FTI Consulting (NYSE:FCN) Issues FY 2024 Earnings Guidance

FTI Consulting (NYSE:FCN) updated its FY 2024 earnings guidance on Thursday. The company provided EPS guidance of 8.100-8.600 for the period, compared to the consensus EPS estimate of 8.450. The company issued revenue guidance of $3.7 billion-$3.8 billion, compared to the consensus revenue estimate of $3.8 billion. FTI Consulting also updated its FY24 guidance to $8.10-8.60 EPS.

Wall Street Analyst Weigh In

A number of research firms have weighed in on FCN. StockNews.com raised shares of FTI Consulting from a hold rating to a buy rating in a research report on Thursday. William Blair reissued an outperform rating on shares of FTI Consulting in a research report on Tuesday, June 25th.

FTI Consulting Stock Performance

Shares of NYSE:FCN traded down $0.24 on Friday, hitting $225.40. 214,474 shares of the company were exchanged, compared to its average volume of 183,450. The company’s 50 day moving average price is $217.45 and its two-hundred day moving average price is $209.64. FTI Consulting has a one year low of $171.81 and a one year high of $243.60. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.46 and a current ratio of 2.46. The firm has a market capitalization of $8.05 billion, a price-to-earnings ratio of 26.21 and a beta of 0.09.

FTI Consulting (NYSE:FCN) last posted its quarterly earnings data on Thursday, July 25th. The business services provider reported $2.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.96 by $0.38. FTI Consulting had a net margin of 8.51% and a return on equity of 15.97%. The company had revenue of $949.16 million for the quarter, compared to the consensus estimate of $938.67 million. During the same quarter in the previous year, the firm posted $1.75 EPS. The business’s revenue was up 9.8% compared to the same quarter last year. Research analysts expect that FTI Consulting will post 8.3 earnings per share for the current year.

Insider Transactions at FTI Consulting

In related news, insider Paul Alderman Linton sold 16,552 shares of the company’s stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $216.78, for a total value of $3,588,142.56. Following the sale, the insider now owns 53,416 shares of the company’s stock, valued at $11,579,520.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, insider Paul Alderman Linton sold 16,552 shares of the company’s stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $216.78, for a total value of $3,588,142.56. Following the sale, the insider now owns 53,416 shares of the company’s stock, valued at $11,579,520.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Ajay Sabherwal sold 596 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $226.13, for a total transaction of $134,773.48. Following the completion of the sale, the chief financial officer now directly owns 13,455 shares in the company, valued at approximately $3,042,579.15. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 51,088 shares of company stock worth $11,163,977. 2.51% 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 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.