FTI Consulting, Inc. (NYSE:FCN) – Research analysts at SunTrust Banks upped their Q1 2018 earnings per share estimates for FTI Consulting in a research note issued on Thursday. SunTrust Banks analyst T. Sommer now anticipates that the business services provider will earn $0.58 per share for the quarter, up from their prior estimate of $0.55. SunTrust Banks also issued estimates for FTI Consulting’s Q2 2018 earnings at $0.69 EPS, Q3 2018 earnings at $0.63 EPS, Q4 2018 earnings at $0.63 EPS, FY2018 earnings at $2.53 EPS and FY2019 earnings at $2.76 EPS.
A number of other equities analysts have also issued reports on FCN. ValuEngine raised FTI Consulting from a “hold” rating to a “buy” rating in a report on Friday, February 23rd. Zacks Investment Research raised FTI Consulting from a “hold” rating to a “buy” rating and set a $53.00 price target on the stock in a report on Friday, February 23rd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company’s stock. FTI Consulting has an average rating of “Hold” and an average price target of $45.50.
FTI Consulting (NYSE:FCN) last released its quarterly earnings results on Thursday, February 22nd. The business services provider reported $0.78 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.28. FTI Consulting had a return on equity of 7.80% and a net margin of 5.97%. The firm had revenue of $467.71 million for the quarter, compared to analyst estimates of $450.52 million. During the same quarter last year, the company posted $0.24 earnings per share. The business’s revenue was up 5.8% on a year-over-year basis.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio grew its holdings in shares of FTI Consulting by 12.8% during the second quarter. Public Employees Retirement System of Ohio now owns 4,698 shares of the business services provider’s stock worth $164,000 after buying an additional 533 shares during the last quarter. Jane Street Group LLC purchased a new stake in FTI Consulting in the 4th quarter valued at approximately $204,000. Verition Fund Management LLC purchased a new stake in FTI Consulting in the 4th quarter valued at approximately $209,000. Pinebridge Investments L.P. purchased a new stake in FTI Consulting in the 3rd quarter valued at approximately $174,000. Finally, CIBC Asset Management Inc purchased a new stake in FTI Consulting in the 4th quarter valued at approximately $217,000. 93.45% of the stock is currently owned by hedge funds and other institutional investors.
FTI Consulting announced that its Board of Directors has authorized a share buyback plan on Monday, December 4th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the business services provider to reacquire shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its shares are undervalued.
ILLEGAL ACTIVITY NOTICE: This piece of content was reported by Ticker Report and is the sole property of of Ticker Report. If you are viewing this piece of content on another site, it was copied illegally and reposted in violation of United States and international copyright law. The correct version of this piece of content can be read at https://www.tickerreport.com/banking-finance/3227615/q1-2018-earnings-estimate-for-fti-consulting-inc-issued-by-suntrust-banks-fcn.html.
About FTI Consulting
FTI Consulting, Inc is a business advisory company. The Company operates through five segments: Corporate Finance & Restructuring, Forensic and Litigation Consulting, Economic Consulting, Technology and Strategic Communications. The Company provides advice and services, such as restructuring (including bankruptcy), capital formation and indebtedness, interim business management, performance improvements, forensic accounting and litigation matters, international arbitrations, mergers and acquisitions (M&A), antitrust and competition matters, securities litigation, electronic discovery (or e-discovery), management and retrieval of electronically stored information (ESI), reputation management and strategic communications.
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.