FTI Consulting (NYSE:FCN) Sees Large Volume Increase - Still a Buy?

Key Points

• FTI Consulting shares experienced an unusually-high trading volume of about 377,786 shares, marking a 6% decrease from the previous day's volume.
• The company's latest earnings report indicated an EPS of $2.13, surpassing analyst expectations of $1.87, but a slight revenue decline compared to the same quarter last year.
• FTI Consulting's board has initiated a stock buyback program allowing for the repurchase of $400 million in shares, which is typically a sign that the company believes its stock is undervalued.

FTI Consulting, Inc. (NYSE:FCN - Get Free Report) saw unusually-high trading volume on Tuesday . Approximately 377,786 shares changed hands during trading, a decline of 6% from the previous session's volume of 400,793 shares.The stock last traded at $166.48 and had previously closed at $165.52.

Analyst Ratings Changes

Separately, William Blair reiterated an "outperform" rating on shares of FTI Consulting in a research note on Friday, April 25th.

FTI Consulting Stock Performance

The business has a 50-day moving average price of $164.55 and a 200-day moving average price of $168.27. 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 firm has a market capitalization of $5.42 billion, a price-to-earnings ratio of 23.60 and a beta of 0.18.

FTI Consulting (NYSE:FCN - Get Free Report) last announced its earnings results on Thursday, July 24th. The business services provider reported $2.13 earnings per share for the quarter, topping the consensus estimate of $1.87 by $0.26. The firm had revenue of $943.66 million for the quarter, compared to the consensus estimate of $928.38 million. FTI Consulting had a return on equity of 12.88% and a net margin of 6.82%. The firm's revenue for the quarter was down .6% on a year-over-year basis. During the same period in the previous year, the business earned $2.34 EPS. As a group, sell-side analysts forecast that FTI Consulting, Inc. will post 8.55 earnings per share for the current year.

FTI Consulting announced that its board has approved a share repurchase program on Thursday, April 24th that authorizes the company to repurchase $400.00 million in shares. This repurchase authorization authorizes the business services provider to repurchase up to 6.9% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's leadership believes its shares are undervalued.

Institutional Trading of FTI Consulting

Large investors have recently bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of FTI Consulting in the 1st quarter valued at $30,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in FTI Consulting during the 1st quarter worth about $33,000. Signaturefd LLC grew its stake in FTI Consulting by 65.3% during the 1st quarter. Signaturefd LLC now owns 205 shares of the business services provider's stock valued at $34,000 after purchasing an additional 81 shares during the last quarter. GeoWealth Management LLC raised its stake in shares of FTI Consulting by 46.0% in the fourth quarter. GeoWealth Management LLC now owns 181 shares of the business services provider's stock worth $35,000 after purchasing an additional 57 shares during the last quarter. Finally, CWM LLC lifted its holdings in shares of FTI Consulting by 72.0% during the second quarter. CWM LLC now owns 332 shares of the business services provider's stock worth $54,000 after purchasing an additional 139 shares during the period. Hedge funds and other institutional investors 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.