FTI Consulting (FCN) to Release Earnings on Thursday

FTI Consulting (NYSE:FCN - Get Free Report) will post its quarterly earnings results before the market opens on Thursday, April 25th. Analysts expect FTI Consulting to post earnings of $1.76 per share for the quarter. FTI Consulting has set its FY 2024 guidance at 7.750-8.500 EPS and its FY24 guidance at $7.75-8.50 EPS.Individual that wish to register for the company's earnings conference call can do so using this link.

FTI Consulting (NYSE:FCN - Get Free Report) last posted its quarterly earnings data on Thursday, February 22nd. The business services provider reported $2.28 EPS for the quarter, topping analysts' consensus estimates of $1.57 by $0.71. FTI Consulting had a net margin of 7.88% and a return on equity of 14.94%. The company had revenue of $924.68 million during the quarter, compared to the consensus estimate of $840.40 million. During the same period in the prior year, the business posted $1.52 EPS. The company's quarterly revenue was up 19.4% on a year-over-year basis. On average, analysts expect FTI Consulting to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

FTI Consulting Stock Performance

NYSE:FCN traded up $3.01 during mid-day trading on Thursday, hitting $207.48. The stock had a trading volume of 120,356 shares, compared to its average volume of 197,770. FTI Consulting has a twelve month low of $167.39 and a twelve month high of $232.15. The stock has a market cap of $7.37 billion, a price-to-earnings ratio of 26.91 and a beta of 0.11. The company's 50 day simple moving average is $205.02 and its 200 day simple moving average is $204.26.

Insider Buying and Selling at FTI Consulting

In other news, insider Paul Alderman Linton sold 27,000 shares of the firm's stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $206.10, for a total transaction of $5,564,700.00. Following the transaction, the insider now directly owns 44,284 shares of the company's stock, valued at $9,126,932.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Brenda J. Bacon bought 1,120 shares of the business's stock in a transaction on Friday, February 23rd. The shares were purchased at an average price of $222.96 per share, for a total transaction of $249,715.20. Following the completion of the transaction, the director now directly 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 SEC, which is accessible through the SEC website. Also, insider Paul Alderman Linton sold 27,000 shares of the firm's stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $206.10, for a total transaction of $5,564,700.00. Following the completion of the sale, the insider now owns 44,284 shares in the company, valued at approximately $9,126,932.40. The disclosure for this sale can be found here. Insiders have sold a total of 36,715 shares of company stock valued at $7,617,513 in the last three months. 3.34% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On FTI Consulting

A number of hedge funds have recently modified their holdings of the business. Ancora Advisors LLC bought a new stake in FTI Consulting in the first quarter valued at $32,000. Point72 Hong Kong Ltd bought a new stake in FTI Consulting in the fourth quarter valued at $41,000. Clearstead Advisors LLC bought a new stake in FTI Consulting in the third quarter valued at $46,000. First Capital Advisors Group LLC. bought a new stake in FTI Consulting in the second quarter valued at $74,000. Finally, Covestor Ltd increased its stake in FTI Consulting by 96.0% in the first quarter. Covestor Ltd now owns 584 shares of the business services provider's stock valued at $92,000 after purchasing an additional 286 shares in the last quarter. Institutional investors and hedge funds own 99.36% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. StockNews.com downgraded shares of FTI Consulting from a "buy" rating to a "hold" rating in a research note on Thursday. Truist Financial raised their target price on shares of FTI Consulting from $240.00 to $255.00 and gave the company a "buy" rating in a research note on Friday, February 23rd.

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.