Analysts Expect FTI Consulting, Inc. (NYSE:FCN) Will Post Quarterly Sales of $737.96 Million

Analysts expect that FTI Consulting, Inc. (NYSE:FCNGet Rating) will report $737.96 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for FTI Consulting’s earnings, with the highest sales estimate coming in at $741.90 million and the lowest estimate coming in at $734.01 million. FTI Consulting reported sales of $711.49 million in the same quarter last year, which indicates a positive year over year growth rate of 3.7%. The company is scheduled to announce its next earnings report on Monday, January 1st.

On average, analysts expect that FTI Consulting will report full-year sales of $2.95 billion for the current financial year, with estimates ranging from $2.92 billion to $2.98 billion. For the next year, analysts expect that the firm will post sales of $3.26 billion, with estimates ranging from $3.21 billion to $3.32 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover FTI Consulting.

FTI Consulting (NYSE:FCNGet Rating) last posted its quarterly earnings results on Thursday, April 28th. The business services provider reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.33. The business had revenue of $723.62 million during the quarter, compared to analysts’ expectations of $702.83 million. FTI Consulting had a net margin of 8.17% and a return on equity of 14.88%. The business’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.89 EPS.

Several research analysts have issued reports on the stock. Zacks Investment Research raised shares of FTI Consulting from a “sell” rating to a “hold” rating and set a $170.00 price objective on the stock in a research report on Wednesday, April 27th. StockNews.com downgraded shares of FTI Consulting from a “buy” rating to a “hold” rating in a report on Saturday, May 7th.

In other FTI Consulting news, General Counsel Curtis P. Lu sold 4,238 shares of FTI Consulting stock in a transaction dated Thursday, March 10th. The shares were sold at an average price of $145.48, for a total transaction of $616,544.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Vernon James Ellis sold 1,000 shares of FTI Consulting stock in a transaction dated Wednesday, March 2nd. The stock was sold at an average price of $146.71, for a total transaction of $146,710.00. The disclosure for this sale can be found here. 3.32% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Quent Capital LLC acquired a new position in shares of FTI Consulting in the fourth quarter valued at approximately $25,000. Signaturefd LLC raised its position in shares of FTI Consulting by 132.5% in the first quarter. Signaturefd LLC now owns 193 shares of the business services provider’s stock valued at $30,000 after buying an additional 110 shares during the last quarter. Covestor Ltd acquired a new position in shares of FTI Consulting in the fourth quarter valued at approximately $46,000. First Horizon Advisors Inc. raised its position in shares of FTI Consulting by 556.0% in the first quarter. First Horizon Advisors Inc. now owns 328 shares of the business services provider’s stock valued at $52,000 after buying an additional 278 shares during the last quarter. Finally, Kings Point Capital Management purchased a new stake in FTI Consulting in the third quarter valued at approximately $59,000.

Shares of FCN opened at $165.74 on Friday. FTI Consulting has a twelve month low of $131.50 and a twelve month high of $170.31. The firm’s fifty day simple moving average is $158.27 and its 200-day simple moving average is $151.41. The firm has a market capitalization of $5.71 billion, a price-to-earnings ratio of 25.66 and a beta of 0.43. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 0.20.

FTI Consulting Company Profile (Get Rating)

FTI Consulting, Inc provides business advisory services to manage change, mitigate risk, and resolve disputes worldwide. The company operates through five segments: Corporate Finance & Restructuring, Forensic and Litigation Consulting, Economic Consulting, Technology, and Strategic Communications.

Further Reading

Get a free copy of the Zacks research report on FTI Consulting (FCN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for FTI Consulting Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FTI Consulting and related companies with MarketBeat.com's FREE daily email newsletter.