FTI Consulting, Inc. (NYSE:FCN) CFO Ajay Sabherwal sold 7,458 shares of the stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $107.08, for a total value of $798,602.64. Following the sale, the chief financial officer now directly owns 10,677 shares in the company, valued at $1,143,293.16. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
FCN traded up $0.02 during midday trading on Thursday, hitting $107.57. 3,695 shares of the company were exchanged, compared to its average volume of 283,777. The company’s 50 day simple moving average is $98.30 and its 200 day simple moving average is $83.41. The firm has a market capitalization of $4.02 billion, a price-to-earnings ratio of 26.82 and a beta of 0.27. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.20. FTI Consulting, Inc. has a 1-year low of $59.06 and a 1-year high of $108.28.
FTI Consulting (NYSE:FCN) last announced its quarterly earnings results on Thursday, July 25th. The business services provider reported $1.73 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.78. The company had revenue of $606.12 million for the quarter, compared to the consensus estimate of $528.56 million. FTI Consulting had a return on equity of 14.42% and a net margin of 8.98%. The firm’s revenue for the quarter was up 18.4% compared to the same quarter last year. During the same period last year, the firm earned $1.14 EPS. On average, equities analysts anticipate that FTI Consulting, Inc. will post 5.41 EPS for the current year.
Several equities research analysts have weighed in on FCN shares. SunTrust Banks set a $120.00 price target on FTI Consulting and gave the stock a “buy” rating in a research report on Friday, July 26th. ValuEngine downgraded FTI Consulting from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, Sidoti increased their price target on FTI Consulting from $99.00 to $117.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd.
FTI Consulting Company Profile
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.
Further Reading: Return on Equity (ROE)
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