Brokerages predict that FTI Consulting, Inc. (NYSE:FCN) will announce $678.37 million in sales for the current fiscal quarter, according to Zacks. Two analysts have made estimates for FTI Consulting’s earnings. The highest sales estimate is $687.30 million and the lowest is $669.43 million. FTI Consulting reported sales of $622.25 million during the same quarter last year, which indicates a positive year-over-year growth rate of 9%. The firm is scheduled to report its next earnings report before the market opens on Thursday, October 28th.
On average, analysts expect that FTI Consulting will report full year sales of $2.75 billion for the current fiscal year. For the next year, analysts anticipate that the business will post sales of $2.92 billion, with estimates ranging from $2.85 billion to $2.98 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for FTI Consulting.
FTI Consulting (NYSE:FCN) last issued its quarterly earnings results on Thursday, July 29th. The business services provider reported $1.74 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.52 by $0.22. The firm had revenue of $711.49 million during the quarter, compared to analyst estimates of $644.50 million. FTI Consulting had a return on equity of 16.75% and a net margin of 8.81%.
In related news, Director Brenda J. Bacon sold 7,500 shares of the business’s stock in a transaction on Monday, August 2nd. The stock was sold at an average price of $144.26, for a total transaction of $1,081,950.00. Following the transaction, the director now directly owns 16,248 shares in the company, valued at approximately $2,343,936.48. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 3.32% of the stock is owned by insiders.
A number of hedge funds have recently made changes to their positions in the stock. Principal Financial Group Inc. lifted its position in FTI Consulting by 11.6% during the 1st quarter. Principal Financial Group Inc. now owns 117,805 shares of the business services provider’s stock worth $16,506,000 after acquiring an additional 12,216 shares during the period. Russell Investments Group Ltd. lifted its position in FTI Consulting by 220.4% during the 1st quarter. Russell Investments Group Ltd. now owns 11,526 shares of the business services provider’s stock worth $1,612,000 after acquiring an additional 7,929 shares during the period. Peregrine Capital Management LLC lifted its position in FTI Consulting by 5.3% during the 1st quarter. Peregrine Capital Management LLC now owns 107,680 shares of the business services provider’s stock worth $15,087,000 after acquiring an additional 5,400 shares during the period. Teacher Retirement System of Texas lifted its position in FTI Consulting by 21.9% during the 1st quarter. Teacher Retirement System of Texas now owns 4,153 shares of the business services provider’s stock worth $582,000 after acquiring an additional 747 shares during the period. Finally, Perpetual Investment Management Ltd lifted its position in FTI Consulting by 30.8% during the 1st quarter. Perpetual Investment Management Ltd now owns 79,059 shares of the business services provider’s stock worth $11,077,000 after acquiring an additional 18,600 shares during the period.
Shares of NYSE:FCN traded up $1.93 on Wednesday, reaching $142.30. The company had a trading volume of 132,702 shares, compared to its average volume of 310,746. FTI Consulting has a 52-week low of $94.87 and a 52-week high of $147.38. The firm’s 50 day simple moving average is $139.22 and its 200-day simple moving average is $139.71. The firm has a market capitalization of $4.88 billion, a PE ratio of 21.50 and a beta of 0.41. The company has a current ratio of 2.16, a quick ratio of 2.16 and a debt-to-equity ratio of 0.26.
About FTI Consulting
FTI Consulting, Inc engages in the provision of financial, legal, operational, political and regulatory, reputational and transactional advisory services. It operates through the following segments: Corporate Finance and Restructuring, Forensic and Litigation Consulting, Economic Consulting, Technology, and Strategic Communications.
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