FTI Consulting (NYSE:FCN) Releases FY 2020 Pre-Market Earnings Guidance

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.

FCN has been the topic of a number of recent research reports. Sidoti upgraded shares of FTI Consulting from a neutral rating to a buy rating and upped their price objective for the stock from $152.00 to $171.00 in a report on Friday, May 1st. William Blair upgraded shares of FTI Consulting from a market perform rating to an outperform rating in a report on Monday, April 6th. Finally, Zacks Investment Research downgraded shares of FTI Consulting from a hold rating to a sell rating and set a $122.00 price target for the company. in a research report on Monday, June 8th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. The stock has a consensus rating of Hold and an average price target of $149.33.

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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Earnings History and Estimates for FTI Consulting (NYSE:FCN)

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