Brokerages expect FTI Consulting, Inc. (NYSE:FCN – Get Rating) to report $737.96 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for FTI Consulting’s earnings, with estimates ranging from $734.01 million to $741.90 million. FTI Consulting posted sales of $711.49 million during the same quarter last year, which would indicate a positive year over year growth rate of 3.7%. The company is scheduled to issue its next quarterly earnings report on Monday, January 1st.
On average, analysts expect that FTI Consulting will report full-year sales of $2.95 billion for the current fiscal year, with estimates ranging from $2.92 billion to $2.98 billion. For the next year, analysts expect that the firm will post sales of $3.26 billion, with estimates ranging from $3.21 billion to $3.32 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that that provide coverage for FTI Consulting.
FTI Consulting (NYSE:FCN – Get Rating) last issued its quarterly earnings results on Thursday, April 28th. The business services provider reported $1.66 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.33. FTI Consulting had a net margin of 8.17% and a return on equity of 14.88%. The firm had revenue of $723.62 million during the quarter, compared to the consensus estimate of $702.83 million. During the same period in the prior year, the firm earned $1.89 EPS. The business’s revenue was up 5.4% on a year-over-year basis.
A number of research firms have recently commented on FCN. Zacks Investment Research raised shares of FTI Consulting from a “sell” rating to a “hold” rating and set a $170.00 price objective for the company in a report on Wednesday, April 27th. StockNews.com downgraded shares of FTI Consulting from a “buy” rating to a “hold” rating in a report on Saturday, May 7th.
NYSE:FCN opened at $166.74 on Friday. The company has a 50-day moving average of $162.67 and a 200-day moving average of $153.55. The company has a market capitalization of $5.75 billion, a price-to-earnings ratio of 25.81 and a beta of 0.43. FTI Consulting has a 52 week low of $131.50 and a 52 week high of $170.81. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.40 and a current ratio of 2.40.
In other FTI Consulting news, General Counsel Curtis P. Lu sold 4,238 shares of the firm’s stock in a transaction dated Thursday, March 10th. The shares were sold at an average price of $145.48, for a total value of $616,544.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.46% of the company’s stock.
Large investors have recently modified their holdings of the company. Quent Capital LLC acquired a new stake in shares of FTI Consulting during the 4th quarter worth approximately $25,000. Signaturefd LLC grew its position in shares of FTI Consulting by 132.5% during the 1st quarter. Signaturefd LLC now owns 193 shares of the business services provider’s stock worth $30,000 after buying an additional 110 shares during the period. Covestor Ltd acquired a new position in FTI Consulting during the fourth quarter valued at approximately $46,000. First Horizon Advisors Inc. grew its holdings in FTI Consulting by 556.0% during the first quarter. First Horizon Advisors Inc. now owns 328 shares of the business services provider’s stock valued at $52,000 after purchasing an additional 278 shares during the period. Finally, Destiny Wealth Partners LLC grew its holdings in FTI Consulting by 22.8% during the fourth quarter. Destiny Wealth Partners LLC now owns 507 shares of the business services provider’s stock valued at $78,000 after purchasing an additional 94 shares during the period.
About FTI Consulting (Get Rating)
FTI Consulting, Inc provides business advisory services to manage change, mitigate risk, and resolve disputes worldwide. The company operates through five segments: Corporate Finance & Restructuring, Forensic and Litigation Consulting, Economic Consulting, Technology, and Strategic Communications.
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