Brokerages Anticipate FTI Consulting, Inc. (FCN) Will Announce Earnings of $0.50 Per Share

Analysts forecast that FTI Consulting, Inc. (NYSE:FCN) will report earnings of $0.50 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for FTI Consulting’s earnings, with estimates ranging from $0.38 to $0.57. FTI Consulting posted earnings of $0.24 per share in the same quarter last year, which would suggest a positive year over year growth rate of 108.3%. The business is scheduled to issue its next earnings report on Tuesday, February 27th.

On average, analysts expect that FTI Consulting will report full-year earnings of $2.06 per share for the current financial year, with EPS estimates ranging from $1.95 to $2.14. For the next fiscal year, analysts forecast that the business will report earnings of $2.22 per share, with EPS estimates ranging from $2.10 to $2.32. Zacks’ EPS calculations are a mean average based on a survey of research firms that follow FTI Consulting.

FTI Consulting (NYSE:FCN) last announced its quarterly earnings results on Thursday, October 26th. The business services provider reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.24. FTI Consulting had a return on equity of 6.12% and a net margin of 2.70%. The firm had revenue of $448.96 million for the quarter, compared to analysts’ expectations of $446.63 million. During the same period in the prior year, the business posted $0.52 earnings per share. The business’s revenue was up 2.5% compared to the same quarter last year.

Several equities analysts have recently issued reports on the company. BidaskClub raised FTI Consulting from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 9th. Zacks Investment Research raised FTI Consulting from a “sell” rating to a “hold” rating in a research note on Tuesday, September 26th. Finally, TheStreet raised FTI Consulting from a “c” rating to a “b” rating in a research note on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and an average price target of $44.33.

FTI Consulting (FCN) traded down $0.35 during trading on Friday, reaching $42.66. The company’s stock had a trading volume of 284,910 shares, compared to its average volume of 415,477. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $1,620.00, a price-to-earnings ratio of 23.57 and a beta of 0.33. FTI Consulting has a one year low of $31.65 and a one year high of $47.12.

Large investors have recently bought and sold shares of the stock. California Public Employees Retirement System grew its holdings in shares of FTI Consulting by 2.1% during the second quarter. California Public Employees Retirement System now owns 111,892 shares of the business services provider’s stock worth $3,912,000 after buying an additional 2,300 shares in the last quarter. BNP Paribas Arbitrage SA grew its holdings in shares of FTI Consulting by 140.3% during the second quarter. BNP Paribas Arbitrage SA now owns 22,235 shares of the business services provider’s stock worth $777,000 after buying an additional 12,983 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of FTI Consulting by 13.6% during the second quarter. Ameriprise Financial Inc. now owns 218,270 shares of the business services provider’s stock worth $7,630,000 after buying an additional 26,107 shares in the last quarter. Thompson Siegel & Walmsley LLC grew its holdings in shares of FTI Consulting by 75.6% during the second quarter. Thompson Siegel & Walmsley LLC now owns 535,634 shares of the business services provider’s stock worth $18,726,000 after buying an additional 230,549 shares in the last quarter. Finally, Boston Partners grew its stake in FTI Consulting by 2.7% in the third quarter. Boston Partners now owns 557,161 shares of the business services provider’s stock valued at $19,768,000 after purchasing an additional 14,747 shares in the last quarter. Institutional investors and hedge funds own 97.24% of the company’s stock.

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About FTI Consulting

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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Earnings History and Estimates for FTI Consulting (NYSE:FCN)

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