Analysts expect FTI Consulting, Inc. (NYSE:FCN) to post $1.44 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for FTI Consulting’s earnings. The highest EPS estimate is $1.57 and the lowest is $1.30. FTI Consulting reported earnings of $1.32 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 9.1%. The company is expected to announce its next quarterly earnings results on Thursday, July 29th.
On average, analysts expect that FTI Consulting will report full-year earnings of $6.17 per share for the current year, with EPS estimates ranging from $6.10 to $6.23. For the next fiscal year, analysts anticipate that the business will post earnings of $7.27 per share, with EPS estimates ranging from $7.09 to $7.45. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that follow FTI Consulting.
FTI Consulting (NYSE:FCN) last issued its quarterly earnings data on Thursday, April 29th. The business services provider reported $1.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.18 by $0.71. The firm had revenue of $686.28 million for the quarter, compared to the consensus estimate of $616.84 million. FTI Consulting had a net margin of 8.59% and a return on equity of 15.98%.
A number of equities research analysts have recently issued reports on the stock. Truist Securities upped their target price on shares of FTI Consulting from $155.00 to $165.00 in a report on Thursday, March 11th. Zacks Investment Research raised shares of FTI Consulting from a “hold” rating to a “buy” rating and set a $151.00 target price on the stock in a research report on Tuesday, May 18th. Truist upped their target price on shares of FTI Consulting from $155.00 to $165.00 in a research report on Thursday, March 11th. Finally, Berenberg Bank assumed coverage on shares of FTI Consulting in a research report on Wednesday, May 12th. They set a “buy” rating and a $180.00 price target on the stock.
FCN opened at $137.93 on Tuesday. The firm has a market cap of $4.72 billion, a PE ratio of 22.87 and a beta of 0.43. The company has a fifty day moving average price of $141.53. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.32 and a current ratio of 2.32. FTI Consulting has a 1 year low of $94.87 and a 1 year high of $147.38.
In other FTI Consulting news, insider Holly Paul sold 31,180 shares of the firm’s stock in a transaction on Friday, May 7th. The stock was sold at an average price of $143.93, for a total value of $4,487,737.40. Following the completion of the sale, the insider now owns 43,324 shares of the company’s stock, valued at $6,235,623.32. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 3.32% of the stock is owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the business. Kayne Anderson Rudnick Investment Management LLC increased its position in FTI Consulting by 30.1% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,785,481 shares of the business services provider’s stock worth $530,383,000 after purchasing an additional 874,794 shares in the last quarter. Mawer Investment Management Ltd. acquired a new position in shares of FTI Consulting in the 1st quarter valued at about $256,658,000. Black Creek Investment Management Inc. lifted its stake in shares of FTI Consulting by 19.8% in the 1st quarter. Black Creek Investment Management Inc. now owns 1,445,339 shares of the business services provider’s stock valued at $202,506,000 after purchasing an additional 239,044 shares in the last quarter. Marathon Asset Management LLP lifted its stake in shares of FTI Consulting by 111.0% in the 1st quarter. Marathon Asset Management LLP now owns 909,540 shares of the business services provider’s stock valued at $127,436,000 after purchasing an additional 478,527 shares in the last quarter. Finally, Capital International Investors lifted its position in FTI Consulting by 143.6% during the 1st quarter. Capital International Investors now owns 860,072 shares of the business services provider’s stock worth $120,505,000 after acquiring an additional 506,972 shares in the last quarter.
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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