FTI Consulting EVP Sells $883,440 in Stock (FCN)
FTI Consulting (NYSE:FCN) EVP David G. Bannister unloaded 24,000 shares of FTI Consulting stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $36.81, for a total value of $883,440.00. Following the sale, the executive vice president now directly owns 27,315 shares in the company, valued at approximately $1,005,465. The transaction was disclosed in a filing with the SEC, which is available at this link.
FTI Consulting (NYSE:FCN) traded down 0.68% on Thursday, hitting $36.52. The stock had a trading volume of 104,713 shares. FTI Consulting has a 52 week low of $28.23 and a 52 week high of $46.73. The stock has a 50-day moving average of $37.14 and a 200-day moving average of $33.97. The company’s market cap is $1.449 billion.
FTI Consulting (NYSE:FCN) last announced its earnings results on Thursday, July 31st. The company reported $0.55 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.52 by $0.03. The company had revenue of $454.30 million for the quarter, compared to the consensus estimate of $445.34 million. During the same quarter in the prior year, the company posted $0.58 earnings per share. The company’s quarterly revenue was up 9.6% on a year-over-year basis. On average, analysts predict that FTI Consulting will post $1.71 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of FTI Consulting in a research note on Monday, August 4th. They now have a $39.00 price target on the stock. Separately, analysts at Macquarie upgraded shares of FTI Consulting from a “neutral” rating to an “outperform” rating in a research note on Monday, June 23rd. Finally, analysts at Deutsche Bank raised their price target on shares of FTI Consulting from $30.00 to $36.00 in a research note on Tuesday, June 17th. They now have a “hold” rating on the stock.
FTI Consulting, Inc (NYSE:FCN) is a global business advisory firm.
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