Analysts Expect FTI Consulting, Inc. (NYSE:FCN) Will Announce Quarterly Sales of


Equities analysts predict that FTI Consulting, Inc. (NYSE:FCN) will post sales of $616.84 million for the current quarter, according to Zacks. Two analysts have made estimates for FTI Consulting’s earnings. The lowest sales estimate is $604.57 million and the highest is $629.10 million. FTI Consulting reported sales of $604.59 million in the same quarter last year, which indicates a positive year over year growth rate of 2%. The company is scheduled to announce its next quarterly earnings report before the market opens on Thursday, April 29th.

On average, analysts expect that FTI Consulting will report full year sales of $2.60 billion for the current year, with estimates ranging from $2.58 billion to $2.61 billion. For the next financial year, analysts forecast that the business will post sales of $2.84 billion, with estimates ranging from $2.77 billion to $2.91 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for FTI Consulting.

FTI Consulting (NYSE:FCN) last released its quarterly earnings data on Thursday, February 25th. The business services provider reported $1.61 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.17 by $0.44. The business had revenue of $626.58 million during the quarter, compared to analysts’ expectations of $617.42 million. FTI Consulting had a return on equity of 13.27% and a net margin of 7.56%. The business’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.80 EPS.

Several analysts have recently weighed in on FCN shares. Truist raised their target price on FTI Consulting from $155.00 to $165.00 in a research note on Thursday, March 11th. Zacks Investment Research raised FTI Consulting from a “sell” rating to a “hold” rating and set a $121.00 price objective on the stock in a research note on Monday, March 1st. Finally, Truist Securities raised their price objective on FTI Consulting from $155.00 to $165.00 in a research note on Thursday, March 11th.

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In other news, CFO Ajay Sabherwal sold 10,000 shares of FTI Consulting stock in a transaction that occurred on Friday, February 26th. The stock was sold at an average price of $117.07, for a total transaction of $1,170,700.00. Following the sale, the chief financial officer now owns 13,290 shares of the company’s stock, valued at approximately $1,555,860.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.19% of the stock is currently owned by company insiders.

Hedge funds have recently made changes to their positions in the stock. US Bancorp DE raised its position in FTI Consulting by 107.6% in the 4th quarter. US Bancorp DE now owns 382 shares of the business services provider’s stock valued at $43,000 after purchasing an additional 198 shares during the last quarter. Wolff Wiese Magana LLC acquired a new stake in shares of FTI Consulting during the fourth quarter worth $59,000. Steward Partners Investment Advisory LLC acquired a new stake in shares of FTI Consulting during the fourth quarter worth $66,000. IronBridge Private Wealth LLC acquired a new stake in shares of FTI Consulting during the fourth quarter worth $66,000. Finally, Huntington National Bank grew its stake in shares of FTI Consulting by 25.4% during the first quarter. Huntington National Bank now owns 715 shares of the business services provider’s stock worth $100,000 after purchasing an additional 145 shares during the period. 97.33% of the stock is currently owned by institutional investors and hedge funds.

FCN opened at $145.96 on Friday. The stock has a market cap of $5.00 billion, a P/E ratio of 29.97 and a beta of 0.41. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.93 and a quick ratio of 1.93. The stock’s 50 day simple moving average is $132.86 and its 200 day simple moving average is $115.00. FTI Consulting has a 1-year low of $94.87 and a 1-year high of $147.38.

About FTI Consulting

FTI Consulting, Inc provides business advisory services to manage change, mitigate risk, and resolve disputes worldwide. Its Corporate Finance & Restructuring segment provides business transformation, transactions, turnaround, restructuring, and bankruptcy services. The company’s Forensic and Litigation Consulting segment offers anti-corruption/anti-money laundering investigations and compliance, and data and analytics, as well as compliance, monitoring, and receivership services; cybersecurity, forensic accounting and advisory, and global risk and investigations practice; and construction solutions, dispute advisory, trial, insurance claims, health and environmental solutions, and export controls and sanctions.

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