FTI Consulting Inc. Expected to Post Q3 2016 Earnings of $0.57 Per Share (FCN)
FTI Consulting Inc. (NYSE:FCN) – Stock analysts at Avondale Partners issued their Q3 2016 earnings per share estimates for shares of FTI Consulting in a report issued on Thursday. Avondale Partners analyst R. Reece anticipates that the firm will post earnings per share of $0.57 for the quarter.
A number of other research analysts have also recently issued reports on the stock. 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 report on Tuesday, July 19th. Deutsche Bank AG started coverage on shares of FTI Consulting in a report on Wednesday, August 17th. They set a “hold” rating and a $44.00 price objective for the company.
FTI Consulting (NYSE:FCN) opened at 44.06 on Monday. The stock’s 50 day moving average is $43.76 and its 200-day moving average is $41.30. FTI Consulting has a 12-month low of $29.91 and a 12-month high of $45.85. The company has a market cap of $1.80 billion, a P/E ratio of 23.73 and a beta of 0.29.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. boosted its position in FTI Consulting by 176.3% in the second quarter. PNC Financial Services Group Inc. now owns 2,456 shares of the company’s stock valued at $101,000 after buying an additional 1,567 shares during the period. LS Investment Advisors LLC boosted its position in FTI Consulting by 72.2% in the second quarter. LS Investment Advisors LLC now owns 2,524 shares of the company’s stock valued at $103,000 after buying an additional 1,058 shares during the period. Tower Research Capital LLC TRC bought a new position in FTI Consulting during the second quarter valued at $105,000. Credit Agricole S A bought a new position in FTI Consulting during the first quarter valued at $123,000. Finally, Acrospire Investment Management LLC boosted its position in FTI Consulting by 143.8% in the second quarter. Acrospire Investment Management LLC now owns 3,900 shares of the company’s stock valued at $159,000 after buying an additional 2,300 shares during the period. Institutional investors own 93.54% of the company’s stock.
In related news, insider Holly Paul sold 598 shares of the business’s stock in a transaction that occurred on Friday, September 9th. The shares were sold at an average price of $43.42, for a total transaction of $25,965.16. Following the completion of the transaction, the insider now owns 5,449 shares in the company, valued at $236,595.58. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.03% of the company’s stock.
FTI Consulting Company Profile
FTI Consulting, Inc (FTI Consulting) is a business advisory firm. The Company operates through five segments: Corporate Finance & Restructuring, Forensic and Litigation Consulting, Economic Consulting, Technology and Strategic Communications. Its Corporate Finance & Restructuring segment focuses on strategic, operational, financial and capital needs of businesses around the world.
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