FTI Consulting (NYSE:FCN) Posts Quarterly Earnings Results, Beats Expectations By $0.67 EPS

Key Points

• FTI Consulting reported quarterly earnings of $2.60 EPS, exceeding expectations by $0.67, and updated its FY 2025 guidance to 8.200-8.70 EPS.
• Despite a 3.3% year-over-year revenue increase, the company's stock performance remains cautious, trading at $156.45 with an average price target of $175.50.
• Institutional investors hold 99.36% of FTI Consulting's stock, highlighting significant confidence from major stakeholders in the company.

FTI Consulting (NYSE:FCN - Get Free Report) announced its earnings results on Thursday. The business services provider reported $2.60 EPS for the quarter, beating the consensus estimate of $1.93 by $0.67, Zacks reports. FTI Consulting had a net margin of 6.82% and a return on equity of 12.88%. The business's quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the company earned $1.85 earnings per share. FTI Consulting updated its FY 2025 guidance to 8.200-8.70 EPS.

FTI Consulting Stock Performance

NYSE FCN traded up $0.66 during trading hours on Thursday, reaching $156.45. 721,877 shares of the company were exchanged, compared to its average volume of 368,413. FTI Consulting has a 1 year low of $149.31 and a 1 year high of $213.07. The business's 50 day simple moving average is $162.89 and its 200-day simple moving average is $163.94. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $5.06 billion, a P/E ratio of 22.04 and a beta of 0.16.

Institutional Trading of FTI Consulting

A number of large investors have recently added to or reduced their stakes in FCN. Royal Bank of Canada increased its holdings in FTI Consulting by 7.4% during the first quarter. Royal Bank of Canada now owns 41,795 shares of the business services provider's stock worth $6,860,000 after buying an additional 2,889 shares during the last quarter. Integrated Wealth Concepts LLC increased its stake in shares of FTI Consulting by 4.9% in the first quarter. Integrated Wealth Concepts LLC now owns 2,221 shares of the business services provider's stock worth $364,000 after purchasing an additional 103 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of FTI Consulting in the first quarter worth about $33,000. Millennium Management LLC purchased a new position in shares of FTI Consulting in the first quarter worth about $15,802,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of FTI Consulting by 9.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 131,716 shares of the business services provider's stock worth $21,612,000 after purchasing an additional 10,980 shares in the last quarter. Hedge funds and other institutional investors own 99.36% of the company's stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a "hold (c-)" rating on shares of FTI Consulting in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, FTI Consulting has an average rating of "Hold" and an average price target of $175.50.

FTI Consulting Company Profile

FTI Consulting, Inc provides business advisory services to manage change, mitigate risk, and resolve disputes worldwide. The company operates through Corporate Finance & Restructuring, Forensic and Litigation Consulting, Economic Consulting, Technology, and Strategic Communications segments. The Corporate Finance & Restructuring segment provides business transformation and strategy, transactions, and turnaround and restructuring services.

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