Q1 2018 EPS Estimates for FTI Consulting, Inc. Lowered by Analyst (FCN)

FTI Consulting, Inc. (NYSE:FCN) – Investment analysts at SunTrust Banks lowered their Q1 2018 earnings per share estimates for FTI Consulting in a note issued to investors on Thursday. SunTrust Banks analyst T. Sommer now anticipates that the business services provider will post earnings per share of $0.55 for the quarter, down from their prior forecast of $0.58.

Other equities research analysts also recently issued research reports about the company. TheStreet upgraded FTI Consulting from a “c” rating to a “b” rating in a research report on Thursday. Zacks Investment Research upgraded FTI Consulting from a “sell” rating to a “hold” rating in a research report on Tuesday, September 26th. Finally, BidaskClub upgraded FTI Consulting from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 9th. One analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. FTI Consulting presently has a consensus rating of “Hold” and a consensus target price of $43.00.

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FTI Consulting (FCN) opened at 42.40 on Monday. The firm has a market capitalization of $1.68 billion, a PE ratio of 46.39 and a beta of 0.28. FTI Consulting has a one year low of $31.65 and a one year high of $47.12. The firm has a 50-day moving average price of $36.14 and a 200 day moving average price of $35.09.

FTI Consulting (NYSE:FCN) last released its quarterly earnings results on Thursday, October 26th. The business services provider reported $0.83 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.24. The business had revenue of $448.96 million during the quarter, compared to analysts’ expectations of $446.63 million. FTI Consulting had a return on equity of 6.12% and a net margin of 2.70%. The firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period last year, the firm posted $0.52 EPS.

Hedge funds have recently modified their holdings of the stock. Riverhead Capital Management LLC raised its position in shares of FTI Consulting by 81.1% in the second quarter. Riverhead Capital Management LLC now owns 2,898 shares of the business services provider’s stock worth $101,000 after buying an additional 1,298 shares in the last quarter. LS Investment Advisors LLC raised its position in shares of FTI Consulting by 17.4% in the second quarter. LS Investment Advisors LLC now owns 3,307 shares of the business services provider’s stock worth $116,000 after buying an additional 491 shares in the last quarter. Public Employees Retirement System of Ohio raised its position in shares of FTI Consulting by 12.8% in the second quarter. Public Employees Retirement System of Ohio now owns 4,698 shares of the business services provider’s stock worth $164,000 after buying an additional 533 shares in the last quarter. Amalgamated Bank raised its position in shares of FTI Consulting by 0.6% in the second quarter. Amalgamated Bank now owns 5,870 shares of the business services provider’s stock worth $205,000 after buying an additional 37 shares in the last quarter. Finally, Capstone Asset Management Co. raised its position in shares of FTI Consulting by 4.9% in the second quarter. Capstone Asset Management Co. now owns 5,956 shares of the business services provider’s stock worth $208,000 after buying an additional 280 shares in the last quarter. Institutional investors own 92.07% of the company’s stock.

About FTI Consulting

FTI Consulting, Inc is a business advisory company. The Company operates through five segments: Corporate Finance & Restructuring, Forensic and Litigation Consulting, Economic Consulting, Technology and Strategic Communications. The Company provides advice and services, such as restructuring (including bankruptcy), capital formation and indebtedness, interim business management, performance improvements, forensic accounting and litigation matters, international arbitrations, mergers and acquisitions (M&A), antitrust and competition matters, securities litigation, electronic discovery (or e-discovery), management and retrieval of electronically stored information (ESI), reputation management and strategic communications.

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

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