FTI Consulting, Inc. (NYSE:FCN) Expected to Announce Quarterly Sales of $540.13 Million

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.

Several analysts recently weighed in on FCN shares. ValuEngine cut FTI Consulting from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. Sidoti lifted their price target on FTI Consulting from $121.00 to $134.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Finally, SunTrust Banks set a $120.00 price target on FTI Consulting and gave the stock a “buy” rating in a report on Friday, July 26th.

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.

Featured Article: Does a trade war provide a risk to the global economy?

Get a free copy of the Zacks research report on FTI Consulting (FCN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for FTI Consulting (NYSE:FCN)

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.