FTI Consulting (NYSE:FCN) Announces Earnings Results, Beats Estimates By $0.47 EPS

FTI Consulting (NYSE:FCN) issued its quarterly earnings results on Thursday. The business services provider reported $2.23 EPS for the quarter, topping the consensus estimate of $1.76 by $0.47, Briefing.com reports. FTI Consulting had a net margin of 8.51% and a return on equity of 15.97%. The firm had revenue of $928.60 million for the quarter, compared to analysts’ expectations of $901.77 million. During the same period in the previous year, the business earned $1.34 earnings per share. FTI Consulting’s revenue for the quarter was up 15.1% compared to the same quarter last year.

FTI Consulting Stock Down 1.8 %

NYSE:FCN traded down $3.95 during trading hours on Friday, hitting $211.36. 388,099 shares of the company’s stock traded hands, compared to its average volume of 155,664. FTI Consulting has a twelve month low of $167.39 and a twelve month high of $232.15. The firm has a market cap of $7.53 billion, a P/E ratio of 24.58 and a beta of 0.11. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.74 and a current ratio of 2.46. The stock’s fifty day moving average price is $207.58 and its two-hundred day moving average price is $205.41.

Analysts Set New Price Targets

A number of analysts recently weighed in on FCN shares. Truist Financial raised their target price on shares of FTI Consulting from $240.00 to $255.00 and gave the stock a “buy” rating in a report on Friday, February 23rd. William Blair reaffirmed an “outperform” rating on shares of FTI Consulting in a research report on Friday. Finally, StockNews.com lowered FTI Consulting from a “buy” rating to a “hold” rating in a research report on Friday.

Insider Buying and Selling at FTI Consulting

In related news, Director Brenda J. Bacon acquired 1,120 shares of the company’s stock in a transaction on Friday, February 23rd. The shares were purchased at an average price of $222.96 per share, for a total transaction of $249,715.20. Following the purchase, the director now owns 15,292 shares in the company, valued at $3,409,504.32. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other FTI Consulting news, Director Claudio Costamagna sold 7,059 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $209.13, for a total value of $1,476,248.67. Following the completion of the sale, the director now directly owns 32,860 shares of the company’s stock, valued at $6,872,011.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Brenda J. Bacon purchased 1,120 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were acquired at an average price of $222.96 per share, for a total transaction of $249,715.20. Following the acquisition, the director now directly owns 15,292 shares in the company, valued at approximately $3,409,504.32. The disclosure for this purchase can be found here. Insiders have sold a total of 36,715 shares of company stock valued at $7,617,513 in the last 90 days. 3.34% of the stock is currently owned by corporate insiders.

About FTI Consulting

FTI Consulting, Inc provides business advisory services to manage change, mitigate risk, and resolve disputes worldwide. The company operates through Corporate Finance & Restructuring, Forensic and Litigation Consulting, Economic Consulting, Technology, and Strategic Communications segments. The Corporate Finance & Restructuring segment provides business transformation and strategy, transactions, and turnaround and restructuring services.