FTI Consulting (NYSE:FCN) Issues Quarterly Earnings Results, Beats Estimates By $0.47 EPS

FTI Consulting (NYSE:FCN - Get Free Report) announced its quarterly earnings results on Thursday. The business services provider reported $2.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.76 by $0.47, Briefing.com reports. FTI Consulting had a net margin of 7.88% and a return on equity of 14.94%. The company had revenue of $928.60 million for the quarter, compared to the consensus estimate of $901.77 million. During the same period in the previous year, the firm posted $1.34 EPS. FTI Consulting's revenue for the quarter was up 15.1% compared to the same quarter last year.

FTI Consulting Trading Down 1.8 %

Shares of NYSE:FCN traded down $3.88 during trading on Friday, reaching $211.43. The company's stock had a trading volume of 388,098 shares, compared to its average volume of 205,381. The firm's 50 day simple moving average is $207.20 and its two-hundred day simple moving average is $205.27. FTI Consulting has a 12 month low of $167.39 and a 12 month high of $232.15. The stock has a market capitalization of $7.54 billion, a PE ratio of 27.57 and a beta of 0.11.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on FCN shares. StockNews.com cut FTI Consulting from a "buy" rating to a "hold" rating in a report on Friday. William Blair reaffirmed an "outperform" rating on shares of FTI Consulting in a research note on Friday. Finally, Truist Financial increased their target price on FTI Consulting from $240.00 to $255.00 and gave the company a "buy" rating in a research report on Friday, February 23rd.

Insiders Place Their Bets

In related news, Director Brenda J. Bacon purchased 1,120 shares of the firm's stock in a transaction that occurred on Friday, February 23rd. The shares were bought at an average price of $222.96 per share, for a total transaction of $249,715.20. Following the acquisition, the director now owns 15,292 shares of the company's stock, valued at approximately $3,409,504.32. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Brenda J. Bacon purchased 1,120 shares of the business's stock in a transaction that occurred on Friday, February 23rd. The shares were bought at an average cost of $222.96 per share, for a total transaction of $249,715.20. Following the acquisition, the director now owns 15,292 shares of the company's stock, valued at approximately $3,409,504.32. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Claudio Costamagna sold 7,059 shares of the stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $209.13, for a total transaction of $1,476,248.67. Following the completion of the sale, the director now directly owns 32,860 shares in the company, valued at $6,872,011.80. The disclosure for this sale can be found here. Insiders have sold 36,715 shares of company stock valued at $7,617,513 over the last ninety days. 3.34% of the stock is owned by insiders.

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.