Insider Selling: David G. Bannister Unloads 3,850 Shares of FTI Consulting Stock (FCN)
FTI Consulting (NYSE:FCN) EVP David G. Bannister sold 3,850 shares of the stock on the open market in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $37.08, for a total value of $142,758.00. Following the completion of the transaction, the executive vice president now directly owns 12,515 shares of the company’s stock, valued at approximately $464,056. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of FTI Consulting (NYSE:FCN) traded up 1.01% on Thursday, hitting $37.05. The stock had a trading volume of 159,430 shares. FTI Consulting has a one year low of $28.23 and a one year high of $46.73. The stock has a 50-day moving average of $37. and a 200-day moving average of $33.96. The company’s market cap is $1.470 billion.
FTI Consulting (NYSE:FCN) last posted its quarterly 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. Analysts expect that FTI Consulting will post $1.71 EPS for the current fiscal year.
FCN has been the subject of a number of recent research reports. 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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