FTI Consulting (FCN) Scheduled to Post Quarterly Earnings on Thursday

FTI Consulting (NYSE:FCN) is scheduled to 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 that wish to listen to the company’s conference call can do so using this link.

FTI Consulting (NYSE:FCN) last released its quarterly earnings data on Thursday, February 22nd. The business services provider reported $2.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.57 by $0.71. FTI Consulting had a net margin of 7.88% and a return on equity of 14.94%. The business had revenue of $924.68 million for the quarter, compared to analysts’ expectations of $840.40 million. During the same quarter last year, the company earned $1.52 EPS. The company’s revenue for the quarter was up 19.4% compared to the same quarter last year. 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 Stock Down 1.5 %

FCN stock opened at $204.50 on Thursday. FTI Consulting has a fifty-two week low of $167.39 and a fifty-two week high of $232.15. The firm’s 50-day simple moving average is $204.75 and its 200 day simple moving average is $204.23. The stock has a market cap of $7.27 billion, a PE ratio of 26.52 and a beta of 0.11.

Insider Buying and Selling at FTI Consulting

In related news, Director Brenda J. Bacon bought 1,120 shares of the stock in a transaction on Friday, February 23rd. The shares were purchased at an average price of $222.96 per share, with a total value of $249,715.20. Following the purchase, the director now owns 15,292 shares in the company, valued at $3,409,504.32. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Paul Alderman Linton sold 27,000 shares of the firm’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $206.10, for a total transaction of $5,564,700.00. Following the completion of the transaction, the insider now owns 44,284 shares in the company, valued at approximately $9,126,932.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Brenda J. Bacon acquired 1,120 shares of FTI Consulting stock in a transaction dated Friday, February 23rd. The shares were acquired at an average price of $222.96 per share, with a total value of $249,715.20. Following the transaction, the director now owns 15,292 shares in the company, valued at approximately $3,409,504.32. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 36,715 shares of company stock valued at $7,617,513. Company insiders own 3.34% of the company’s stock.

Hedge Funds Weigh In On FTI Consulting

Large investors have recently made changes to their positions in the business. Ancora Advisors LLC bought a new position in shares of FTI Consulting during the 1st quarter valued at about $32,000. Point72 Hong Kong Ltd acquired a new position in shares of FTI Consulting in the fourth quarter worth about $41,000. Clearstead Advisors LLC acquired a new position in shares of FTI Consulting in the third quarter worth about $46,000. First Capital Advisors Group LLC. acquired a new position in shares of FTI Consulting in the second quarter worth about $74,000. Finally, Covestor Ltd boosted its holdings in shares of FTI Consulting by 96.0% in the first quarter. Covestor Ltd now owns 584 shares of the business services provider’s stock worth $92,000 after buying an additional 286 shares during the period. Institutional investors own 99.36% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on FCN shares. StockNews.com cut shares of FTI Consulting from a “buy” rating to a “hold” rating in a report on Thursday. Truist Financial raised their target price on shares of FTI Consulting from $240.00 to $255.00 and gave the company a “buy” rating in a research note on Friday, February 23rd.

About FTI Consulting

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.