FTI Consulting (FCN) Sets New 52-Week High and Low at $60.94

FTI Consulting (NYSE:FCN) reached a new 52-week high and low on Wednesday . The stock traded as low as $60.94 and last traded at $60.48, with a volume of 9036 shares changing hands. The stock had previously closed at $60.23.

Several equities research analysts have recently weighed in on FCN shares. ValuEngine upgraded FTI Consulting from a “buy” rating to a “strong-buy” rating in a research note on Friday, April 27th. Zacks Investment Research lowered FTI Consulting from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 25th.

The company has a market cap of $2.27 billion, a price-to-earnings ratio of 19.72 and a beta of 0.19. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.38 and a quick ratio of 2.38.

FTI Consulting (NYSE:FCN) last announced its earnings results on Thursday, April 26th. The business services provider reported $1.04 EPS for the quarter, topping the consensus estimate of $0.62 by $0.42. The business had revenue of $497.77 million for the quarter, compared to the consensus estimate of $456.68 million. FTI Consulting had a return on equity of 9.85% and a net margin of 7.15%. FTI Consulting’s revenue was up 11.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.34 EPS. equities analysts expect that FTI Consulting will post 2.65 EPS for the current year.

In other news, CAO Catherine M. Freeman sold 6,088 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $48.44, for a total value of $294,902.72. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 2.19% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently made changes to their positions in FCN. Wells Fargo & Company MN boosted its holdings in shares of FTI Consulting by 50.2% in the 3rd quarter. Wells Fargo & Company MN now owns 50,467 shares of the business services provider’s stock worth $1,790,000 after acquiring an additional 16,860 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in FTI Consulting by 4.3% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 343,112 shares of the business services provider’s stock worth $14,741,000 after buying an additional 13,999 shares in the last quarter. Alpha Windward LLC acquired a new position in FTI Consulting during the 4th quarter worth $523,000. Acadian Asset Management LLC acquired a new position in FTI Consulting during the 4th quarter worth $7,022,000. Finally, Fox Run Management L.L.C. acquired a new position in FTI Consulting during the 4th quarter worth $558,000. 97.95% of the stock is currently owned by institutional investors and hedge funds.

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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