FTI Consulting (NYSE:FCN) Hits New 52-Week Low – Time to Sell?

FTI Consulting, Inc. (NYSE:FCN) shares reached a new 52-week low on Tuesday . The stock traded as low as $137.21 and last traded at $137.2710, with a volume of 25419 shares traded. The stock had previously closed at $140.74.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered FTI Consulting from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, July 8th. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, FTI Consulting presently has a consensus rating of “Hold” and an average target price of $174.50.

FTI Consulting Stock Down 1.0%

The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $3.68 billion, a PE ratio of 16.13 and a beta of -0.05. The business has a 50-day moving average price of $152.81 and a 200-day moving average price of $159.69.

FTI Consulting (NYSE:FCN) last announced its quarterly earnings data on Thursday, July 30th. The business services provider reported $2.16 EPS for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.01). The company had revenue of $993.46 million for the quarter, compared to analysts’ expectations of $992.75 million. FTI Consulting had a return on equity of 15.91% and a net margin of 6.44%.The business’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.13 EPS. FTI Consulting has set its FY 2026 guidance at 8.700-9.300 EPS. Equities research analysts forecast that FTI Consulting, Inc. will post 9.25 earnings per share for the current fiscal year.

FTI Consulting declared that its Board of Directors has approved a share repurchase program on Friday, June 5th that permits the company to buyback $370.00 million in outstanding shares. This buyback authorization permits the business services provider to purchase up to 7.9% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Institutional Trading of FTI Consulting

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in FTI Consulting during the second quarter worth $408,202,000. Victory Capital Management Inc. grew its holdings in shares of FTI Consulting by 44.6% during the 4th quarter. Victory Capital Management Inc. now owns 1,634,051 shares of the business services provider’s stock worth $279,145,000 after purchasing an additional 503,885 shares during the period. Black Creek Investment Management Inc. increased its position in shares of FTI Consulting by 60.0% during the 4th quarter. Black Creek Investment Management Inc. now owns 1,072,250 shares of the business services provider’s stock worth $183,172,000 after purchasing an additional 402,008 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in FTI Consulting by 6.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 921,218 shares of the business services provider’s stock valued at $162,836,000 after buying an additional 59,524 shares during the period. Finally, Capital International Investors lifted its position in FTI Consulting by 74.7% in the fourth quarter. Capital International Investors now owns 512,947 shares of the business services provider’s stock valued at $87,627,000 after buying an additional 219,322 shares during the last quarter. Institutional investors and hedge funds own 99.36% of the company’s stock.

About FTI Consulting