FTI Consulting (NYSE:FCN – Get Free Report) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided EPS guidance of 7.900-8.350 for the period, compared to the consensus EPS estimate of 8.470. 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 $7.90-$8.35 EPS.
FTI Consulting Trading Down 12.2 %
NYSE:FCN traded down $27.96 during midday trading on Thursday, reaching $201.54. 858,113 shares of the stock traded hands, compared to its average volume of 171,133. The stock has a market capitalization of $7.19 billion, a P/E ratio of 23.43 and a beta of 0.10. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.20 and a current ratio of 2.20. The company has a fifty day moving average of $224.17 and a 200 day moving average of $219.29. FTI Consulting has a 12 month low of $182.67 and a 12 month high of $243.60.
FTI Consulting (NYSE:FCN – Get Free Report) last posted its earnings results on Thursday, October 24th. The business services provider reported $1.85 earnings per share for the quarter, missing analysts’ consensus estimates of $2.06 by ($0.21). FTI Consulting had a return on equity of 16.34% and a net margin of 8.90%. The firm had revenue of $926.00 million for the quarter, compared to analysts’ expectations of $946.16 million. During the same quarter in the prior year, the company posted $2.34 earnings per share. The business’s revenue for the quarter was up 3.7% on a year-over-year basis. On average, research analysts predict that FTI Consulting will post 8.48 EPS for the current year.
Analyst Ratings Changes
View Our Latest Research Report on FTI Consulting
Insider Buying and Selling
In related news, Director Mark S. Bartlett sold 2,000 shares of the stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $227.12, for a total value of $454,240.00. Following the completion of the transaction, the director now directly owns 26,099 shares in the company, valued at $5,927,604.88. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.51% of the stock is owned by 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.
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