FTI Consulting (NYSE:FCN) Shares Gap Up – Here’s Why

FTI Consulting, Inc. (NYSE:FCN)’s stock price gapped up before the market opened on Friday. The stock had previously closed at $140.09, but opened at $147.83. FTI Consulting shares last traded at $147.4550, with a volume of 7,658 shares trading hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded FTI Consulting from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, October 2nd. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Reduce” and an average price target of $174.50.

FTI Consulting Trading Down 0.2%

The firm has a market capitalization of $4.03 billion, a P/E ratio of 17.67 and a beta of -0.06. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 0.76. The stock has a 50 day simple moving average of $145.52 and a 200-day simple moving average of $156.31.

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

Hedge Funds Weigh In On FTI Consulting

A number of institutional investors have recently modified their holdings of the stock. BlackRock Inc. purchased a new position in shares of FTI Consulting during the 2nd quarter valued at approximately $408,202,000. Neumeier Poma Investment Counsel LLC acquired a new stake in shares of FTI Consulting during the 2nd quarter worth about $44,699,275. Bank of New York Mellon Corp purchased a new stake in shares of FTI Consulting in the 2nd quarter valued at $28,362,000. Diamond Hill Capital Management LLC Investment Advisor purchased a new position in FTI Consulting in the 2nd quarter valued at approximately $28,307,000. Finally, Vaughan Nelson Investment Management L.P. increased its holdings in FTI Consulting by 68.6% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 429,545 shares of the business services provider’s stock valued at $75,931,000 after buying an additional 174,815 shares during the last quarter. Hedge funds and other institutional investors own 99.36% of the company’s stock.

About FTI Consulting

FTI Consulting, Inc is a global business advisory firm that helps organizations address complex financial, operational, regulatory and reputational challenges. Its clients include corporations, law firms, financial institutions, government agencies and other organizations.

The company provides services through practices focused on corporate finance and restructuring, forensic and litigation consulting, economic consulting, technology and strategic communications. Its work includes restructuring advice, investigations, disputes and expert testimony, data and technology services, economic analysis, crisis communications and support for major transactions and regulatory matters.

FTI Consulting serves clients internationally through offices and professionals across North America, Europe, the Middle East, Asia-Pacific and other global markets.