FTI Consulting, Inc. (FCN) Expected to Announce Quarterly Sales of $452.30 Million
Wall Street brokerages expect FTI Consulting, Inc. (NYSE:FCN) to post sales of $452.30 million for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for FTI Consulting’s earnings, with the highest sales estimate coming in at $457.90 million and the lowest estimate coming in at $449.00 million. FTI Consulting reported sales of $441.92 million during the same quarter last year, which indicates a positive year-over-year growth rate of 2.3%. The business is scheduled to issue its next quarterly earnings report on Tuesday, February 27th.
According to Zacks, analysts expect that FTI Consulting will report full-year sales of $452.30 million for the current year, with estimates ranging from $1.79 billion to $1.80 billion. For the next year, analysts anticipate that the firm will post sales of $1.85 billion per share, with estimates ranging from $1.84 billion to $1.85 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow FTI Consulting.
FTI Consulting (NYSE:FCN) last announced its earnings results on Thursday, October 26th. The business services provider reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.24. FTI Consulting had a net margin of 2.70% and a return on equity of 6.12%. The business had revenue of $448.96 million during the quarter, compared to analysts’ expectations of $446.63 million. During the same quarter last year, the company posted $0.52 EPS. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis.
A number of brokerages have commented on FCN. Zacks Investment Research raised shares of FTI Consulting from a “sell” rating to a “hold” rating in a report on Tuesday, September 26th. TheStreet raised shares of FTI Consulting from a “c” rating to a “b” rating in a report on Thursday, October 26th. Finally, BidaskClub raised shares of FTI Consulting from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a strong buy rating to the company. FTI Consulting has an average rating of “Hold” and a consensus price target of $44.33.
Shares of FTI Consulting (NYSE FCN) opened at $44.11 on Tuesday. FTI Consulting has a fifty-two week low of $31.65 and a fifty-two week high of $47.12. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.41. The company has a market cap of $1,619.23, a PE ratio of 23.57 and a beta of 0.33.
A number of large investors have recently modified their holdings of the business. Amalgamated Bank grew its holdings in FTI Consulting by 0.6% during the 2nd quarter. Amalgamated Bank now owns 5,870 shares of the business services provider’s stock worth $205,000 after acquiring an additional 37 shares during the last quarter. Northwestern Mutual Investment Management Company LLC grew its holdings in FTI Consulting by 0.8% during the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 7,155 shares of the business services provider’s stock worth $291,000 after acquiring an additional 56 shares during the last quarter. Comerica Bank grew its holdings in FTI Consulting by 0.8% during the 2nd quarter. Comerica Bank now owns 32,062 shares of the business services provider’s stock worth $1,061,000 after acquiring an additional 270 shares during the last quarter. Capstone Asset Management Co. boosted its stake in shares of FTI Consulting by 4.9% in the 2nd quarter. Capstone Asset Management Co. now owns 5,956 shares of the business services provider’s stock valued at $208,000 after purchasing an additional 280 shares during the last quarter. Finally, Arizona State Retirement System boosted its stake in shares of FTI Consulting by 1.8% in the 2nd quarter. Arizona State Retirement System now owns 17,400 shares of the business services provider’s stock valued at $608,000 after purchasing an additional 300 shares during the last quarter. 97.23% of the stock is currently owned by hedge funds and other institutional investors.
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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.
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