Analysts predict that FTI Consulting, Inc. (NYSE:FCN) will report $452.33 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for FTI Consulting’s earnings, with the highest sales estimate coming in at $457.90 million and the lowest estimate coming in at $449.00 million. FTI Consulting posted sales of $441.92 million during the same quarter last year, which suggests a positive year-over-year growth rate of 2.4%. The company is scheduled to issue its next earnings results before the market opens on Thursday, February 22nd.
According to Zacks, analysts expect that FTI Consulting will report full-year sales of $452.33 million for the current fiscal year, with estimates ranging from $1.79 billion to $1.80 billion. For the next financial year, analysts expect that the company will post sales of $1.85 billion per share, with estimates ranging from $1.84 billion to $1.85 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover FTI Consulting.
A number of analysts recently issued reports on the company. Zacks Investment Research raised FTI Consulting from a “hold” rating to a “strong-buy” rating and set a $49.00 target price for the company in a research report on Monday, October 30th. TheStreet raised FTI Consulting from a “c” rating to a “b” rating in a research report on Thursday, October 26th.
Shares of FTI Consulting (FCN) opened at $40.84 on Friday. The stock has a market capitalization of $1,533.07, a PE ratio of 33.20 and a beta of 0.36. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.15 and a quick ratio of 2.15. FTI Consulting has a 1 year low of $31.65 and a 1 year high of $45.27.
FTI Consulting announced that its board has authorized a share repurchase program on Monday, December 4th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the business services provider to purchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.
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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