FTI Consulting (NYSE:FCN – Get Free Report) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided earnings per share guidance of 7.900-8.350 for the period, compared to the consensus earnings per share estimate of 8.470. The company issued revenue guidance of $3.7 billion-$3.8 billion, compared to the consensus revenue estimate of $3.8 billion. FTI Consulting also updated its FY24 guidance to $7.90-$8.35 EPS.
Analyst Ratings Changes
Several brokerages have recently weighed in on FCN. StockNews.com upgraded FTI Consulting from a “hold” rating to a “buy” rating in a research report on Thursday, July 25th. Truist Financial increased their price target on shares of FTI Consulting from $255.00 to $275.00 and gave the stock a “buy” rating in a report on Wednesday, September 25th.
View Our Latest Analysis on FTI Consulting
FTI Consulting Price Performance
FTI Consulting (NYSE:FCN – Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The business services provider reported $1.85 earnings per share for the quarter, missing the consensus estimate of $2.06 by ($0.21). FTI Consulting had a return on equity of 16.34% and a net margin of 8.90%. The company had revenue of $926.00 million during the quarter, compared to the consensus estimate of $946.16 million. During the same quarter last year, the company posted $2.34 earnings per share. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. On average, research analysts anticipate that FTI Consulting will post 8.48 earnings per share for the current fiscal year.
Insider Transactions at FTI Consulting
In other FTI Consulting news, Director Mark S. Bartlett sold 2,000 shares of the firm’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $227.12, for a total transaction of $454,240.00. Following the sale, the director now owns 26,099 shares in the company, valued at $5,927,604.88. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.51% of the stock is currently 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.
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