FTI Consulting (FCN) Scheduled to Post Quarterly Earnings on Thursday

FTI Consulting (NYSE:FCN) will announce its earnings results before the market opens on Thursday, April 25th. Analysts expect the company to announce earnings of $1.76 per share for the quarter. FTI Consulting has set its FY 2024 guidance at 7.750-8.500 EPS and its FY24 guidance at $7.75-8.50 EPS.Investors that are interested in participating in the company’s conference call can do so using this link.

FTI Consulting (NYSE:FCN) last released its quarterly earnings results on Thursday, February 22nd. The business services provider reported $2.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.71. FTI Consulting had a return on equity of 14.94% and a net margin of 7.88%. The company had revenue of $924.68 million during the quarter, compared to the consensus estimate of $840.40 million. During the same quarter in the prior year, the company posted $1.52 EPS. The firm’s revenue was up 19.4% on a year-over-year basis. On average, analysts expect FTI Consulting to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

FTI Consulting Stock Performance

NYSE FCN opened at $204.50 on Thursday. FTI Consulting has a twelve month low of $167.39 and a twelve month high of $232.15. The stock has a market capitalization of $7.27 billion, a PE ratio of 26.52 and a beta of 0.11. The stock has a 50-day simple moving average of $204.75 and a 200 day simple moving average of $204.23.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Truist Financial boosted their price objective on FTI Consulting from $240.00 to $255.00 and gave the stock a “buy” rating in a research report on Friday, February 23rd. StockNews.com cut FTI Consulting from a “buy” rating to a “hold” rating in a research report on Thursday.

Insider Buying and Selling at FTI Consulting

In other FTI Consulting news, insider Paul Alderman Linton sold 27,000 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $206.10, for a total value of $5,564,700.00. Following the completion of the transaction, the insider now owns 44,284 shares of the company’s stock, valued at approximately $9,126,932.40. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, Director Claudio Costamagna sold 7,059 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $209.13, for a total value of $1,476,248.67. Following the sale, the director now directly owns 32,860 shares in the company, valued at approximately $6,872,011.80. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Paul Alderman Linton sold 27,000 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $206.10, for a total value of $5,564,700.00. Following the completion of the sale, the insider now owns 44,284 shares in the company, valued at $9,126,932.40. The disclosure for this sale can be found here. Insiders sold a total of 36,715 shares of company stock valued at $7,617,513 in the last quarter. Corporate insiders own 3.34% of the company’s stock.

Institutional Investors Weigh In On FTI Consulting

Large investors have recently modified their holdings of the stock. Ancora Advisors LLC bought a new stake in shares of FTI Consulting in the 1st quarter valued at approximately $32,000. Point72 Hong Kong Ltd bought a new stake in shares of FTI Consulting in the 4th quarter valued at approximately $41,000. Clearstead Advisors LLC bought a new stake in FTI Consulting during the 3rd quarter worth approximately $46,000. First Capital Advisors Group LLC. bought a new stake in FTI Consulting during the 2nd quarter worth approximately $74,000. Finally, Covestor Ltd grew its position in FTI Consulting by 96.0% during the 1st quarter. Covestor Ltd now owns 584 shares of the business services provider’s stock worth $92,000 after acquiring an additional 286 shares during the last quarter. 99.36% of the stock is currently owned by institutional investors.

FTI Consulting Company Profile

FTI Consulting, Inc provides business advisory services to manage change, mitigate risk, and resolve disputes worldwide. The company operates through Corporate Finance & Restructuring, Forensic and Litigation Consulting, Economic Consulting, Technology, and Strategic Communications segments. The Corporate Finance & Restructuring segment provides business transformation and strategy, transactions, and turnaround and restructuring services.