Avondale Partners Comments on FTI Consulting Inc.’s Q3 2016 Earnings (FCN)
FTI Consulting Inc. (NYSE:FCN) – Investment analysts at Avondale Partners issued their Q3 2016 earnings per share (EPS) estimates for shares of FTI Consulting in a research note issued to investors on Thursday. Avondale Partners analyst R. Reece expects that the firm will post earnings per share of $0.57 for the quarter.
A number of other equities analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of FTI Consulting from a “hold” rating to a “sell” rating in a research note on Wednesday, September 21st. Deutsche Bank AG initiated coverage on shares of FTI Consulting in a research note on Wednesday, August 17th. They set a “hold” rating and a $44.00 target price for the company.
Shares of FTI Consulting (NYSE:FCN) opened at 43.36 on Monday. The company has a 50-day moving average of $43.73 and a 200 day moving average of $41.13. The firm has a market capitalization of $1.77 billion, a P/E ratio of 23.35 and a beta of 0.29. FTI Consulting has a 52 week low of $29.91 and a 52 week high of $45.87.
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In other FTI Consulting news, insider Holly Paul sold 598 shares of FTI Consulting stock in a transaction on Friday, September 9th. The shares were sold at an average price of $43.42, for a total value of $25,965.16. Following the completion of the sale, the insider now directly owns 5,449 shares of the company’s stock, valued at $236,595.58. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.03% of the stock is currently owned by company insiders.
Large investors have recently bought and sold shares of the stock. Wellington Management Group LLP increased its stake in FTI Consulting by 20.6% in the first quarter. Wellington Management Group LLP now owns 3,057,908 shares of the company’s stock valued at $108,585,000 after buying an additional 521,317 shares during the period. BlackRock Institutional Trust Company N.A. increased its stake in FTI Consulting by 1.8% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,224,322 shares of the company’s stock valued at $43,476,000 after buying an additional 22,024 shares during the last quarter. State Street Corp increased its stake in FTI Consulting by 1.0% in the first quarter. State Street Corp now owns 1,258,846 shares of the company’s stock valued at $44,705,000 after buying an additional 11,972 shares during the last quarter. William Blair Investment Management LLC increased its stake in FTI Consulting by 6.4% in the second quarter. William Blair Investment Management LLC now owns 371,211 shares of the company’s stock valued at $15,101,000 after buying an additional 22,179 shares during the last quarter. Finally, Nationwide Fund Advisors increased its stake in FTI Consulting by 2.4% in the second quarter. Nationwide Fund Advisors now owns 106,918 shares of the company’s stock valued at $4,349,000 after buying an additional 2,534 shares during the last quarter. 93.54% of the stock is owned by hedge funds and other institutional investors.
About FTI Consulting
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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