FTI Consulting (FCN) to Release Quarterly Earnings on Thursday

FTI Consulting (NYSE:FCN) is set to release its earnings data before the market opens on Thursday, April 25th. Analysts expect FTI Consulting to post earnings of $1.76 per share for the quarter. FTI Consulting has set its FY 2024 guidance at 7.750-8.500 EPS and its FY24 guidance at $7.75-8.50 EPS.Persons that wish to register for the company’s earnings conference call can do so using this link.

FTI Consulting (NYSE:FCN) last released its earnings results on Thursday, February 22nd. The business services provider reported $2.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.71. The business had revenue of $924.68 million for the quarter, compared to analyst estimates of $840.40 million. FTI Consulting had a return on equity of 14.94% and a net margin of 7.88%. The company’s revenue for the quarter was up 19.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.52 earnings per share. On average, analysts expect FTI Consulting to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

FTI Consulting Trading Up 0.2 %

NYSE:FCN opened at $211.73 on Tuesday. The firm has a market cap of $7.52 billion, a P/E ratio of 27.46 and a beta of 0.11. The stock’s 50 day simple moving average is $205.72 and its 200-day simple moving average is $204.98. FTI Consulting has a 12-month low of $167.39 and a 12-month high of $232.15.

Insider Buying and Selling at FTI Consulting

In other FTI Consulting news, insider Paul Alderman Linton sold 27,000 shares of the company’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $206.10, for a total value of $5,564,700.00. Following the sale, the insider now owns 44,284 shares of the company’s stock, valued at $9,126,932.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Brenda J. Bacon bought 1,120 shares of the stock in a transaction on Friday, February 23rd. The shares were bought at an average price of $222.96 per share, with a total value of $249,715.20. Following the completion of the acquisition, the director now owns 15,292 shares of the company’s stock, valued at $3,409,504.32. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Paul Alderman Linton sold 27,000 shares of the company’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $206.10, for a total value of $5,564,700.00. Following the completion of the sale, the insider now owns 44,284 shares in the company, valued at $9,126,932.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 36,715 shares of company stock valued at $7,617,513. Insiders own 3.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on FCN shares. StockNews.com lowered FTI Consulting from a “buy” rating to a “hold” rating in a report on Thursday, April 18th. Truist Financial upped their price objective on FTI Consulting from $240.00 to $255.00 and gave the stock a “buy” rating in a report on Friday, February 23rd.

FTI Consulting Company Profile

FTI Consulting, Inc provides business advisory services to manage change, mitigate risk, and resolve disputes worldwide. The company operates through Corporate Finance & Restructuring, Forensic and Litigation Consulting, Economic Consulting, Technology, and Strategic Communications segments. The Corporate Finance & Restructuring segment provides business transformation and strategy, transactions, and turnaround and restructuring services.