Analysts expect that FTI Consulting, Inc. (NYSE:FCN) will report sales of $521.26 million for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for FTI Consulting’s earnings. The lowest sales estimate is $508.92 million and the highest is $533.60 million. FTI Consulting posted sales of $512.10 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 1.8%. The company is scheduled to report its next quarterly earnings report on Thursday, July 25th.
On average, analysts expect that FTI Consulting will report full year sales of $2.12 billion for the current financial year, with estimates ranging from $2.10 billion to $2.13 billion. For the next year, analysts forecast that the company will post sales of $2.17 billion, with estimates ranging from $2.12 billion to $2.21 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover FTI Consulting.
FTI Consulting (NYSE:FCN) last issued its earnings results on Thursday, April 25th. The business services provider reported $1.63 EPS for the quarter, beating the Zacks’ consensus estimate of $1.00 by $0.63. The company had revenue of $551.27 million during the quarter, compared to the consensus estimate of $517.69 million. FTI Consulting had a return on equity of 13.13% and a net margin of 8.37%. FTI Consulting’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.04 earnings per share.
Several research analysts have issued reports on FCN shares. ValuEngine lowered shares of FTI Consulting from a “buy” rating to a “hold” rating in a research report on Friday, April 26th. SunTrust Banks lifted their price objective on shares of FTI Consulting to $88.00 and gave the stock a “hold” rating in a research report on Tuesday, April 30th.
NYSE:FCN traded up $2.19 during midday trading on Thursday, hitting $84.00. 223,200 shares of the stock were exchanged, compared to its average volume of 280,328. FTI Consulting has a one year low of $59.06 and a one year high of $87.34. The company has a market cap of $3.21 billion, a P/E ratio of 20.85 and a beta of 0.32. The company’s 50-day moving average price is $83.30. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.35 and a quick ratio of 2.35.
In other FTI Consulting news, Director Gerard E. Holthaus sold 10,000 shares of the company’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $86.75, for a total transaction of $867,500.00. Following the sale, the director now directly owns 77,759 shares of the company’s stock, valued at $6,745,593.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Gerard E. Holthaus sold 8,884 shares of the company’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $86.82, for a total transaction of $771,308.88. Following the sale, the director now directly owns 77,759 shares in the company, valued at $6,751,036.38. The disclosure for this sale can be found here. Insiders have sold 28,458 shares of company stock valued at $2,446,950 in the last ninety days. 2.19% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. raised its holdings in FTI Consulting by 2.4% in the fourth quarter. BlackRock Inc. now owns 5,678,229 shares of the business services provider’s stock worth $378,396,000 after purchasing an additional 131,504 shares during the period. FMR LLC grew its position in shares of FTI Consulting by 12.5% in the 1st quarter. FMR LLC now owns 3,544,813 shares of the business services provider’s stock valued at $272,313,000 after acquiring an additional 392,686 shares during the period. Norges Bank bought a new position in shares of FTI Consulting in the 4th quarter valued at about $57,466,000. Boston Partners grew its position in shares of FTI Consulting by 2.5% in the 1st quarter. Boston Partners now owns 713,840 shares of the business services provider’s stock valued at $54,838,000 after acquiring an additional 17,373 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in shares of FTI Consulting by 0.5% during the 4th quarter. Bank of New York Mellon Corp now owns 496,498 shares of the business services provider’s stock worth $33,086,000 after buying an additional 2,349 shares during the last quarter. Institutional investors and hedge funds own 96.76% of the company’s stock.
About FTI Consulting
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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