FTI Consulting, Inc. (FCN) Expected to Post Earnings of $0.95 Per Share

Analysts expect FTI Consulting, Inc. (NYSE:FCN) to announce $0.95 earnings per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for FTI Consulting’s earnings, with estimates ranging from $0.79 to $1.11. FTI Consulting reported earnings of $1.14 per share during the same quarter last year, which would indicate a negative year over year growth rate of 16.7%. The firm is expected to issue its next earnings results on Thursday, July 25th.

On average, analysts expect that FTI Consulting will report full-year earnings of $4.24 per share for the current year, with EPS estimates ranging from $3.97 to $4.50. For the next fiscal year, analysts forecast that the company will post earnings of $4.31 per share, with EPS estimates ranging from $3.95 to $4.66. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that follow FTI Consulting.

FTI Consulting (NYSE:FCN) last posted its earnings results on Thursday, April 25th. The business services provider reported $1.63 EPS for the quarter, beating the consensus estimate of $1.00 by $0.63. FTI Consulting had a return on equity of 13.13% and a net margin of 8.37%. The firm had revenue of $551.27 million for the quarter, compared to analysts’ expectations of $517.69 million. During the same period last year, the firm earned $1.04 EPS. The firm’s revenue was up 10.7% compared to the same quarter last year.

Several analysts recently commented on FCN shares. SunTrust Banks raised their target price on FTI Consulting to $88.00 and gave the company a “hold” rating in a research report on Tuesday, April 30th. Zacks Investment Research raised shares of FTI Consulting from a “hold” rating to a “buy” rating and set a $77.00 target price for the company in a research note on Friday, January 18th. Finally, ValuEngine downgraded shares of FTI Consulting from a “buy” rating to a “hold” rating in a research note on Friday, April 26th.

FCN traded down $0.59 during trading hours on Friday, hitting $82.73. The company’s stock had a trading volume of 577 shares, compared to its average volume of 309,876. FTI Consulting has a fifty-two week low of $58.61 and a fifty-two week high of $86.47. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.35 and a quick ratio of 2.35. The stock has a market cap of $3.22 billion, a P/E ratio of 20.77 and a beta of 0.29.

In other news, insider Holly Paul sold 9,574 shares of the stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $84.41, for a total transaction of $808,141.34. Following the completion of the transaction, the insider now directly owns 25,792 shares in the company, valued at approximately $2,177,102.72. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 2.19% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Bank of Montreal Can boosted its stake in shares of FTI Consulting by 6.3% during the first quarter. Bank of Montreal Can now owns 2,058 shares of the business services provider’s stock valued at $159,000 after purchasing an additional 122 shares during the period. Mason Street Advisors LLC lifted its position in shares of FTI Consulting by 2.0% in the first quarter. Mason Street Advisors LLC now owns 12,160 shares of the business services provider’s stock valued at $934,000 after acquiring an additional 239 shares in the last quarter. Oregon Public Employees Retirement Fund increased its stake in FTI Consulting by 1.8% in the first quarter. Oregon Public Employees Retirement Fund now owns 14,866 shares of the business services provider’s stock valued at $1,142,000 after purchasing an additional 269 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in FTI Consulting by 1.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 18,030 shares of the business services provider’s stock valued at $1,202,000 after purchasing an additional 304 shares during the last quarter. Finally, Piedmont Investment Advisors Inc. increased its stake in FTI Consulting by 3.8% in the fourth quarter. Piedmont Investment Advisors Inc. now owns 9,128 shares of the business services provider’s stock valued at $608,000 after purchasing an additional 332 shares during the last quarter. Institutional investors own 99.55% of the company’s stock.

FTI Consulting Company Profile

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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