FTI Consulting (NYSE:FCN) Sees Unusually-High Trading Volume After Earnings Beat

Key Points

• FTI Consulting reported a strong earnings performance with an EPS of $2.60, exceeding the consensus estimate by $0.67, which contributed to a 13% increase in trading volume to approximately 412,545 shares.
• Currently, the stock has a consensus rating of "Hold" with an average price target of $175.50, according to MarketBeat, after one analyst rated it as a Buy.
• Institutional investors own 99.36% of FTI Consulting's stock, with significant stake increases from various hedge funds during the first quarter.

FTI Consulting, Inc. (NYSE:FCN - Get Free Report) shares saw unusually-strong trading volume on Thursday following a stronger than expected earnings report. Approximately 412,545 shares traded hands during trading, an increase of 13% from the previous session's volume of 366,516 shares.The stock last traded at $158.27 and had previously closed at $155.79.

The business services provider reported $2.60 EPS for the quarter, topping the consensus estimate of $1.93 by $0.67. FTI Consulting had a net margin of 6.82% and a return on equity of 12.88%. During the same quarter in the prior year, the business earned $1.85 EPS. FTI Consulting's revenue for the quarter was up 3.3% on a year-over-year basis. FTI Consulting has set its FY 2025 guidance at 8.200-8.70 EPS.

Analyst Ratings Changes

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

Hedge Funds Weigh In On FTI Consulting

Several hedge funds have recently bought and sold shares of FCN. Lecap Asset Management Ltd. increased its stake in FTI Consulting by 115.7% in the first quarter. Lecap Asset Management Ltd. now owns 10,671 shares of the business services provider's stock valued at $1,751,000 after purchasing an additional 5,724 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in FTI Consulting during the first quarter worth about $30,000. Teacher Retirement System of Texas lifted its stake in FTI Consulting by 1.5% during the first quarter. Teacher Retirement System of Texas now owns 35,433 shares of the business services provider's stock worth $5,814,000 after purchasing an additional 514 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of FTI Consulting by 0.4% during the first quarter. Principal Financial Group Inc. now owns 81,271 shares of the business services provider's stock valued at $13,335,000 after buying an additional 302 shares during the period. Finally, OneDigital Investment Advisors LLC raised its holdings in shares of FTI Consulting by 6.9% during the first quarter. OneDigital Investment Advisors LLC now owns 7,413 shares of the business services provider's stock valued at $1,216,000 after acquiring an additional 476 shares in the last quarter. 99.36% of the stock is owned by institutional investors.

FTI Consulting Price Performance

The company has a debt-to-equity ratio of 0.25, a current ratio of 2.11 and a quick ratio of 2.11. The business has a 50 day moving average of $162.89 and a 200 day moving average of $163.94. The company has a market cap of $5.00 billion, a PE ratio of 21.76 and a beta of 0.16.

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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