analysts expect that the company will post earnings of $2.76 per share, with EPS estimates ranging from $2.75 to $2.78. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow FTI Consulting.

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FTI Consulting (NYSE:FCN) last announced its earnings results on Thursday, February 22nd. The business services provider reported $0.78 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.28. The business had revenue of $467.71 million for the quarter, compared to analyst estimates of $450.52 million. FTI Consulting had a return on equity of 7.80% and a net margin of 5.97%. The company’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.24 earnings per share.

FCN has been the subject of a number of research reports. Zacks Investment Research upgraded FTI Consulting from a “hold” rating to a “buy” rating and set a $53.00 target price for the company in a research note on Friday, February 23rd. ValuEngine upgraded FTI Consulting from a “hold” rating to a “buy” rating in a research note on Friday, February 23rd. One analyst has rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the stock. FTI Consulting has an average rating of “Hold” and a consensus price target of $45.50.

FTI Consulting stock traded up $0.07 during midday trading on Wednesday, hitting $51.12. The stock had a trading volume of 565,506 shares, compared to its average volume of 284,598. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 0.33. The firm has a market cap of $1,895.83, a P/E ratio of 22.03 and a beta of 0.20. FTI Consulting has a 12 month low of $31.65 and a 12 month high of $51.43.

In other news, CAO Catherine M. Freeman sold 6,088 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $48.44, for a total transaction of $294,902.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.33% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of FCN. Acadian Asset Management LLC acquired a new position in shares of FTI Consulting during the fourth quarter worth approximately $7,022,000. Boston Partners boosted its position in shares of FTI Consulting by 21.3% during the fourth quarter. Boston Partners now owns 675,935 shares of the business services provider’s stock worth $29,038,000 after buying an additional 118,774 shares during the period. Ameriprise Financial Inc. lifted its position in FTI Consulting by 44.1% in the third quarter. Ameriprise Financial Inc. now owns 314,483 shares of the business services provider’s stock worth $11,158,000 after purchasing an additional 96,213 shares during the period. Allianz Asset Management GmbH lifted its position in FTI Consulting by 109.0% in the fourth quarter. Allianz Asset Management GmbH now owns 176,680 shares of the business services provider’s stock worth $7,591,000 after purchasing an additional 92,151 shares during the period. Finally, Assenagon Asset Management S.A. acquired a new stake in FTI Consulting in the fourth quarter worth approximately $2,984,000. Institutional investors and hedge funds own 98.71% of the company’s stock.

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FTI Consulting Company Profile

FTI Consulting, Inc is a business advisory company. The Company operates through five segments: Corporate Finance & Restructuring, Forensic and Litigation Consulting, Economic Consulting, Technology and Strategic Communications. The Company provides advice and services, such as restructuring (including bankruptcy), capital formation and indebtedness, interim business management, performance improvements, forensic accounting and litigation matters, international arbitrations, mergers and acquisitions (M&A), antitrust and competition matters, securities litigation, electronic discovery (or e-discovery), management and retrieval of electronically stored information (ESI), reputation management and strategic communications.

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Earnings History and Estimates for FTI Consulting (NYSE:FCN)

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