Analysts Anticipate FTI Consulting, Inc. (FCN) Will Post Earnings of $0.50 Per Share

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.

Several equities analysts recently weighed in on FCN shares. TheStreet upgraded shares of FTI Consulting from a “c” rating to a “b” rating in a report on Thursday, October 26th. Zacks Investment Research upgraded shares of FTI Consulting from a “hold” rating to a “strong-buy” rating and set a $49.00 price objective on the stock in a report on Monday, October 30th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $44.33.

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.

ILLEGAL ACTIVITY WARNING: “Analysts Anticipate FTI Consulting, Inc. (FCN) Will Post Earnings of $0.50 Per Share” was posted by Community Financial News and is the sole property of of Community Financial News. If you are accessing this story on another website, it was stolen and republished in violation of United States & international copyright & trademark legislation. The correct version of this story can be accessed at https://www.com-unik.info/2017/12/08/analysts-anticipate-fti-consulting-inc-fcn-will-post-earnings-of-0-50-per-share.html.

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.

Get a free copy of the Zacks research report on FTI Consulting (FCN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

What are top analysts saying about FTI Consulting Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for FTI Consulting Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit