Zacks: Brokerages Expect FTI Consulting, Inc. (NYSE:FCN) Will Post Earnings of $0.95 Per Share

Wall Street brokerages forecast that FTI Consulting, Inc. (NYSE:FCN) will post earnings per share of $0.95 for the current quarter, Zacks reports. Two analysts have issued estimates for FTI Consulting’s earnings, with estimates ranging from $0.79 to $1.11. FTI Consulting posted earnings of $1.14 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 16.7%. The firm is expected to report its next quarterly earnings report on Thursday, July 25th.

According to Zacks, analysts expect that FTI Consulting will report full year earnings of $4.24 per share for the current fiscal year, with EPS estimates ranging from $3.97 to $4.50. For the next fiscal year, analysts anticipate that the firm will report earnings of $4.31 per share, with EPS estimates ranging from $3.95 to $4.66. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover FTI Consulting.

FTI Consulting (NYSE:FCN) last announced its quarterly earnings data on Thursday, April 25th. The business services provider reported $1.63 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.00 by $0.63. The firm had revenue of $551.27 million for the quarter, compared to the consensus estimate of $517.69 million. FTI Consulting had a net margin of 8.37% and a return on equity of 13.13%. The company’s revenue was up 10.7% on a year-over-year basis. During the same period last year, the firm earned $1.04 EPS.

Several analysts have recently commented on the stock. SunTrust Banks raised their price objective on shares of FTI Consulting to $88.00 and gave the company a “hold” rating in a research report on Tuesday, April 30th. ValuEngine downgraded shares of FTI Consulting from a “buy” rating to a “hold” rating in a research report on Friday, April 26th.

In related news, Director Gerard E. Holthaus sold 10,000 shares of the firm’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $86.75, for a total transaction of $867,500.00. Following the completion of the transaction, the director now directly owns 77,759 shares of the company’s stock, valued at $6,745,593.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gerard E. Holthaus sold 8,884 shares of the firm’s stock in a transaction on Friday, June 7th. The shares were sold at an average price of $86.82, for a total transaction of $771,308.88. Following the transaction, the director now directly owns 77,759 shares of the company’s stock, valued at $6,751,036.38. The disclosure for this sale can be found here. Insiders have sold 28,458 shares of company stock valued at $2,446,950 over the last ninety days. 2.56% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. FMR LLC grew its stake in FTI Consulting by 12.5% during the first quarter. FMR LLC now owns 3,544,813 shares of the business services provider’s stock valued at $272,313,000 after acquiring an additional 392,686 shares in the last quarter. Metropolitan Life Insurance Co NY grew its stake in FTI Consulting by 1.5% during the first quarter. Metropolitan Life Insurance Co NY now owns 11,845 shares of the business services provider’s stock valued at $909,000 after acquiring an additional 175 shares in the last quarter. Marshall Wace North America L.P. grew its stake in FTI Consulting by 27.0% during the first quarter. Marshall Wace North America L.P. now owns 1,323 shares of the business services provider’s stock valued at $101,000 after acquiring an additional 281 shares in the last quarter. Marshall Wace LLP purchased a new position in shares of FTI Consulting in the 1st quarter worth $5,586,000. Finally, Lazard Asset Management LLC grew its stake in shares of FTI Consulting by 416.6% in the 1st quarter. Lazard Asset Management LLC now owns 462,320 shares of the business services provider’s stock worth $35,514,000 after buying an additional 372,835 shares in the last quarter. 96.76% of the stock is owned by institutional investors.

Shares of FCN stock traded up $0.46 on Tuesday, hitting $84.61. 3,168 shares of the stock traded hands, compared to its average volume of 205,109. The stock has a market cap of $3.21 billion, a price-to-earnings ratio of 21.11 and a beta of 0.32. FTI Consulting has a 52 week low of $59.06 and a 52 week high of $87.34. The business has a 50 day moving average price of $83.31. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.19.

About FTI Consulting

FTI Consulting, Inc provides business advisory services to manage change, mitigate risk, and resolve disputes worldwide. The company's Corporate Finance & Restructuring segment provides turnaround and restructuring, business transformation, interim management, valuation and financial advisory, transaction, dispute advisory, and tax services, as well as mergers and acquisitions (M&A), and M&A integration services.

Featured Article: What is the downside to momentum investing?

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)

Receive News & Ratings for FTI Consulting Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FTI Consulting and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


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