FTI Consulting (NYSE:FCN) Releases FY 2020 Pre-Market Earnings Guidance

FTI Consulting (NYSE:FCN) updated its FY 2020
Pre-Market earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 5.50-6.00 for the period, compared to the Thomson Reuters consensus estimate of $5.73. The company issued revenue guidance of $2.45-2.55 billion, compared to the consensus revenue estimate of $2.4 billion.FTI Consulting also updated its FY20 guidance to $5.50-6.00 EPS.

Several research firms have recently issued reports on FCN. ValuEngine upgraded FTI Consulting from a strong sell rating to a sell rating in a report on Wednesday, January 29th. SunTrust Banks reiterated a buy rating and issued a $155.00 target price on shares of FTI Consulting in a report on Friday, January 17th.

FTI Consulting stock traded up $5.38 during midday trading on Wednesday, reaching $115.40. The stock had a trading volume of 494,750 shares, compared to its average volume of 223,007. FTI Consulting has a twelve month low of $72.05 and a twelve month high of $130.01. The stock has a market capitalization of $4.44 billion, a PE ratio of 20.87 and a beta of 0.22. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.00 and a current ratio of 2.00. The stock’s 50-day simple moving average is $120.24 and its 200 day simple moving average is $111.65.

FTI Consulting (NYSE:FCN) last issued its earnings results on Tuesday, February 25th. The business services provider reported $0.80 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.93 by ($0.13). FTI Consulting had a net margin of 9.37% and a return on equity of 15.79%. The firm had revenue of $602.20 million during the quarter, compared to analyst estimates of $530.19 million. During the same quarter in the previous year, the business posted $0.83 EPS. FTI Consulting’s revenue was up 19.2% compared to the same quarter last year. Equities analysts predict that FTI Consulting will post 5.85 earnings per share for the current fiscal year.

In related news, Director Gerard E. Holthaus sold 5,000 shares of FTI Consulting stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $111.69, for a total value of $558,450.00. 2.56% of the stock is currently owned by company insiders.

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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