FTI Consulting (NYSE:FCN) issued an update on its FY 2020
Pre-Market earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 5.50-6.00 for the period, compared to the Thomson Reuters consensus estimate of $5.45. The company issued revenue guidance of $2.45-2.55 billion, compared to the consensus revenue estimate of $2.41 billion.FTI Consulting also updated its FY20 guidance to $5.50-6.00 EPS.
Shares of NYSE FCN opened at $119.44 on Friday. FTI Consulting has a 1 year low of $100.09 and a 1 year high of $144.10. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.18 and a quick ratio of 2.36. The company’s 50-day moving average is $110.93 and its 200 day moving average is $118.78. The stock has a market capitalization of $4.43 billion, a P/E ratio of 23.37 and a beta of 0.24.
FTI Consulting (NYSE:FCN) last announced its quarterly earnings data on Thursday, July 30th. The business services provider reported $1.32 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.04 by $0.28. The business had revenue of $607.85 million for the quarter, compared to analysts’ expectations of $564.02 million. FTI Consulting had a net margin of 8.07% and a return on equity of 13.63%. The business’s revenue was up .3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.73 earnings per share. Research analysts anticipate that FTI Consulting will post 5.61 earnings per share for the current year.
In other news, Director Vernon James Ellis sold 3,000 shares of the business’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $120.00, for a total value of $360,000.00. Following the completion of the transaction, the director now owns 8,267 shares in the company, valued at $992,040. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.19% 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'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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