FTI Consulting (NYSE:FCN) Issues Quarterly Earnings Results

FTI Consulting (NYSE:FCN) posted its earnings results on Thursday. The business services provider reported $1.85 EPS for the quarter, missing analysts’ consensus estimates of $2.06 by ($0.21), Briefing.com reports. FTI Consulting had a net margin of 8.90% and a return on equity of 16.34%. The business had revenue of $926.00 million for the quarter, compared to analysts’ expectations of $946.16 million. During the same period last year, the business posted $2.34 EPS. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. FTI Consulting updated its FY 2024 guidance to 7.900-8.350 EPS and its FY24 guidance to $7.90-$8.35 EPS.

FTI Consulting Stock Performance

NYSE FCN traded down $29.71 during mid-day trading on Thursday, reaching $199.79. 287,458 shares of the stock were exchanged, compared to its average volume of 168,363. FTI Consulting has a 1 year low of $182.67 and a 1 year high of $243.60. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.20 and a current ratio of 2.20. The business’s 50 day moving average is $224.60 and its 200-day moving average is $219.42. The company has a market capitalization of $7.13 billion, a P/E ratio of 23.27 and a beta of 0.10.

Insiders Place Their Bets

In related news, Director Mark S. Bartlett sold 2,000 shares of the business’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $227.12, for a total value of $454,240.00. Following the completion of the sale, the director now owns 26,099 shares of the company’s stock, valued at approximately $5,927,604.88. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.51% of the company’s stock.

Wall Street Analyst Weigh In

FCN has been the topic of several research reports. Truist Financial lifted their price objective on shares of FTI Consulting from $255.00 to $275.00 and gave the company a “buy” rating in a report on Wednesday, September 25th. StockNews.com upgraded FTI Consulting from a “hold” rating to a “buy” rating in a research report on Thursday, July 25th.

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.