FTI Consulting (NYSE:FCN) Reaches New 1-Year Low - Should You Sell?

Key Points

• FTI Consulting shares hit a new 52-week low of $150.62 amid declining stock performance, with an average rating of "Hold" from analysts and a current target price of $175.50.
• The company reported better-than-expected quarterly earnings with an EPS of $2.13, despite a decline in revenue of 0.6% compared to the previous year.
• Institutional investors hold 99.36% of FTI Consulting's shares, indicating significant confidence from hedge funds and large entities in the company's long-term prospects.

FTI Consulting, Inc. (NYSE:FCN - Get Free Report) shares reached a new 52-week low during trading on Thursday . The stock traded as low as $151.35 and last traded at $150.62, with a volume of 51802 shares trading hands. The stock had previously closed at $152.50.

Analysts Set New Price Targets

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

FTI Consulting Stock Down 1.1%

The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.11 and a current ratio of 2.11. The firm's 50-day moving average is $164.33 and its 200 day moving average is $164.24. The firm has a market capitalization of $4.88 billion, a PE ratio of 21.23 and a beta of 0.16.

FTI Consulting (NYSE:FCN - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The business services provider reported $2.13 EPS for the quarter, topping the consensus estimate of $1.87 by $0.26. FTI Consulting had a net margin of 6.82% and a return on equity of 12.88%. The business had revenue of $943.66 million for the quarter, compared to analyst estimates of $928.38 million. During the same period in the previous year, the firm earned $2.34 EPS. The business's revenue for the quarter was down .6% compared to the same quarter last year. FTI Consulting has set its FY 2025 guidance at 7.800-8.400 EPS. As a group, research analysts forecast that FTI Consulting, Inc. will post 8.55 earnings per share for the current fiscal year.

Hedge Funds Weigh In On FTI Consulting

Several institutional investors and hedge funds have recently bought and sold shares of FCN. Norges Bank acquired a new position in FTI Consulting during the second quarter worth approximately $65,039,000. Jacobs Levy Equity Management Inc. lifted its stake in shares of FTI Consulting by 1,668.1% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 310,157 shares of the business services provider's stock valued at $50,891,000 after purchasing an additional 292,615 shares in the last quarter. Invesco Ltd. lifted its stake in shares of FTI Consulting by 435.9% in the 2nd quarter. Invesco Ltd. now owns 303,750 shares of the business services provider's stock valued at $49,056,000 after purchasing an additional 247,066 shares in the last quarter. Victory Capital Management Inc. lifted its stake in shares of FTI Consulting by 11.0% in the 1st quarter. Victory Capital Management Inc. now owns 1,549,781 shares of the business services provider's stock valued at $254,288,000 after purchasing an additional 153,523 shares in the last quarter. Finally, Bank of America Corp DE lifted its stake in shares of FTI Consulting by 103.0% in the 2nd quarter. Bank of America Corp DE now owns 195,129 shares of the business services provider's stock valued at $31,513,000 after purchasing an additional 98,989 shares in the last quarter. Institutional investors and hedge funds own 99.36% 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 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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