FTI Consulting (NYSE:FCN) Updates FY24 Earnings Guidance

FTI Consulting (NYSE:FCN) updated its FY24 earnings guidance on Thursday. The company provided earnings per share guidance of $7.90-$8.35 for the period, compared to the consensus earnings per share estimate of $8.53. The company issued revenue guidance of $3.70-$3.75 billion, compared to the consensus revenue estimate of $3.76 billion. FTI Consulting also updated its FY 2024 guidance to 7.900-8.350 EPS.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Truist Financial increased their price target on FTI Consulting from $255.00 to $275.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th. StockNews.com raised FTI Consulting from a “hold” rating to a “buy” rating in a report on Thursday, July 25th.

FTI Consulting Stock Performance

Shares of NYSE FCN opened at $229.51 on Thursday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.20 and a quick ratio of 2.20. The stock’s fifty day moving average price is $224.60 and its two-hundred day moving average price is $219.42. FTI Consulting has a one year low of $181.25 and a one year high of $243.60. The firm has a market cap of $8.19 billion, a price-to-earnings ratio of 26.69 and a beta of 0.10.

FTI Consulting (NYSE:FCN) last released its earnings results on Thursday, October 24th. The business services provider reported $1.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.06 by ($0.21). The company had revenue of $926.00 million for the quarter, compared to analyst estimates of $946.16 million. FTI Consulting had a return on equity of 16.34% and a net margin of 8.90%. The business’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period last year, the company posted $2.34 earnings per share. On average, equities analysts forecast that FTI Consulting will post 8.48 EPS for the current year.

Insider Buying and Selling

In related news, Director Mark S. Bartlett sold 2,000 shares of the company’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $227.12, for a total transaction of $454,240.00. Following the completion of the sale, the director now directly owns 26,099 shares in the company, valued at $5,927,604.88. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.51% of the stock is owned by corporate 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.