FTI Consulting (NYSE:FCN) Posts Quarterly Earnings Results, Beats Expectations By $0.47 EPS

FTI Consulting (NYSE:FCN) issued its quarterly earnings data on Thursday. The business services provider reported $2.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.76 by $0.47, Briefing.com reports. FTI Consulting had a return on equity of 15.97% and a net margin of 8.51%. The company had revenue of $928.60 million during the quarter, compared to the consensus estimate of $901.77 million. During the same period last year, the company earned $1.34 earnings per share. The firm’s revenue was up 15.1% compared to the same quarter last year.

FTI Consulting Stock Down 1.8 %

Shares of FCN traded down $3.95 on Friday, reaching $211.36. The company’s stock had a trading volume of 388,099 shares, compared to its average volume of 155,664. FTI Consulting has a twelve month low of $167.39 and a twelve month high of $232.15. The stock has a market capitalization of $7.53 billion, a PE ratio of 24.58 and a beta of 0.11. The company has a current ratio of 2.46, a quick ratio of 1.74 and a debt-to-equity ratio of 0.10. The firm has a fifty day moving average of $207.58 and a 200-day moving average of $205.41.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on FCN shares. StockNews.com lowered shares of FTI Consulting from a “buy” rating to a “hold” rating in a report on Friday. William Blair restated an “outperform” rating on shares of FTI Consulting in a research report on Friday. Finally, Truist Financial lifted their target price on FTI Consulting from $240.00 to $255.00 and gave the stock a “buy” rating in a report on Friday, February 23rd.

Insider Activity at FTI Consulting

In related news, insider Paul Alderman Linton sold 27,000 shares of the firm’s stock in a transaction dated 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 transaction 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 purchased 1,120 shares of FTI Consulting stock in a transaction that occurred on Friday, February 23rd. The stock was bought 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 owns 15,292 shares in the company, valued at $3,409,504.32. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Paul Alderman Linton sold 27,000 shares of FTI Consulting stock in a transaction dated Thursday, March 7th. The stock was 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 directly 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 over the last 90 days. Insiders own 3.34% 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.