FTI Consulting (FCN) to Release Quarterly Earnings on Thursday

FTI Consulting (NYSE:FCN) is set to issue its quarterly earnings data before the market opens on Thursday, October 24th. Analysts expect the company to announce earnings of $2.06 per share for the quarter. FTI Consulting has set its FY24 guidance at $8.10-8.60 EPS and its FY 2024 guidance at 8.100-8.600 EPS.Parties that wish to register for the company’s conference call can do so using this link.

FTI Consulting (NYSE:FCN) last announced its quarterly earnings results on Thursday, July 25th. The business services provider reported $2.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.02 by $0.32. FTI Consulting had a return on equity of 16.34% and a net margin of 8.90%. The company had revenue of $949.16 million during the quarter, compared to the consensus estimate of $938.67 million. During the same period in the previous year, the company posted $1.75 earnings per share. FTI Consulting’s revenue for the quarter was up 9.8% 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 Trading Up 1.3 %

Shares of NYSE:FCN opened at $229.64 on Wednesday. FTI Consulting has a 12-month low of $181.25 and a 12-month high of $243.60. The company has a market capitalization of $8.20 billion, a PE ratio of 26.70 and a beta of 0.10. The business has a 50 day moving average of $224.43 and a two-hundred day moving average of $219.34. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.03.

Analyst Upgrades and Downgrades

FCN has been the subject of a number of analyst reports. William Blair reissued an “outperform” rating on shares of FTI Consulting in a report on Tuesday, June 25th. Truist Financial upped their target price on FTI Consulting from $255.00 to $275.00 and gave the stock a “buy” rating in a research note on Wednesday, September 25th. Finally, StockNews.com raised FTI Consulting from a “hold” rating to a “buy” rating in a research note on Thursday, July 25th.

Insider Transactions at FTI Consulting

In related news, Director Mark S. Bartlett sold 2,000 shares of the stock in a transaction on Friday, July 26th. The stock was sold at an average price of $227.12, for a total value of $454,240.00. Following the completion of the transaction, the director now directly owns 26,099 shares of the company’s stock, valued at approximately $5,927,604.88. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.51% 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.