$0.51 Earnings Per Share Expected for FTI Consulting, Inc. (FCN) This Quarter
Wall Street analysts forecast that FTI Consulting, Inc. (NYSE:FCN) will post earnings of $0.51 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for FTI Consulting’s earnings, with the lowest EPS estimate coming in at $0.39 and the highest estimate coming in at $0.63. FTI Consulting posted earnings of $0.78 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 34.6%. The firm is expected to announce its next quarterly earnings results on Thursday, February 28th.
On average, analysts expect that FTI Consulting will report full-year earnings of $3.75 per share for the current fiscal year, with EPS estimates ranging from $3.70 to $3.80. For the next financial year, analysts forecast that the firm will post earnings of $3.77 per share, with EPS estimates ranging from $3.74 to $3.80. Zacks’ EPS averages are an average based on a survey of analysts that that provide coverage for FTI Consulting.
FTI Consulting (NYSE:FCN) last issued its quarterly earnings results on Thursday, October 25th. The business services provider reported $1.00 EPS for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.42. The business had revenue of $513.01 million for the quarter, compared to analyst estimates of $471.78 million. FTI Consulting had a return on equity of 11.91% and a net margin of 9.73%.
FTI Consulting stock traded down $1.11 during mid-day trading on Wednesday, reaching $66.74. 2,896 shares of the company’s stock were exchanged, compared to its average volume of 325,350. The firm has a market capitalization of $2.61 billion, a P/E ratio of 28.74 and a beta of 0.15. FTI Consulting has a one year low of $39.57 and a one year high of $81.91. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.19.
In other FTI Consulting news, VP Matthew Pachman sold 1,500 shares of the business’s stock in a transaction on Friday, October 26th. The stock was sold at an average price of $73.14, for a total value of $109,710.00. Following the sale, the vice president now directly owns 1,686 shares in the company, valued at $123,314.04. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Brenda J. Bacon sold 11,000 shares of the business’s stock in a transaction on Monday, November 5th. The shares were sold at an average price of $66.51, for a total value of $731,610.00. Following the completion of the sale, the director now owns 40,955 shares in the company, valued at $2,723,917.05. The disclosure for this sale can be found here. Insiders have sold 51,533 shares of company stock worth $3,554,886 over the last quarter. 2.19% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently modified their holdings of FCN. Tower Research Capital LLC TRC bought a new stake in shares of FTI Consulting in the second quarter valued at $140,000. Paloma Partners Management Co bought a new stake in shares of FTI Consulting in the second quarter valued at $219,000. Wakefield Asset Management LLLP bought a new stake in shares of FTI Consulting in the third quarter valued at $250,000. Capital Fund Management S.A. bought a new stake in shares of FTI Consulting in the second quarter valued at $260,000. Finally, Yorktown Management & Research Co Inc bought a new stake in shares of FTI Consulting in the third quarter valued at $289,000. Hedge funds and other institutional investors own 98.19% of the company’s stock.
FTI Consulting Company Profile
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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