FTI Consulting (NYSE:FCN) Updates FY20 Earnings Guidance
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.
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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