Analysts Expect FTI Consulting, Inc. (FCN) Will Post Quarterly Sales of $459.72 Million
Equities research analysts expect FTI Consulting, Inc. (NYSE:FCN) to report sales of $459.72 million for the current quarter, Zacks reports. Two analysts have made estimates for FTI Consulting’s earnings, with estimates ranging from $452.34 million to $467.10 million. FTI Consulting reported sales of $467.71 million during the same quarter last year, which would suggest a negative year over year growth rate of 1.7%. The firm is scheduled to report its next quarterly earnings report on Thursday, February 28th.
On average, analysts expect that FTI Consulting will report full year sales of $1.98 billion for the current fiscal year, with estimates ranging from $1.98 billion to $1.99 billion. For the next financial year, analysts expect that the business will report sales of $2.01 billion, with estimates ranging from $2.00 billion to $2.02 billion. Zacks’ sales averages are an average based on a survey of research analysts that follow FTI Consulting.
FTI Consulting (NYSE:FCN) last announced its earnings results on Thursday, October 25th. The business services provider reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.42. The firm had revenue of $513.01 million for the quarter, compared to analysts’ expectations of $471.78 million. FTI Consulting had a net margin of 9.73% and a return on equity of 11.91%.
In related news, Director Brenda J. Bacon sold 11,000 shares of the stock in a transaction dated Monday, November 5th. The shares were sold at an average price of $66.51, for a total value of $731,610.00. Following the sale, the director now directly owns 40,955 shares of the company’s stock, valued at approximately $2,723,917.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Matthew Pachman sold 1,500 shares of the stock in a transaction dated Friday, October 26th. The stock was sold at an average price of $73.14, for a total transaction of $109,710.00. Following the completion of the sale, the vice president now directly owns 1,686 shares in the company, valued at $123,314.04. The disclosure for this sale can be found here. Insiders have sold a total of 41,382 shares of company stock worth $2,858,955 over the last 90 days. Corporate insiders own 2.19% of the company’s stock.
Institutional investors have recently bought and sold shares of the stock. Financial Enhancement Group LLC purchased a new stake in FTI Consulting in the 2nd quarter worth about $104,000. Tower Research Capital LLC TRC purchased a new stake in FTI Consulting in the 2nd quarter worth about $140,000. Cornerstone Wealth Management LLC purchased a new stake in FTI Consulting in the 2nd quarter worth about $182,000. Itau Unibanco Holding S.A. purchased a new stake in FTI Consulting in the 2nd quarter worth about $183,000. Finally, Zeke Capital Advisors LLC purchased a new stake in FTI Consulting in the 2nd quarter worth about $208,000. 95.07% of the stock is currently owned by institutional investors.
Shares of NYSE FCN traded up $0.63 during mid-day trading on Friday, hitting $68.95. 402,386 shares of the company’s stock traded hands, compared to its average volume of 473,601. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $2.61 billion, a price-to-earnings ratio of 29.72 and a beta of 0.06. FTI Consulting has a 1 year low of $39.57 and a 1 year high of $81.91.
FTI Consulting Company Profile
FTI Consulting, Inc provides business advisory services to manage change, mitigate risk, and resolve disputes worldwide. The company's Corporate Finance & Restructuring segment provides turnaround and restructuring, business transformation, interim management, valuation and financial advisory, transaction, dispute advisory, and tax services, as well as mergers and acquisitions (M&A), and M&A integration services.
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