Wall Street analysts expect FTI Consulting, Inc. (NYSE:FCN) to report sales of $540.13 million for the current quarter, Zacks reports. Two analysts have provided estimates for FTI Consulting’s earnings, with the lowest sales estimate coming in at $533.36 million and the highest estimate coming in at $546.90 million. FTI Consulting reported sales of $513.01 million in the same quarter last year, which indicates a positive year over year growth rate of 5.3%. The company is expected to report its next quarterly earnings report before the market opens on Thursday, October 24th.
On average, analysts expect that FTI Consulting will report full-year sales of $2.25 billion for the current year, with estimates ranging from $2.24 billion to $2.25 billion. For the next financial year, analysts expect that the business will post sales of $2.31 billion, with estimates ranging from $2.31 billion to $2.32 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for FTI Consulting.
FTI Consulting (NYSE:FCN) last released its quarterly earnings results on Thursday, July 25th. The business services provider reported $1.73 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.95 by $0.78. The business had revenue of $606.12 million during the quarter, compared to analysts’ expectations of $528.56 million. FTI Consulting had a return on equity of 14.42% and a net margin of 8.98%. The firm’s revenue for the quarter was up 18.4% compared to the same quarter last year. During the same period last year, the firm posted $1.14 EPS.
In other FTI Consulting news, CFO Ajay Sabherwal sold 7,458 shares of FTI Consulting stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $107.08, for a total value of $798,602.64. Following the completion of the transaction, the chief financial officer now directly owns 10,677 shares of the company’s stock, valued at approximately $1,143,293.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Brenda J. Bacon sold 9,989 shares of FTI Consulting stock in a transaction on Friday, July 26th. The shares were sold at an average price of $103.03, for a total value of $1,029,166.67. Following the completion of the transaction, the director now directly owns 26,644 shares of the company’s stock, valued at $2,745,131.32. The disclosure for this sale can be found here. Insiders sold a total of 30,338 shares of company stock valued at $3,179,095 over the last ninety days. Insiders own 2.19% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in FCN. Huntington National Bank acquired a new position in FTI Consulting in the 2nd quarter valued at $25,000. Atria Investments LLC acquired a new position in FTI Consulting in the 2nd quarter valued at $38,000. Meeder Asset Management Inc. acquired a new position in FTI Consulting in the 2nd quarter valued at $47,000. Carroll Financial Associates Inc. acquired a new position in shares of FTI Consulting during the 2nd quarter worth $51,000. Finally, Point72 Asset Management L.P. acquired a new position in shares of FTI Consulting during the 2nd quarter worth $59,000. 96.84% of the stock is owned by hedge funds and other institutional investors.
NYSE:FCN traded up $0.32 during mid-day trading on Friday, hitting $112.02. 206,043 shares of the stock were exchanged, compared to its average volume of 231,475. The stock has a market capitalization of $4.19 billion, a price-to-earnings ratio of 28.01 and a beta of 0.24. The firm’s 50-day simple moving average is $108.38 and its 200 day simple moving average is $93.59. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.20 and a current ratio of 2.20. FTI Consulting has a fifty-two week low of $59.06 and a fifty-two week high of $112.96.
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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