FTI Consulting (NYSE:FCN) Hits New 12-Month Low - Here's Why

Key Points

• FTI Consulting shares fell to a new 52-week low of $137.21, trading about 3.8% lower and below both its 50-day and 200-day moving averages.
• The company’s latest results were mixed: quarterly EPS of $2.16 slightly missed estimates, while revenue reached $993.46 million and rose 5.3% year over year. Analysts maintain a consensus “Hold” rating with a $174.50 price target.
• FTI Consulting authorized a $370 million share-buyback program, covering up to 7.9% of outstanding shares, while institutional investors own 99.36% of the stock.

FTI Consulting, Inc. (NYSE:FCN - Get Free Report) shares reached a new 52-week low during trading on Tuesday . The company traded as low as $137.21 and last traded at $137.2710, with a volume of 25419 shares trading hands. The stock had previously closed at $140.74.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered shares of FTI Consulting from a "hold (c)" rating to a "hold (c-)" rating in a research note on Wednesday, July 8th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $174.50.

FTI Consulting Trading Down 3.8%

The stock's 50-day simple moving average is $153.85 and its two-hundred day simple moving average is $160.13. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.03 and a quick ratio of 2.03. The firm has a market capitalization of $3.74 billion, a P/E ratio of 16.39 and a beta of -0.05.

FTI Consulting (NYSE:FCN - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The business services provider reported $2.16 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.17 by ($0.01). FTI Consulting had a net margin of 6.44% and a return on equity of 15.91%. The company had revenue of $993.46 million during the quarter, compared to the consensus estimate of $992.75 million. During the same quarter in the prior year, the firm posted $2.13 earnings per share. The business's revenue was up 5.3% on a year-over-year basis. FTI Consulting has set its FY 2026 guidance at 8.700-9.300 EPS. Equities research analysts expect that FTI Consulting, Inc. will post 9.25 EPS for the current year.

FTI Consulting declared that its board has approved a share buyback program on Friday, June 5th that authorizes the company to repurchase $370.00 million in outstanding shares. This repurchase authorization authorizes the business services provider to purchase up to 7.9% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's management believes its stock is undervalued.

Institutional Investors Weigh In On FTI Consulting

Several hedge funds have recently made changes to their positions in the company. Black Creek Investment Management Inc. grew its holdings in shares of FTI Consulting by 60.0% during the fourth quarter. Black Creek Investment Management Inc. now owns 1,072,250 shares of the business services provider's stock worth $183,172,000 after buying an additional 402,008 shares in the last quarter. Diamond Hill Capital Management LLC Investment Advisor acquired a new position in FTI Consulting during the second quarter worth about $28,307,000. Legal & General Group Plc acquired a new position in FTI Consulting during the second quarter worth about $6,417,000. Marks Group Wealth Management Inc grew its stake in FTI Consulting by 59.5% during the 1st quarter. Marks Group Wealth Management Inc now owns 37,144 shares of the business services provider's stock valued at $6,566,000 after acquiring an additional 13,856 shares in the last quarter. Finally, WINTON GROUP Ltd purchased a new stake in FTI Consulting during the 4th quarter valued at about $7,530,000. 99.36% of the stock is currently owned by hedge funds and other institutional investors.

FTI Consulting Company Profile

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