Somewhat Positive Media Coverage Somewhat Unlikely to Affect FTI Consulting (FCN) Stock Price
News headlines about FTI Consulting (NYSE:FCN) have trended somewhat positive this week, Accern reports. The research group identifies negative and positive news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. FTI Consulting earned a coverage optimism score of 0.11 on Accern’s scale. Accern also assigned news articles about the business services provider an impact score of 47.9889595121285 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the media stories that may have impacted Accern’s scoring:
- FTI Consulting, Inc. (FCN) Given Average Rating of “Hold” by Brokerages (americanbankingnews.com)
- ETFs with exposure to FTI Consulting, Inc. : August 11, 2017 (finance.yahoo.com)
- Systematic Financial Management Lp Bought A Lot More FTI Consulting, Inc. (FCN) Stock In The Last Quarter (highlightpress.com)
- FTI Capital Advisors Expands Presence to Canada (finance.yahoo.com)
FTI Consulting (NYSE:FCN) opened at 32.98 on Friday. The company has a market cap of $1.30 billion, a price-to-earnings ratio of 36.08 and a beta of 0.28. FTI Consulting has a 12 month low of $31.65 and a 12 month high of $47.12. The stock has a 50 day moving average price of $33.48 and a 200 day moving average price of $37.43.
FTI Consulting (NYSE:FCN) last issued its quarterly earnings data on Thursday, July 27th. The business services provider reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by $0.13. The business had revenue of $447.70 million during the quarter, compared to the consensus estimate of $455.55 million. FTI Consulting had a return on equity of 5.18% and a net margin of 2.13%. The business’s quarterly revenue was down 2.7% on a year-over-year basis. During the same period last year, the firm earned $0.66 EPS. Analysts anticipate that FTI Consulting will post $1.87 earnings per share for the current fiscal year.
FTI Consulting declared that its Board of Directors has approved a share repurchase program on Friday, May 19th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the business services provider to reacquire up to 7.1% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s leadership believes its stock is undervalued.
Several brokerages have recently issued reports on FCN. Deutsche Bank AG decreased their target price on FTI Consulting from $47.00 to $38.00 and set a “hold” rating for the company in a research report on Friday, April 28th. Zacks Investment Research lowered FTI Consulting from a “hold” rating to a “sell” rating in a research report on Tuesday, April 18th. Finally, BidaskClub lowered FTI Consulting from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Two research analysts have rated the stock with a sell rating and three have given a hold rating to the company. The company has an average rating of “Hold” and an average price target of $43.00.
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FTI Consulting Company Profile
FTI Consulting, Inc is a business advisory company. The Company operates through five segments: Corporate Finance & Restructuring, Forensic and Litigation Consulting, Economic Consulting, Technology and Strategic Communications. The Company provides advice and services, such as restructuring (including bankruptcy), capital formation and indebtedness, interim business management, performance improvements, forensic accounting and litigation matters, international arbitrations, mergers and acquisitions (M&A), antitrust and competition matters, securities litigation, electronic discovery (or e-discovery), management and retrieval of electronically stored information (ESI), reputation management and strategic communications.
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