Analysts Expect FTI Consulting, Inc. (NYSE:FCN) to Post $1.03 EPS

Analysts forecast that FTI Consulting, Inc. (NYSE:FCN) will report earnings of $1.03 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for FTI Consulting’s earnings, with estimates ranging from $0.98 to $1.08. FTI Consulting posted earnings of $1.00 per share in the same quarter last year, which would suggest a positive year over year growth rate of 3%. The business is scheduled to issue its next earnings report before the market opens on Thursday, October 24th.

On average, analysts expect that FTI Consulting will report full-year earnings of $5.42 per share for the current financial year, with EPS estimates ranging from $5.33 to $5.50. For the next fiscal year, analysts forecast that the business will report earnings of $5.55 per share, with EPS estimates ranging from $5.51 to $5.59. Zacks’ EPS calculations are a mean average based on a survey of research firms that follow FTI Consulting.

FTI Consulting (NYSE:FCN) last announced its quarterly earnings data on Thursday, July 25th. The business services provider reported $1.73 EPS for the quarter, topping the Zacks’ consensus estimate of $0.95 by $0.78. FTI Consulting had a return on equity of 14.42% and a net margin of 8.98%. The firm had revenue of $606.12 million during the quarter, compared to analyst estimates of $528.56 million. During the same period last year, the company posted $1.14 EPS. The business’s quarterly revenue was up 18.4% compared to the same quarter last year.

Several brokerages have recently issued reports on FCN. ValuEngine lowered FTI Consulting from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. SunTrust Banks set a $120.00 price target on FTI Consulting and gave the company a “buy” rating in a report on Friday, July 26th. Finally, Sidoti lifted their price target on FTI Consulting from $121.00 to $134.00 and gave the company a “buy” rating in a report on Thursday.

NYSE FCN traded up $2.38 during trading on Thursday, reaching $109.74. 177,100 shares of the company’s stock were exchanged, compared to its average volume of 266,357. FTI Consulting has a fifty-two week low of $59.06 and a fifty-two week high of $111.63. The firm has a market capitalization of $4.05 billion, a PE ratio of 27.44 and a beta of 0.24. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.20. The company’s fifty day simple moving average is $107.50 and its 200-day simple moving average is $92.17.

In other news, CFO Ajay Sabherwal sold 7,458 shares of FTI Consulting stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $107.08, for a total transaction of $798,602.64. Following the completion of the sale, the chief financial officer now directly owns 10,677 shares in the company, valued at approximately $1,143,293.16. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Brenda J. Bacon sold 9,989 shares of FTI Consulting stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $103.03, for a total value of $1,029,166.67. Following the sale, the director now owns 26,644 shares of the company’s stock, valued at $2,745,131.32. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 30,338 shares of company stock valued at $3,179,095. 2.19% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Stone Ridge Asset Management LLC lifted its holdings in FTI Consulting by 0.9% in the 2nd quarter. Stone Ridge Asset Management LLC now owns 11,167 shares of the business services provider’s stock worth $936,000 after purchasing an additional 100 shares during the last quarter. Signition LP increased its position in FTI Consulting by 0.6% in the 2nd quarter. Signition LP now owns 20,037 shares of the business services provider’s stock worth $1,680,000 after buying an additional 111 shares during the period. Citigroup Inc. increased its position in FTI Consulting by 0.4% in the 1st quarter. Citigroup Inc. now owns 38,591 shares of the business services provider’s stock worth $2,965,000 after buying an additional 151 shares during the period. Jennison Associates LLC increased its position in FTI Consulting by 1.0% in the 2nd quarter. Jennison Associates LLC now owns 16,396 shares of the business services provider’s stock worth $1,375,000 after buying an additional 155 shares during the period. Finally, Metropolitan Life Insurance Co NY increased its position in FTI Consulting by 1.5% in the 1st quarter. Metropolitan Life Insurance Co NY now owns 11,845 shares of the business services provider’s stock worth $909,000 after buying an additional 175 shares during the period. Hedge funds and other institutional investors own 95.75% 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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Earnings History and Estimates for FTI Consulting (NYSE:FCN)

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