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.
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.
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