FTI Consulting, Inc. (FCN) Expected to Post Earnings of $0.61 Per Share
Brokerages forecast that FTI Consulting, Inc. (NYSE:FCN) will announce $0.61 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for FTI Consulting’s earnings, with estimates ranging from $0.57 to $0.67. FTI Consulting posted earnings per share of $0.52 in the same quarter last year, which would suggest a positive year over year growth rate of 17.3%. The company is scheduled to issue its next earnings report on Thursday, October 26th.
According to Zacks, analysts expect that FTI Consulting will report full year earnings of $1.92 per share for the current financial year, with EPS estimates ranging from $1.90 to $1.95. For the next fiscal year, analysts forecast that the business will post earnings of $2.07 per share, with EPS estimates ranging from $2.00 to $2.17. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that cover FTI Consulting.
FTI Consulting (NYSE:FCN) last issued its earnings results on Thursday, July 27th. The business services provider reported $0.40 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.13). The firm had revenue of $447.70 million during the quarter, compared to analyst estimates of $455.55 million. FTI Consulting had a return on equity of 5.18% and a net margin of 2.13%. FTI Consulting’s revenue was down 2.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.66 EPS.
FCN has been the subject of several recent research reports. BidaskClub cut FTI Consulting from a “hold” rating to a “sell” rating in a report on Friday, June 23rd. Zacks Investment Research cut FTI Consulting from a “hold” rating to a “sell” rating in a report on Friday, July 28th. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company. The company has a consensus rating of “Hold” and an average price target of $43.00.
Shares of FTI Consulting (NYSE FCN) traded down 0.27% on Friday, hitting $36.59. The stock had a trading volume of 360,380 shares. The firm’s 50-day moving average is $34.40 and its 200 day moving average is $35.49. FTI Consulting has a 1-year low of $31.65 and a 1-year high of $47.12. The stock has a market cap of $1.45 billion, a P/E ratio of 40.03 and a beta of 0.28.
A number of institutional investors have recently bought and sold shares of FCN. Public Employees Retirement System of Ohio raised its holdings in shares of FTI Consulting by 12.8% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 4,698 shares of the business services provider’s stock worth $164,000 after buying an additional 533 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of FTI Consulting by 1.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 90,917 shares of the business services provider’s stock worth $3,178,000 after buying an additional 1,033 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of FTI Consulting by 130.3% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 178,224 shares of the business services provider’s stock worth $6,231,000 after buying an additional 100,824 shares in the last quarter. State Street Corp raised its holdings in shares of FTI Consulting by 3.5% in the 2nd quarter. State Street Corp now owns 1,349,945 shares of the business services provider’s stock worth $47,192,000 after buying an additional 45,366 shares in the last quarter. Finally, S&T Bank PA acquired a new position in shares of FTI Consulting in the 2nd quarter worth approximately $10,624,000. 92.28% of the stock is owned by hedge funds and other institutional investors.
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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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