$471.78 Million in Sales Expected for FTI Consulting, Inc. (FCN) This Quarter

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.

See Also: Market Capitalization, Large-Caps, Mid-Caps, Small-Caps

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.

Leave a Reply