FTI Consulting (NYSE:FCN) Posts Earnings Results, Beats Estimates By $0.28 EPS
FTI Consulting (NYSE:FCN) issued its quarterly earnings results on Thursday. The business services provider reported $1.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.04 by $0.28, MarketWatch Earnings reports. The business had revenue of $607.85 million for the quarter, compared to the consensus estimate of $564.02 million. FTI Consulting had a return on equity of 13.63% and a net margin of 8.07%. The business’s quarterly revenue was up .3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.73 earnings per share. FTI Consulting updated its FY 2020
Pre-Market guidance to 5.50-6.00 EPS and its FY20 guidance to $5.50-6.00 EPS.
Shares of FCN traded down $2.16 during trading hours on Friday, reaching $119.44. 516,882 shares of the company traded hands, compared to its average volume of 384,866. The stock 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 quick ratio of 2.36, a current ratio of 2.18 and a debt-to-equity ratio of 0.32. FTI Consulting has a 12-month low of $100.09 and a 12-month high of $144.10. The business has a fifty day moving average price of $110.93 and a 200-day moving average price of $118.78.
In other news, Director Vernon James Ellis sold 3,000 shares of the business’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $120.00, for a total transaction of $360,000.00. Following the sale, the director now directly owns 8,267 shares of the company’s stock, valued at $992,040. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.19% of the stock is owned by insiders.
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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