FTI Consulting Inc. (FCN) Trading Up 1.1%
FTI Consulting Inc. (NYSE:FCN) shares were up 1.1% on Tuesday . The stock traded as high as $43.20 and last traded at $42.89, with a volume of 123,890 shares traded. The stock had previously closed at $42.42.
Several research analysts recently weighed in on FCN shares. TheStreet upgraded shares of FTI Consulting from a “hold” rating to a “buy” rating in a research report on Friday, April 29th. Zacks Investment Research upgraded shares of FTI Consulting from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a research report on Tuesday.
The firm has a market capitalization of $1.74 billion and a P/E ratio of 24.70. The company’s 50 day moving average is $41.90 and its 200 day moving average is $37.09.
FTI Consulting (NYSE:FCN) last announced its earnings results on Thursday, April 28th. The company reported $0.83 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.41. During the same period in the prior year, the business posted $0.57 earnings per share. The business had revenue of $470.30 million for the quarter, compared to the consensus estimate of $439.24 million. The firm’s revenue for the quarter was up 8.8% compared to the same quarter last year. On average, equities analysts forecast that FTI Consulting Inc. will post $2.35 earnings per share for the current fiscal year.
In related news, Director Gerard E. Holthaus sold 8,403 shares of the stock in a transaction that occurred on Wednesday, June 8th. The shares were sold at an average price of $43.02, for a total transaction of $361,497.06. Following the sale, the director now owns 69,505 shares in the company, valued at approximately $2,990,105.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Several hedge funds have recently bought and sold shares of the company. Mutual of America Capital Management LLC raised its stake in FTI Consulting by 3.7% in the fourth quarter. Mutual of America Capital Management LLC now owns 29,020 shares of the company’s stock valued at $1,006,000 after buying an additional 1,041 shares in the last quarter. Brandes Investment Partners LP raised its stake in FTI Consulting by 489.8% in the fourth quarter. Brandes Investment Partners LP now owns 35,562 shares of the company’s stock valued at $1,232,000 after buying an additional 29,532 shares in the last quarter. State of Tennessee Treasury Department raised its stake in FTI Consulting by 27.0% in the fourth quarter. State of Tennessee Treasury Department now owns 47,000 shares of the company’s stock valued at $1,629,000 after buying an additional 10,000 shares in the last quarter. Retirement Systems of Alabama raised its stake in FTI Consulting by 1.6% in the fourth quarter. Retirement Systems of Alabama now owns 53,908 shares of the company’s stock valued at $1,868,000 after buying an additional 846 shares in the last quarter. Finally, California State Teachers Retirement System raised its stake in FTI Consulting by 1.5% in the fourth quarter. California State Teachers Retirement System now owns 77,046 shares of the company’s stock valued at $2,670,000 after buying an additional 1,173 shares in the last quarter.
FTI Consulting, Inc (FTI Consulting) is a global business advisory firm. The Company operates through five segments: Corporate Finance/Restructuring, Forensic and Litigation Consulting, Economic Consulting, Technology, and Strategic Communications. The Company assists clients addressing a range of business challenges, such as restructuring (including bankruptcy), financing and credit issues and indebtedness, interim business management, forensic accounting and litigation matters, international arbitrations, merger and acquisitions (M&A), antitrust and competition matters, securities litigation, electronic discovery (e-discovery), management and retrieval of electronically stored information (ESI), reputation management and strategic communications.
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