FTI Consulting, Inc. (NYSE:FCN) Expected to Post Earnings of $1.03 Per Share

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Analysts predict that FTI Consulting, Inc. (NYSE:FCN) will announce earnings of $1.03 per share for the current quarter, according to Zacks. Two analysts have made estimates for FTI Consulting’s earnings. The highest EPS estimate is $1.08 and the lowest is $0.98. FTI Consulting posted earnings per share of $1.00 in the same quarter last year, which indicates a positive year-over-year growth rate of 3%. The business is scheduled to announce its next earnings results on Thursday, October 24th.

According to Zacks, analysts expect that FTI Consulting will report full year earnings of $5.42 per share for the current year, with EPS estimates ranging from $5.33 to $5.50. For the next financial year, analysts expect that the business will report earnings of $5.55 per share, with EPS estimates ranging from $5.51 to $5.59. Zacks’ EPS calculations are an average based on a survey of research analysts that follow FTI Consulting.

FTI Consulting (NYSE:FCN) last announced its quarterly earnings results on Thursday, July 25th. The business services provider reported $1.73 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.95 by $0.78. FTI Consulting had a net margin of 8.98% and a return on equity of 14.42%. The firm had revenue of $606.12 million for the quarter, compared to the consensus estimate of $528.56 million. During the same period in the prior year, the firm posted $1.14 earnings per share. The firm’s quarterly revenue was up 18.4% compared to the same quarter last year.

A number of analysts recently issued reports on the stock. Sidoti increased their price target on shares of FTI Consulting from $99.00 to $117.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. ValuEngine downgraded shares of FTI Consulting from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Finally, SunTrust Banks set a $120.00 price target on shares of FTI Consulting and gave the stock a “buy” rating in a report on Friday, July 26th.

NYSE FCN traded up $0.80 during mid-day trading on Monday, reaching $108.14. 143,632 shares of the stock were exchanged, compared to its average volume of 216,329. The business’s 50 day moving average is $101.82 and its 200-day moving average is $85.10. FTI Consulting has a 1 year low of $59.06 and a 1 year high of $108.49. The company has a market capitalization of $4.00 billion, a P/E ratio of 27.04 and a beta of 0.27. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.20 and a current ratio of 2.20.

In related news, Director Vernon James Ellis sold 4,000 shares of the stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $106.88, for a total transaction of $427,520.00. Following the sale, the director now directly owns 28,093 shares of the company’s stock, valued at $3,002,579.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Ajay Sabherwal sold 7,458 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $107.08, for a total transaction of $798,602.64. Following the sale, the chief financial officer now directly owns 10,677 shares in the company, valued at $1,143,293.16. The disclosure for this sale can be found here. Insiders have sold 49,222 shares of company stock worth $4,817,904 over the last three months. 2.19% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the business. Swiss National Bank lifted its holdings in FTI Consulting by 0.6% during the second quarter. Swiss National Bank now owns 70,400 shares of the business services provider’s stock valued at $5,902,000 after purchasing an additional 400 shares in the last quarter. Parametrica Management Ltd acquired a new stake in shares of FTI Consulting in the first quarter valued at about $337,000. GAM Holding AG raised its position in shares of FTI Consulting by 1.9% in the first quarter. GAM Holding AG now owns 12,775 shares of the business services provider’s stock valued at $981,000 after buying an additional 244 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in shares of FTI Consulting by 19.0% in the second quarter. BNP Paribas Arbitrage SA now owns 12,800 shares of the business services provider’s stock valued at $1,073,000 after buying an additional 2,047 shares during the last quarter. Finally, Sawgrass Asset Management LLC acquired a new stake in shares of FTI Consulting in the first quarter valued at about $653,000. 97.02% of the stock is currently owned by institutional investors and hedge funds.

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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