$0.51 EPS Expected for FTI Consulting, Inc. (FCN) This Quarter

Wall Street brokerages forecast that FTI Consulting, Inc. (NYSE:FCN) will post earnings per share of $0.51 for the current fiscal quarter, according to Zacks. Two analysts have made estimates for FTI Consulting’s earnings, with the highest EPS estimate coming in at $0.63 and the lowest estimate coming in at $0.39. FTI Consulting reported earnings per share of $0.78 in the same quarter last year, which would indicate a negative year over year growth rate of 34.6%. The company is expected to announce its next quarterly earnings report on Thursday, February 28th.

According to Zacks, analysts expect that FTI Consulting will report full-year earnings of $3.75 per share for the current year, with EPS estimates ranging from $3.70 to $3.80. For the next year, analysts expect that the business will post earnings of $3.77 per share, with EPS estimates ranging from $3.74 to $3.80. Zacks’ earnings per share averages are an average based on a survey of research firms that follow FTI Consulting.

FTI Consulting (NYSE:FCN) last announced its earnings results on Thursday, October 25th. The business services provider reported $1.00 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.42. The company had revenue of $513.01 million during the quarter, compared to analyst estimates of $471.78 million. FTI Consulting had a net margin of 9.73% and a return on equity of 11.91%.

Several brokerages have weighed in on FCN. ValuEngine lowered shares of FTI Consulting from a “buy” rating to a “hold” rating in a research note on Thursday. Zacks Investment Research raised shares of FTI Consulting from a “hold” rating to a “strong-buy” rating and set a $79.00 target price for the company in a research note on Monday, October 29th. Finally, Sidoti raised shares of FTI Consulting from a “neutral” rating to a “buy” rating in a research note on Tuesday, July 10th.

In other news, General Counsel Curtis P. Lu sold 14,260 shares of the firm’s stock in a transaction that occurred on Friday, October 26th. The shares were sold at an average price of $70.32, for a total value of $1,002,763.20. Following the completion of the transaction, the general counsel now owns 21,573 shares of the company’s stock, valued at $1,517,013.36. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Nicholas C. Fanandakis sold 13,522 shares of the firm’s stock in a transaction that occurred on Tuesday, October 30th. The shares were sold at an average price of $69.52, for a total transaction of $940,049.44. Following the completion of the transaction, the director now directly owns 19,943 shares of the company’s stock, valued at approximately $1,386,437.36. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 29,282 shares of company stock valued at $2,052,523. 2.19% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Financial Enhancement Group LLC purchased a new position in shares of FTI Consulting in the second quarter valued at approximately $104,000. Tower Research Capital LLC TRC purchased a new position in shares of FTI Consulting in the second quarter valued at approximately $140,000. Itau Unibanco Holding S.A. purchased a new position in shares of FTI Consulting in the second quarter valued at approximately $183,000. Zeke Capital Advisors LLC purchased a new position in shares of FTI Consulting in the second quarter valued at approximately $208,000. Finally, Los Angeles Capital Management & Equity Research Inc. purchased a new position in shares of FTI Consulting in the second quarter valued at approximately $210,000. 94.68% of the stock is owned by institutional investors and hedge funds.

FCN stock traded up $0.72 during mid-day trading on Thursday, hitting $67.30. 431,117 shares of the company were exchanged, compared to its average volume of 461,354. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.64 and a quick ratio of 1.64. The firm has a market cap of $2.58 billion, a PE ratio of 29.01 and a beta of 0.06. FTI Consulting has a 12-month low of $39.57 and a 12-month high of $81.91.

FTI Consulting Company Profile

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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Earnings History and Estimates for FTI Consulting (NYSE:FCN)

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