FTI Consulting (FCN) to Release Quarterly Earnings on Thursday

FTI Consulting (NYSE:FCN) will be announcing 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 interested in registering for the company’s conference call can do so using this link.

FTI Consulting (NYSE:FCN) last issued its earnings results on Thursday, February 22nd. The business services provider reported $2.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.71. The firm had revenue of $924.68 million during the quarter, compared to analyst estimates of $840.40 million. FTI Consulting had a net margin of 7.88% and a return on equity of 14.94%. The business’s revenue was up 19.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.52 earnings per share. 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 Trading Up 0.2 %

Shares of FCN opened at $211.73 on Tuesday. The firm has a market capitalization of $7.52 billion, a P/E ratio of 27.46 and a beta of 0.11. FTI Consulting has a 12-month low of $167.39 and a 12-month high of $232.15. The firm has a fifty day moving average price of $205.72 and a 200-day moving average price of $204.98.

Insider Activity at FTI Consulting

In related news, insider Paul Alderman Linton sold 27,000 shares of FTI Consulting stock in a transaction dated 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 sale, the insider now directly owns 44,284 shares in the company, valued at $9,126,932.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other FTI Consulting news, Director Brenda J. Bacon purchased 1,120 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were acquired at an average price of $222.96 per share, for a total transaction of $249,715.20. Following the completion of the purchase, the director now owns 15,292 shares of the company’s stock, valued at $3,409,504.32. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Paul Alderman Linton sold 27,000 shares of the business’s stock in a transaction dated 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 sale, the insider now owns 44,284 shares in the company, valued at approximately $9,126,932.40. The disclosure for this sale can be found here. Insiders sold 36,715 shares of company stock worth $7,617,513 over the last three months. 3.34% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on FCN shares. StockNews.com lowered shares of FTI Consulting from a “buy” rating to a “hold” rating in a research note on Thursday, April 18th. Truist Financial lifted their price objective on FTI Consulting from $240.00 to $255.00 and gave the company a “buy” rating in a report on Friday, February 23rd.

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.