Analysts expect FTI Consulting, Inc. (NYSE:FCN) to announce earnings per share (EPS) of $0.50 for the current quarter, Zacks reports. Three analysts have issued estimates for FTI Consulting’s earnings, with the lowest EPS estimate coming in at $0.38 and the highest estimate coming in at $0.57. FTI Consulting reported earnings of $0.24 per share during the same quarter last year, which suggests a positive year over year growth rate of 108.3%. The firm is scheduled to announce its next quarterly earnings report on Tuesday, February 27th.
On average, analysts expect that FTI Consulting will report full-year earnings of $2.06 per share for the current financial year, with EPS estimates ranging from $1.95 to $2.14. For the next fiscal year, analysts anticipate that the business will post earnings of $2.22 per share, with EPS estimates ranging from $2.10 to $2.32. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for FTI Consulting.
FTI Consulting (NYSE:FCN) last released its quarterly earnings results on Thursday, October 26th. The business services provider reported $0.83 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.24. FTI Consulting had a net margin of 2.70% and a return on equity of 6.12%. The business had revenue of $448.96 million for the quarter, compared to analysts’ expectations of $446.63 million. During the same period in the prior year, the firm earned $0.52 earnings per share. FTI Consulting’s revenue was up 2.5% compared to the same quarter last year.
Shares of FTI Consulting (NYSE:FCN) traded up $0.04 during midday trading on Friday, reaching $43.56. 205,300 shares of the company traded hands, compared to its average volume of 351,951. FTI Consulting has a fifty-two week low of $31.65 and a fifty-two week high of $47.12. The firm has a market capitalization of $1,660.00, a price-to-earnings ratio of 24.65 and a beta of 0.33. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.15 and a quick ratio of 2.15.
FTI Consulting declared that its Board of Directors has authorized a stock buyback plan on Monday, December 4th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the business services provider to purchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.
A number of hedge funds and other institutional investors have recently made changes to their positions in FCN. Riverhead Capital Management LLC lifted its holdings in 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 valued at $101,000 after buying an additional 1,298 shares during the period. LS Investment Advisors LLC raised its holdings in 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 purchasing an additional 491 shares during the period. Public Employees Retirement System of Ohio raised its holdings in 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 purchasing an additional 533 shares during the period. Pinebridge Investments L.P. acquired a new stake in FTI Consulting in the third quarter worth $174,000. Finally, Magnetar Financial LLC acquired a new stake in FTI Consulting in the third quarter worth $201,000. Institutional investors and hedge funds own 97.23% of the company’s stock.
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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.
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