FTI Consulting, Inc. (FCN) Expected to Announce Earnings of $0.63 Per Share

Equities research analysts expect FTI Consulting, Inc. (NYSE:FCN) to report earnings of $0.63 per share for the current fiscal quarter, according to Zacks. Two analysts have made estimates for FTI Consulting’s earnings, with estimates ranging from $0.62 to $0.63. FTI Consulting posted earnings per share of $0.40 during the same quarter last year, which would suggest a positive year-over-year growth rate of 57.5%. The business is expected to announce its next quarterly earnings results before the market opens on Thursday, July 26th.

According to Zacks, analysts expect that FTI Consulting will report full-year earnings of $2.65 per share for the current financial year. For the next year, analysts expect that the business will report earnings of $2.89 per share, with EPS estimates ranging from $2.81 to $2.97. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for FTI Consulting.

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FTI Consulting (NYSE:FCN) last issued its earnings results on Thursday, April 26th. The business services provider reported $1.04 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.42. The company had revenue of $497.77 million for the quarter, compared to analysts’ expectations of $456.68 million. FTI Consulting had a net margin of 7.15% and a return on equity of 9.85%. FTI Consulting’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.34 EPS.

FCN has been the topic of a number of research analyst reports. ValuEngine cut shares of FTI Consulting from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 2nd. Sidoti raised shares of FTI Consulting from a “neutral” rating to a “buy” rating in a report on Tuesday, July 10th. Finally, Zacks Investment Research cut shares of FTI Consulting from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 25th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company’s stock. FTI Consulting presently has a consensus rating of “Hold” and a consensus price target of $53.00.

In related news, Director Brenda J. Bacon sold 15,966 shares of the company’s stock in a transaction dated Monday, June 4th. The shares were sold at an average price of $62.94, for a total value of $1,004,900.04. Following the transaction, the director now owns 38,189 shares in the company, valued at approximately $2,403,615.66. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 2.19% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Northern Trust Corp grew its stake in FTI Consulting by 0.6% in the 1st quarter. Northern Trust Corp now owns 1,163,032 shares of the business services provider’s stock valued at $56,303,000 after buying an additional 6,772 shares during the last quarter. Schwab Charles Investment Management Inc. grew its stake in FTI Consulting by 2.0% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 349,937 shares of the business services provider’s stock valued at $16,941,000 after buying an additional 6,825 shares during the last quarter. Principal Financial Group Inc. grew its stake in FTI Consulting by 0.9% in the 1st quarter. Principal Financial Group Inc. now owns 292,725 shares of the business services provider’s stock valued at $14,171,000 after buying an additional 2,556 shares during the last quarter. Segall Bryant & Hamill LLC grew its stake in FTI Consulting by 8.0% in the 4th quarter. Segall Bryant & Hamill LLC now owns 285,829 shares of the business services provider’s stock valued at $12,279,000 after buying an additional 21,245 shares during the last quarter. Finally, Franklin Resources Inc. grew its stake in FTI Consulting by 121.0% in the 1st quarter. Franklin Resources Inc. now owns 170,400 shares of the business services provider’s stock valued at $8,249,000 after buying an additional 93,300 shares during the last quarter. Institutional investors and hedge funds own 95.34% of the company’s stock.

Shares of FCN stock traded down $0.71 on Friday, reaching $66.73. The stock had a trading volume of 230,300 shares, compared to its average volume of 292,511. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.38 and a current ratio of 2.38. The stock has a market cap of $2.55 billion, a price-to-earnings ratio of 28.86 and a beta of 0.10. FTI Consulting has a 12 month low of $31.65 and a 12 month high of $69.25.

About FTI Consulting

FTI Consulting, Inc provides business advisory services to manage change, mitigate risk, and resolve disputes worldwide. The company's Corporate Finance & Restructuring segment provides turnaround and restructuring, business transformation, interim management, valuation and financial advisory, transaction, dispute advisory, and tax services, as well as mergers and acquisitions (M&A), and M&A integration services.

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