Equities research analysts expect FTI Consulting, Inc. (NYSE:FCN) to report sales of $471.78 million for the current quarter, Zacks reports. Two analysts have made estimates for FTI Consulting’s earnings. The lowest sales estimate is $468.36 million and the highest is $475.20 million. FTI Consulting reported sales of $448.96 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 5.1%. The business is expected to issue its next earnings results on Thursday, October 25th.
According to Zacks, analysts expect that FTI Consulting will report full-year sales of $1.95 billion for the current year, with estimates ranging from $1.95 billion to $1.96 billion. For the next fiscal year, analysts forecast that the company will report sales of $1.99 billion per share, with estimates ranging from $1.98 billion to $1.99 billion. Zacks’ sales averages are an average based on a survey of analysts that follow FTI Consulting.
FTI Consulting (NYSE:FCN) last announced its earnings results on Thursday, July 26th. The business services provider reported $1.14 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.51. FTI Consulting had a net margin of 9.43% and a return on equity of 11.84%. The business had revenue of $512.10 million during the quarter, compared to analysts’ expectations of $464.02 million. During the same quarter in the prior year, the company posted $0.40 earnings per share. The firm’s revenue was up 15.2% on a year-over-year basis.
FCN has been the subject of several recent research reports. Sidoti upgraded shares of FTI Consulting from a “neutral” rating to a “buy” rating in a report on Tuesday, July 10th. Zacks Investment Research upgraded shares of FTI Consulting from a “hold” rating to a “strong-buy” rating and set a $87.00 target price for the company in a report on Tuesday, July 31st. Finally, ValuEngine cut shares of FTI Consulting from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 2nd.
FCN traded up $0.14 during trading hours on Thursday, hitting $75.54. 191,900 shares of the company’s stock were exchanged, compared to its average volume of 325,735. FTI Consulting has a 1-year low of $33.93 and a 1-year high of $81.91. The stock has a market capitalization of $2.85 billion, a price-to-earnings ratio of 32.62 and a beta of 0.04. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.29.
In related news, insider Holly Paul sold 10,426 shares of the stock in a transaction on Friday, July 27th. The shares were sold at an average price of $75.29, for a total transaction of $784,973.54. Following the completion of the transaction, the insider now owns 20,102 shares in the company, valued at $1,513,479.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.19% of the company’s stock.
A number of hedge funds have recently made changes to their positions in FCN. Wells Fargo & Company MN lifted its stake in FTI Consulting by 75.2% in the first quarter. Wells Fargo & Company MN now owns 62,536 shares of the business services provider’s stock valued at $3,028,000 after acquiring an additional 26,848 shares during the last quarter. Wedge Capital Management L L P NC acquired a new stake in FTI Consulting in the first quarter valued at $259,000. SG Americas Securities LLC lifted its stake in FTI Consulting by 24.5% in the first quarter. SG Americas Securities LLC now owns 13,952 shares of the business services provider’s stock valued at $675,000 after acquiring an additional 2,750 shares during the last quarter. Prudential Financial Inc. lifted its stake in FTI Consulting by 2.5% in the first quarter. Prudential Financial Inc. now owns 64,392 shares of the business services provider’s stock valued at $3,117,000 after acquiring an additional 1,580 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System lifted its stake in FTI Consulting by 6.2% in the first quarter. State Board of Administration of Florida Retirement System now owns 31,746 shares of the business services provider’s stock valued at $1,537,000 after acquiring an additional 1,858 shares during the last quarter. Hedge funds and other institutional investors own 93.22% of the company’s stock.
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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