FTI Consulting (NYSE:FCN) Hits New 1-Year High at $113.02

FTI Consulting, Inc. (NYSE:FCN)’s share price reached a new 52-week high on Monday . The company traded as high as $113.02 and last traded at $111.89, with a volume of 1321 shares. The stock had previously closed at $112.02.

A number of analysts recently weighed in on the stock. ValuEngine lowered shares of FTI Consulting from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. SunTrust Banks set a $120.00 target price on shares of FTI Consulting and gave the stock a “buy” rating in a report on Friday, July 26th. Finally, Sidoti upped their target price on shares of FTI Consulting from $121.00 to $134.00 and gave the stock a “buy” rating in a report on Thursday, October 10th.

The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.20 and a current ratio of 2.20. The firm has a market cap of $4.19 billion, a PE ratio of 28.08 and a beta of 0.24. The stock’s 50 day simple moving average is $108.38 and its 200 day simple moving average is $93.59.

FTI Consulting (NYSE:FCN) last released its quarterly earnings results 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 net margin of 8.98% and a return on equity of 14.42%. The business had revenue of $606.12 million during the quarter, compared to analysts’ expectations of $528.56 million. During the same quarter in the previous year, the company earned $1.14 EPS. The business’s quarterly revenue was up 18.4% compared to the same quarter last year. As a group, analysts anticipate that FTI Consulting, Inc. will post 5.41 earnings per share for the current year.

In other FTI Consulting news, Director Vernon James Ellis sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $106.88, for a total value of $427,520.00. Following the completion of the transaction, the director now owns 28,093 shares of the company’s stock, valued at approximately $3,002,579.84. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Ajay Sabherwal sold 7,458 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief financial officer now directly owns 10,677 shares of the company’s stock, valued at approximately $1,143,293.16. The disclosure for this sale can be found here. In the last three months, insiders sold 30,338 shares of company stock valued at $3,179,095. Corporate insiders own 2.56% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Huntington National Bank purchased a new stake in shares of FTI Consulting in the 2nd quarter valued at $25,000. Atria Investments LLC purchased a new stake in FTI Consulting during the 2nd quarter valued at $38,000. Meeder Asset Management Inc. purchased a new stake in FTI Consulting during the 2nd quarter valued at $47,000. Carroll Financial Associates Inc. purchased a new stake in FTI Consulting during the 2nd quarter valued at $51,000. Finally, Point72 Asset Management L.P. purchased a new stake in FTI Consulting during the 2nd quarter valued at $59,000. 96.84% of the stock is owned by institutional investors.

FTI Consulting Company Profile (NYSE:FCN)

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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