Brokerages Expect FTI Consulting, Inc. (FCN) Will Post Quarterly Sales of $521.26 Million

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Analysts expect FTI Consulting, Inc. (NYSE:FCN) to post $521.26 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for FTI Consulting’s earnings, with estimates ranging from $508.92 million to $533.60 million. FTI Consulting reported sales of $512.10 million in the same quarter last year, which would suggest a positive year over year growth rate of 1.8%. The company is scheduled to announce its next earnings report on Thursday, July 25th.

On average, analysts expect that FTI Consulting will report full-year sales of $2.12 billion for the current year, with estimates ranging from $2.10 billion to $2.13 billion. For the next financial year, analysts anticipate that the business will post sales of $2.17 billion, with estimates ranging from $2.12 billion to $2.21 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow FTI Consulting.

FTI Consulting (NYSE:FCN) last posted its earnings results on Thursday, April 25th. The business services provider reported $1.63 earnings per share for the quarter, beating the Thomson Reuters’ 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 analyst estimates of $517.69 million. During the same period last year, the company earned $1.04 earnings per share. The business’s revenue was up 10.7% compared to the same quarter last year.

A number of equities analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of FTI Consulting from a “buy” rating to a “hold” rating in a research note on Wednesday, January 30th. ValuEngine downgraded shares of FTI Consulting from a “buy” rating to a “hold” rating in a research report on Friday, April 26th. Finally, SunTrust Banks raised their price target on shares of FTI Consulting to $88.00 and gave the company a “hold” rating in a report on Tuesday, April 30th.

NYSE FCN traded down $0.59 during trading on Friday, hitting $82.73. 577 shares of the company traded hands, compared to its average volume of 309,876. FTI Consulting has a 12 month low of $58.61 and a 12 month high of $86.47. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.35 and a quick ratio of 2.35. The firm has a market cap of $3.22 billion, a P/E ratio of 20.77 and a beta of 0.29.

In other news, insider Holly Paul sold 9,574 shares of FTI Consulting stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $84.41, for a total transaction of $808,141.34. Following the sale, the insider now owns 25,792 shares in the company, valued at $2,177,102.72. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 2.19% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of Montreal Can boosted its stake in shares of FTI Consulting by 37.4% during the fourth quarter. Bank of Montreal Can now owns 1,936 shares of the business services provider’s stock valued at $128,000 after purchasing an additional 527 shares during the period. AdvisorNet Financial Inc bought a new stake in shares of FTI Consulting in the fourth quarter valued at about $131,000. Magnus Financial Group LLC bought a new stake in shares of FTI Consulting in the fourth quarter valued at about $207,000. Oppenheimer & Co. Inc. bought a new stake in shares of FTI Consulting in the first quarter valued at about $253,000. Finally, Quantamental Technologies LLC bought a new stake in shares of FTI Consulting in the first quarter valued at about $254,000. Institutional investors own 99.55% of the company’s stock.

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

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