FTI Consulting (FCN) Getting Somewhat Favorable Press Coverage, Accern Reports
Media coverage about FTI Consulting (NYSE:FCN) has trended somewhat positive this week, Accern Sentiment reports. The research group ranks the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. FTI Consulting earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned media headlines about the business services provider an impact score of 45.9190085421703 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the news stories that may have impacted Accern’s scoring:
- FTI Consulting India Appoints Veteran Technology Advisor to Strategic Communications (pitchonnet.com)
- FTI Consulting Appoints Veteran Technology Advisor to Strategic Communications Segment in India (afaqs.com)
- FTI Consulting Enhances Healthcare Industry Expertise with the Appointment of Jan Naifeh (finance.yahoo.com)
- Jason Kaspar Appointed New CEO of Kaspar Companies (prweb.com)
- FTI Consulting, Inc. (FCN) Expected to Post Quarterly Sales of $452.33 Million (americanbankingnews.com)
Several brokerages have recently issued reports on FCN. Zacks Investment Research raised FTI Consulting from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a report on Tuesday, January 2nd. TheStreet raised FTI Consulting from a “c” rating to a “b” rating in a research note on Thursday, October 26th.
FTI Consulting (NYSE:FCN) last issued its quarterly earnings data on Thursday, October 26th. The business services provider reported $0.83 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.24. FTI Consulting had a return on equity of 6.12% and a net margin of 2.70%. The company had revenue of $448.96 million for the quarter, compared to analysts’ expectations of $446.63 million. During the same period in the previous year, the firm posted $0.52 earnings per share. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. equities analysts predict that FTI Consulting will post 2.06 EPS for the current fiscal year.
FTI Consulting announced that its Board of Directors has authorized a stock buyback program on Monday, December 4th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the business services provider to purchase shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.
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About FTI Consulting
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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