FTI Consulting (NYSE:FCN) Announces Earnings Results

FTI Consulting (NYSE:FCN) announced its earnings results on Thursday. The business services provider reported $2.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.76 by $0.47, Briefing.com reports. FTI Consulting had a net margin of 7.88% and a return on equity of 14.94%. The firm had revenue of $928.60 million during the quarter, compared to analyst estimates of $901.77 million. During the same period in the prior year, the business earned $1.34 EPS. The company’s revenue for the quarter was up 15.1% compared to the same quarter last year.

FTI Consulting Price Performance

Shares of NYSE FCN traded up $2.45 during midday trading on Friday, reaching $217.76. The company’s stock had a trading volume of 121,829 shares, compared to its average volume of 201,747. The stock has a market capitalization of $7.76 billion, a P/E ratio of 27.93 and a beta of 0.11. The firm has a 50 day moving average price of $207.20 and a 200-day moving average price of $205.27. FTI Consulting has a 12-month low of $167.39 and a 12-month high of $232.15.

Analysts Set New Price Targets

A number of research firms recently commented on FCN. Truist Financial lifted their price target on FTI Consulting from $240.00 to $255.00 and gave the stock a “buy” rating in a report on Friday, February 23rd. StockNews.com lowered FTI Consulting from a “buy” rating to a “hold” rating in a research note on Friday.

Insider Buying and Selling

In related news, Director Brenda J. Bacon purchased 1,120 shares of FTI Consulting stock in a transaction that occurred on Friday, February 23rd. The stock was bought at an average price of $222.96 per share, for a total transaction of $249,715.20. Following the completion of the transaction, the director now owns 15,292 shares in the company, valued at $3,409,504.32. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other FTI Consulting news, Director Brenda J. Bacon purchased 1,120 shares of the stock in a transaction dated Friday, February 23rd. The shares were bought at an average price of $222.96 per share, with a total value of $249,715.20. Following the completion of the transaction, the director now directly owns 15,292 shares in the company, valued at approximately $3,409,504.32. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, General Counsel Curtis P. Lu sold 2,656 shares of the stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $217.08, for a total value of $576,564.48. Following the sale, the general counsel now directly owns 29,190 shares in the company, valued at approximately $6,336,565.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 36,715 shares of company stock worth $7,617,513. 3.34% of the stock is owned by company insiders.

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.