Q3 2024 Earnings Forecast for FTI Consulting, Inc. Issued By William Blair (NYSE:FCN)

FTI Consulting, Inc. (NYSE:FCN - Free Report) - Analysts at William Blair reduced their Q3 2024 earnings per share (EPS) estimates for FTI Consulting in a research report issued to clients and investors on Friday, April 26th. William Blair analyst A. Nicholas now forecasts that the business services provider will post earnings of $2.13 per share for the quarter, down from their previous forecast of $2.38. William Blair has a "Outperform" rating on the stock. The consensus estimate for FTI Consulting's current full-year earnings is $8.15 per share. William Blair also issued estimates for FTI Consulting's Q2 2025 earnings at $2.26 EPS, Q4 2025 earnings at $2.33 EPS and FY2025 earnings at $9.30 EPS.

Several other research firms also recently issued reports on FCN. Truist Financial upped their price objective on shares of FTI Consulting from $240.00 to $255.00 and gave the company a "buy" rating in a report on Friday, February 23rd. StockNews.com downgraded shares of FTI Consulting from a "buy" rating to a "hold" rating in a research note on Friday.

FTI Consulting Stock Up 1.0 %

Shares of FCN stock traded up $2.17 during trading hours on Monday, reaching $213.53. 241,599 shares of the company's stock were exchanged, compared to its average volume of 205,822. The stock's 50 day moving average is $207.58 and its 200-day moving average is $205.64. FTI Consulting has a fifty-two week low of $171.81 and a fifty-two week high of $232.15. The company has a market cap of $7.62 billion, a price-to-earnings ratio of 24.83 and a beta of 0.11. The company has a current ratio of 2.46, a quick ratio of 2.46 and a debt-to-equity ratio of 0.10.

FTI Consulting (NYSE:FCN - Get Free Report) last posted its quarterly earnings data on Thursday, April 25th. The business services provider reported $2.23 EPS for the quarter, topping the consensus estimate of $1.76 by $0.47. The firm had revenue of $928.60 million during the quarter, compared to analyst estimates of $901.77 million. FTI Consulting had a net margin of 8.51% and a return on equity of 15.97%. FTI Consulting's revenue was up 15.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.34 EPS.

Insider Transactions at FTI Consulting

In other FTI Consulting news, Director Brenda J. Bacon purchased 1,120 shares of the stock in a transaction on Friday, February 23rd. The shares were bought at an average cost of $222.96 per share, with a total value of $249,715.20. Following the completion of the acquisition, the director now owns 15,292 shares in the company, valued at $3,409,504.32. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, Director Brenda J. Bacon acquired 1,120 shares of the company's stock in a transaction dated Friday, February 23rd. The shares were acquired at an average price of $222.96 per share, with a total value of $249,715.20. Following the purchase, the director now directly owns 15,292 shares of the company's stock, valued at $3,409,504.32. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Claudio Costamagna sold 7,059 shares of the firm's stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $209.13, for a total value of $1,476,248.67. Following the sale, the director now owns 32,860 shares in the company, valued at $6,872,011.80. The disclosure for this sale can be found here. Insiders sold a total of 36,715 shares of company stock worth $7,617,513 over the last three months. 2.51% of the stock is currently owned by insiders.

Institutional Investors Weigh In On FTI Consulting

A number of institutional investors have recently added to or reduced their stakes in FCN. Arlington Trust Co LLC purchased a new stake in shares of FTI Consulting during the third quarter worth approximately $28,000. Tompkins Financial Corp acquired a new stake in FTI Consulting in the 4th quarter valued at about $40,000. Fifth Third Bancorp lifted its position in FTI Consulting by 37.1% during the third quarter. Fifth Third Bancorp now owns 218 shares of the business services provider's stock worth $39,000 after buying an additional 59 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its holdings in shares of FTI Consulting by 494.6% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 220 shares of the business services provider's stock worth $46,000 after acquiring an additional 183 shares during the period. Finally, Blue Trust Inc. boosted its position in shares of FTI Consulting by 30.1% during the 4th quarter. Blue Trust Inc. now owns 272 shares of the business services provider's stock valued at $54,000 after acquiring an additional 63 shares during the last quarter. Institutional investors and hedge funds own 99.36% of the company's stock.

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.