FTI Consulting, Inc. to Post Q2 2019 Earnings of $1.11 Per Share, William Blair Forecasts (FCN)

FTI Consulting, Inc. (NYSE:FCN) – William Blair raised their Q2 2019 earnings per share (EPS) estimates for FTI Consulting in a report issued on Thursday, April 25th, Zacks Investment Research reports. William Blair analyst T. Mchugh now expects that the business services provider will post earnings of $1.11 per share for the quarter, up from their previous estimate of $1.06. William Blair also issued estimates for FTI Consulting’s Q2 2020 earnings at $1.18 EPS.

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

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

FTI Consulting stock traded up $0.57 during mid-day trading on Monday, hitting $81.61. 109,691 shares of the company were exchanged, compared to its average volume of 301,782. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.35 and a current ratio of 2.35. The company has a market capitalization of $3.06 billion, a price-to-earnings ratio of 20.40 and a beta of 0.29. FTI Consulting has a 12-month low of $59.06 and a 12-month high of $86.47.

Several large investors have recently made changes to their positions in FCN. PRW Wealth Management LLC purchased a new stake in shares of FTI Consulting in the first quarter valued at $46,000. Premia Global Advisors LLC purchased a new stake in shares of FTI Consulting in the first quarter valued at $51,000. Fort L.P. purchased a new stake in shares of FTI Consulting in the first quarter valued at $88,000. Marshall Wace North America L.P. grew its position in shares of FTI Consulting by 27.0% in the first quarter. Marshall Wace North America L.P. now owns 1,323 shares of the business services provider’s stock valued at $101,000 after purchasing an additional 281 shares during the period. Finally, Bank of Montreal Can grew its position in shares of FTI Consulting by 37.4% in the fourth quarter. Bank of Montreal Can now owns 1,936 shares of the business services provider’s stock valued at $128,000 after purchasing an additional 527 shares during the period. 98.15% of the stock is owned by institutional investors and hedge funds.

In other FTI Consulting news, insider Holly Paul sold 9,574 shares of the firm’s stock in a transaction on Friday, April 26th. The stock was 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 owns 25,792 shares of the company’s stock, valued at $2,177,102.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.19% 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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