FTI Consulting (NYSE:FCN) Releases FY24 Earnings Guidance

FTI Consulting (NYSE:FCN) updated its FY24 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $7.90-$8.35 for the period, compared to the consensus estimate of $8.53. The company issued revenue guidance of $3.70-$3.75 billion, compared to the consensus revenue estimate of $3.76 billion. FTI Consulting also updated its FY 2024 guidance to 7.900-8.350 EPS.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on FCN. Truist Financial lifted their target price on FTI Consulting from $255.00 to $275.00 and gave the company a “buy” rating in a research report on Wednesday, September 25th. StockNews.com raised FTI Consulting from a “hold” rating to a “buy” rating in a research report on Thursday, July 25th.

FTI Consulting Stock Up 0.0 %

Shares of NYSE:FCN opened at $229.51 on Thursday. The business’s 50 day moving average is $224.60 and its 200 day moving average is $219.42. The stock has a market cap of $8.19 billion, a price-to-earnings ratio of 26.69 and a beta of 0.10. FTI Consulting has a 12-month low of $181.25 and a 12-month high of $243.60. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.03.

FTI Consulting (NYSE:FCN) last issued its quarterly earnings results on Thursday, October 24th. The business services provider reported $1.85 EPS for the quarter, missing analysts’ consensus estimates of $2.06 by ($0.21). The business had revenue of $926.00 million for the quarter, compared to the consensus estimate of $946.16 million. FTI Consulting had a return on equity of 16.34% and a net margin of 8.90%. The business’s revenue was up 3.7% compared to the same quarter last year. During the same quarter last year, the business posted $2.34 earnings per share. On average, sell-side analysts forecast that FTI Consulting will post 8.48 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Mark S. Bartlett sold 2,000 shares of FTI Consulting stock in a transaction on Friday, July 26th. The stock was sold at an average price of $227.12, for a total transaction of $454,240.00. Following the sale, the director now directly owns 26,099 shares in the company, valued at approximately $5,927,604.88. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.51% of the stock is currently owned by corporate insiders.

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.