FTI Consulting (NYSE:FCN) issued an update on its FY20 earnings guidance on Thursday morning. The company provided earnings per share guidance of $5.50-6.00 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $5.45. The company issued revenue guidance of $2.45-2.55 billion, compared to the consensus revenue estimate of $2.41 billion.FTI Consulting also updated its FY 2020
Pre-Market guidance to 5.50-6.00 EPS.

NYSE:FCN opened at $119.44 on Friday. The stock’s 50 day moving average price is $110.93 and its 200 day moving average price is $118.78. FTI Consulting has a 52 week low of $100.09 and a 52 week high of $144.10. The company has a market capitalization of $4.43 billion, a P/E ratio of 23.37 and a beta of 0.24. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.36 and a current ratio of 2.18.

FTI Consulting (NYSE:FCN) last released its quarterly earnings data on Thursday, July 30th. The business services provider reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.28. FTI Consulting had a return on equity of 13.63% and a net margin of 8.07%. The firm had revenue of $607.85 million for the quarter, compared to the consensus estimate of $564.02 million. During the same quarter in the prior year, the company posted $1.73 earnings per share. The firm’s revenue was up .3% on a year-over-year basis. As a group, sell-side analysts forecast that FTI Consulting will post 5.72 earnings per share for the current fiscal year.

FCN has been the topic of a number of research reports. William Blair upgraded FTI Consulting from a market perform rating to an outperform rating in a report on Monday, April 6th. Sidoti upgraded FTI Consulting from a neutral rating to a buy rating and increased their price target for the company from $152.00 to $171.00 in a report on Friday, May 1st. Finally, Zacks Investment Research downgraded FTI Consulting from a hold rating to a sell rating and set a $122.00 price target on the stock. in a report on Monday, June 8th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. FTI Consulting presently has a consensus rating of Hold and an average price target of $149.33.

In other FTI Consulting news, Director Vernon James Ellis sold 3,000 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $120.00, for a total transaction of $360,000.00. Following the transaction, the director now owns 8,267 shares in the company, valued at $992,040. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 2.19% of the company’s stock.

About FTI Consulting

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

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