FTI Consulting (NYSE:FCN – Get Free Report) released its quarterly earnings results on Thursday. The business services provider reported $2.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.76 by $0.47, Briefing.com reports. FTI Consulting had a return on equity of 15.97% and a net margin of 8.51%. The firm had revenue of $928.60 million during the quarter, compared to analysts’ expectations of $901.77 million. During the same period last year, the firm posted $1.34 EPS. The business’s revenue was up 15.1% on a year-over-year basis.
FTI Consulting Trading Down 1.8 %
FCN stock traded down $3.95 during midday trading on Friday, reaching $211.36. The stock had a trading volume of 388,099 shares, compared to its average volume of 155,664. The firm has a market cap of $7.53 billion, a price-to-earnings ratio of 24.58 and a beta of 0.11. FTI Consulting has a twelve month low of $167.39 and a twelve month high of $232.15. The company has a quick ratio of 1.74, a current ratio of 2.46 and a debt-to-equity ratio of 0.10. The business has a fifty day simple moving average of $207.58 and a two-hundred day simple moving average of $205.52.
Insider Buying and Selling at FTI Consulting
In other FTI Consulting news, Director Brenda J. Bacon purchased 1,120 shares of the stock in a transaction dated Friday, February 23rd. The stock was bought at an average price of $222.96 per share, for a total transaction of $249,715.20. Following the transaction, the director now directly owns 15,292 shares in the company, valued at $3,409,504.32. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Brenda J. Bacon purchased 1,120 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were bought at an average price of $222.96 per share, with a total value of $249,715.20. Following the purchase, the director now directly owns 15,292 shares in the company, valued at approximately $3,409,504.32. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Paul Alderman Linton sold 27,000 shares of FTI Consulting stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $206.10, for a total value of $5,564,700.00. Following the sale, the insider now directly owns 44,284 shares of the company’s stock, valued at $9,126,932.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 36,715 shares of company stock worth $7,617,513. Company insiders own 3.34% of the company’s stock.
Analyst Ratings Changes
Check Out Our Latest Stock Analysis on FTI Consulting
About FTI Consulting
FTI Consulting, Inc provides business advisory services to manage change, mitigate risk, and resolve disputes worldwide. The company operates through Corporate Finance & Restructuring, Forensic and Litigation Consulting, Economic Consulting, Technology, and Strategic Communications segments. The Corporate Finance & Restructuring segment provides business transformation and strategy, transactions, and turnaround and restructuring services.
Recommended Stories
- Five stocks we like better than FTI Consulting
- Should You Add These Warren Buffett Stocks to Your Portfolio?
- MarketBeat Week in Review – 4/22 – 4/26
- Transportation Stocks Investing
- 3 Stocks Leading the U.S. Agriculture Comeback
- Buy P&G Now, Before It Sets A New All-Time High
- How to Use Put Debit Spreads to Profit From Falling Stocks
Receive News & Ratings for FTI Consulting Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FTI Consulting and related companies with MarketBeat.com's FREE daily email newsletter.