FTI Consulting (NYSE:FCN – Get Free Report) released its earnings results on Thursday. The business services provider reported $2.23 EPS for the quarter, beating the consensus estimate of $1.76 by $0.47, Briefing.com reports. FTI Consulting had a net margin of 7.88% and a return on equity of 14.94%. The business had revenue of $928.60 million during the quarter, compared to analyst estimates of $901.77 million. During the same period in the prior year, the business earned $1.34 earnings per share. The business’s quarterly revenue was up 15.1% on a year-over-year basis.
FTI Consulting Stock Down 1.8 %
Shares of FCN stock traded down $3.95 during trading hours on Friday, reaching $211.36. 388,099 shares of the stock traded hands, compared to its average volume of 204,989. FTI Consulting has a 1-year low of $167.39 and a 1-year high of $232.15. The business has a fifty day moving average price of $207.20 and a 200 day moving average price of $205.27. The firm has a market capitalization of $7.53 billion, a PE ratio of 27.57 and a beta of 0.11.
Insider Activity
In other FTI Consulting news, insider Paul Alderman Linton sold 27,000 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $206.10, for a total value of $5,564,700.00. Following the transaction, the insider now owns 44,284 shares in the company, valued at approximately $9,126,932.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other FTI Consulting news, General Counsel Curtis P. Lu sold 2,656 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $217.08, for a total value of $576,564.48. Following the completion of the sale, the general counsel now directly owns 29,190 shares of the company’s stock, valued at $6,336,565.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Paul Alderman Linton sold 27,000 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $206.10, for a total transaction of $5,564,700.00. Following the completion of the sale, the insider now directly owns 44,284 shares of the company’s stock, valued at $9,126,932.40. The disclosure for this sale can be found here. Insiders have sold 36,715 shares of company stock worth $7,617,513 over the last 90 days. 3.34% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
View Our Latest Analysis on FCN
FTI Consulting Company Profile
FTI Consulting, Inc provides business advisory services to manage change, mitigate risk, and resolve disputes worldwide. The company operates through Corporate Finance & Restructuring, Forensic and Litigation Consulting, Economic Consulting, Technology, and Strategic Communications segments. The Corporate Finance & Restructuring segment provides business transformation and strategy, transactions, and turnaround and restructuring services.
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