Analysts expect that FTI Consulting, Inc. (NYSE:FCN) will report sales of $521.26 million for the current fiscal quarter, according to Zacks. Two analysts have made 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 expected to announce its next quarterly earnings report on Thursday, July 25th.
According to Zacks, analysts expect that FTI Consulting will report full-year sales of $2.12 billion for the current fiscal year, with estimates ranging from $2.10 billion to $2.13 billion. For the next year, analysts forecast that the company will report 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 sell-side research analysts that follow FTI Consulting.
FTI Consulting (NYSE:FCN) last announced 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. FTI Consulting had a net margin of 8.37% and a return on equity of 13.13%. The firm had revenue of $551.27 million for the quarter, compared to analysts’ expectations of $517.69 million. During the same quarter in the previous year, the business posted $1.04 EPS. The company’s quarterly revenue was up 10.7% on a year-over-year basis.
In other news, insider Holly Paul sold 9,574 shares of the stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $84.41, for a total value of $808,141.34. Following the transaction, the insider now owns 25,792 shares in the company, valued at approximately $2,177,102.72. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 2.19% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in FCN. Bank of Montreal Can lifted its stake in FTI Consulting by 37.4% during the 4th quarter. Bank of Montreal Can now owns 1,936 shares of the business services provider’s stock worth $128,000 after acquiring an additional 527 shares in the last quarter. AdvisorNet Financial Inc bought a new stake in shares of FTI Consulting during the 4th quarter worth approximately $131,000. Magnus Financial Group LLC bought a new position in FTI Consulting in the 4th quarter valued at approximately $207,000. Oppenheimer & Co. Inc. acquired a new position in FTI Consulting in the 1st quarter valued at approximately $253,000. Finally, Quantamental Technologies LLC acquired a new position in FTI Consulting in the 1st quarter valued at approximately $254,000. Institutional investors and hedge funds own 99.55% of the company’s stock.
FTI Consulting stock traded down $0.59 during midday trading on Friday, reaching $82.73. The stock had a trading volume of 577 shares, compared to its average volume of 309,876. FTI Consulting has a twelve month low of $58.61 and a twelve month high of $86.47. The stock has a market capitalization of $3.22 billion, a P/E ratio of 20.77 and a beta of 0.29. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.19.
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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