$0.65 EPS Expected for FTI Consulting, Inc. (FCN) This Quarter

Wall Street brokerages predict that FTI Consulting, Inc. (NYSE:FCN) will announce $0.65 earnings per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for FTI Consulting’s earnings, with estimates ranging from $0.58 to $0.70. FTI Consulting reported earnings of $0.34 per share in the same quarter last year, which indicates a positive year over year growth rate of 91.2%. The company is scheduled to report its next quarterly earnings report on Thursday, April 26th.

According to Zacks, analysts expect that FTI Consulting will report full year earnings of $2.53 per share for the current year, with EPS estimates ranging from $2.50 to $2.55. For the next year, analysts expect that the company will report earnings of $2.76 per share, with EPS estimates ranging from $2.75 to $2.78. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover FTI Consulting.

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FTI Consulting (NYSE:FCN) last issued its earnings results on Thursday, February 22nd. The business services provider reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.28. FTI Consulting had a return on equity of 7.80% and a net margin of 5.97%. The company had revenue of $467.71 million for the quarter, compared to analysts’ expectations of $450.52 million. During the same period last year, the business earned $0.24 EPS. FTI Consulting’s quarterly revenue was up 5.8% compared to the same quarter last year.

Several brokerages have weighed in on FCN. Zacks Investment Research upgraded FTI Consulting from a “hold” rating to a “buy” rating and set a $53.00 price objective on the stock in a research note on Friday, February 23rd. ValuEngine upgraded FTI Consulting from a “hold” rating to a “buy” rating in a research note on Friday, February 23rd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $45.50.

In other FTI Consulting news, CAO Catherine M. Freeman sold 6,088 shares of the firm’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $48.44, for a total transaction of $294,902.72. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.33% of the stock is currently owned by company insiders.

Institutional investors have recently made changes to their positions in the company. Jane Street Group LLC purchased a new stake in shares of FTI Consulting during the 4th quarter valued at $204,000. Verition Fund Management LLC purchased a new stake in shares of FTI Consulting during the 4th quarter valued at $209,000. Pinebridge Investments L.P. purchased a new stake in shares of FTI Consulting during the 3rd quarter valued at $174,000. CIBC Asset Management Inc purchased a new stake in shares of FTI Consulting during the 4th quarter valued at $217,000. Finally, Xact Kapitalforvaltning AB purchased a new stake in shares of FTI Consulting during the 4th quarter valued at $220,000. 98.71% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:FCN opened at $49.69 on Friday. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 0.33. FTI Consulting has a 1-year low of $31.65 and a 1-year high of $50.81. The firm has a market cap of $1,844.17, a price-to-earnings ratio of 20.96 and a beta of 0.20.

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FTI Consulting Company Profile

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.

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

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