Research Analysts Offer Predictions for FTI Consulting, Inc.’s Q3 2024 Earnings (NYSE:FCN)

FTI Consulting, Inc. (NYSE:FCN) – William Blair cut their Q3 2024 earnings per share (EPS) estimates for shares of FTI Consulting in a research note issued to investors on Friday, April 26th. William Blair analyst A. Nicholas now forecasts that the business services provider will post earnings per share of $2.13 for the quarter, down from their previous estimate of $2.38. William Blair currently has a “Outperform” rating on the stock. The consensus estimate for FTI Consulting’s current full-year earnings is $8.15 per share. William Blair also issued estimates for FTI Consulting’s Q2 2025 earnings at $2.26 EPS, Q4 2025 earnings at $2.33 EPS and FY2025 earnings at $9.30 EPS.

Other equities analysts have also recently issued research reports about the company. Truist Financial raised their price target on FTI Consulting from $240.00 to $255.00 and gave the company a “buy” rating in a report on Friday, February 23rd. StockNews.com cut shares of FTI Consulting from a “buy” rating to a “hold” rating in a report on Friday, April 26th.

FTI Consulting Trading Up 0.1 %

Shares of FTI Consulting stock opened at $213.79 on Monday. The stock has a market capitalization of $7.63 billion, a P/E ratio of 24.86 and a beta of 0.11. The company has a 50-day simple moving average of $208.48 and a 200 day simple moving average of $205.99. The company has a quick ratio of 2.46, a current ratio of 2.46 and a debt-to-equity ratio of 0.10. FTI Consulting has a 12-month low of $171.81 and a 12-month high of $232.15.

FTI Consulting (NYSE:FCN) last released its quarterly earnings data on Thursday, April 25th. The business services provider reported $2.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.76 by $0.47. FTI Consulting had a return on equity of 15.97% and a net margin of 8.51%. The company had revenue of $928.60 million for the quarter, compared to the consensus estimate of $901.77 million. During the same period in the previous year, the business earned $1.34 earnings per share. The company’s quarterly revenue was up 15.1% on a year-over-year basis.

Insider Buying and Selling at FTI Consulting

In related news, Director Brenda J. Bacon acquired 1,120 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were bought at an average price of $222.96 per share, for a total transaction of $249,715.20. Following the purchase, the director now directly owns 15,292 shares in the company, valued at approximately $3,409,504.32. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other FTI Consulting news, General Counsel Curtis P. Lu sold 2,656 shares of the company’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $217.08, for a total value of $576,564.48. Following the transaction, the general counsel now directly owns 29,190 shares of the company’s stock, valued at approximately $6,336,565.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Brenda J. Bacon purchased 1,120 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The stock was acquired at an average price of $222.96 per share, for a total transaction of $249,715.20. Following the completion of the purchase, the director now directly owns 15,292 shares of the company’s stock, valued at approximately $3,409,504.32. The disclosure for this purchase can be found here. In the last three months, insiders have sold 36,715 shares of company stock worth $7,617,513. Insiders own 2.51% of the company’s stock.

Institutional Investors Weigh In On FTI Consulting

Several institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC acquired a new position in shares of FTI Consulting in the 3rd quarter valued at approximately $431,000. Dakota Wealth Management raised its holdings in shares of FTI Consulting by 348.8% during the third quarter. Dakota Wealth Management now owns 5,044 shares of the business services provider’s stock valued at $900,000 after purchasing an additional 3,920 shares during the period. Tectonic Advisors LLC bought a new position in FTI Consulting in the third quarter worth approximately $223,000. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of FTI Consulting by 9.2% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 1,459 shares of the business services provider’s stock worth $260,000 after purchasing an additional 123 shares in the last quarter. Finally, Arlington Trust Co LLC bought a new position in shares of FTI Consulting in the third quarter valued at $28,000. 99.36% of the stock is currently owned by institutional investors.

About FTI Consulting

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.