FTI Consulting (NYSE:FCN – Get Free Report) updated its FY24 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $8.10-8.60 for the period, compared to the consensus estimate of $8.45. The company issued revenue guidance of $3.70-3.79 billion, compared to the consensus revenue estimate of $3.77 billion. FTI Consulting also updated its FY 2024 guidance to 8.100-8.600 EPS.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently weighed in on the company. William Blair reissued an outperform rating on shares of FTI Consulting in a report on Tuesday, June 25th. StockNews.com raised FTI Consulting from a hold rating to a buy rating in a research note on Thursday.
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FTI Consulting Price Performance
FTI Consulting (NYSE:FCN – Get Free Report) last issued its earnings results on Thursday, April 25th. The business services provider reported $2.23 EPS for the quarter, topping the consensus estimate of $1.76 by $0.47. The firm had revenue of $928.60 million during the quarter, compared to the consensus estimate of $901.77 million. FTI Consulting had a return on equity of 15.97% and a net margin of 8.51%. The business’s quarterly revenue was up 15.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.34 earnings per share. Research analysts expect that FTI Consulting will post 8.3 EPS for the current year.
Insider Transactions at FTI Consulting
In related news, CEO Steven Henry Gunby sold 28,440 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $218.61, for a total value of $6,217,268.40. Following the sale, the chief executive officer now directly owns 287,184 shares in the company, valued at $62,781,294.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other FTI Consulting news, CFO Ajay Sabherwal sold 596 shares of the business’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $226.13, for a total value of $134,773.48. Following the transaction, the chief financial officer now directly owns 13,455 shares of the company’s stock, valued at $3,042,579.15. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Steven Henry Gunby sold 28,440 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $218.61, for a total value of $6,217,268.40. Following the completion of the transaction, the chief executive officer now directly owns 287,184 shares in the company, valued at $62,781,294.24. The disclosure for this sale can be found here. Over the last three months, insiders have sold 51,088 shares of company stock worth $11,163,977. Insiders own 2.51% of the company’s stock.
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.
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