Zacks: Analysts Expect FTI Consulting, Inc. (FCN) Will Announce Quarterly Sales of $463.34 Million
Equities research analysts forecast that FTI Consulting, Inc. (NYSE:FCN) will post sales of $463.34 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for FTI Consulting’s earnings. The highest sales estimate is $465.77 million and the lowest is $460.90 million. FTI Consulting posted sales of $444.72 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 4.2%. The business is expected to announce its next quarterly earnings report on Thursday, July 26th.
According to Zacks, analysts expect that FTI Consulting will report full-year sales of $1.88 billion for the current financial year. For the next year, analysts forecast that the company will post sales of $1.93 billion per share, with estimates ranging from $1.92 billion to $1.93 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover FTI Consulting.
FTI Consulting (NYSE:FCN) last posted its quarterly earnings data on Thursday, April 26th. The business services provider reported $1.04 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.42. The company had revenue of $497.77 million during the quarter, compared to analyst estimates of $456.68 million. FTI Consulting had a return on equity of 9.85% and a net margin of 7.15%. The firm’s quarterly revenue was up 11.5% on a year-over-year basis. During the same quarter last year, the company earned $0.34 earnings per share.
In related news, Director Brenda J. Bacon sold 15,966 shares of FTI Consulting stock in a transaction on Monday, June 4th. The stock was sold at an average price of $62.94, for a total transaction of $1,004,900.04. Following the completion of the sale, the director now owns 38,189 shares of the company’s stock, valued at $2,403,615.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.19% of the stock is currently owned by company insiders.
Hedge funds have recently modified their holdings of the business. Kemnay Advisory Services Inc. bought a new stake in FTI Consulting during the fourth quarter worth about $994,000. California Public Employees Retirement System lifted its stake in FTI Consulting by 5.1% during the fourth quarter. California Public Employees Retirement System now owns 128,768 shares of the business services provider’s stock worth $5,532,000 after purchasing an additional 6,233 shares during the last quarter. Allianz Asset Management GmbH lifted its stake in FTI Consulting by 109.0% during the fourth quarter. Allianz Asset Management GmbH now owns 176,680 shares of the business services provider’s stock worth $7,591,000 after purchasing an additional 92,151 shares during the last quarter. Alliancebernstein L.P. lifted its stake in FTI Consulting by 58.2% during the fourth quarter. Alliancebernstein L.P. now owns 95,516 shares of the business services provider’s stock worth $4,103,000 after purchasing an additional 35,140 shares during the last quarter. Finally, Teacher Retirement System of Texas bought a new stake in FTI Consulting during the fourth quarter worth about $582,000. 95.67% of the stock is owned by hedge funds and other institutional investors.
NYSE:FCN traded up $1.00 during trading hours on Monday, hitting $63.49. 235,920 shares of the company’s stock traded hands, compared to its average volume of 301,719. The firm has a market capitalization of $2.40 billion, a price-to-earnings ratio of 27.23 and a beta of 0.17. FTI Consulting has a 52 week low of $31.65 and a 52 week high of $65.14. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.38 and a current ratio of 2.38.
About FTI Consulting
FTI Consulting, Inc provides business advisory services to manage change, mitigate risk, and resolve disputes worldwide. The company's Corporate Finance & Restructuring segment provides turnaround and restructuring, business transformation, interim management, valuation and financial advisory, transaction, dispute advisory, and tax services, as well as mergers and acquisitions (M&A), and M&A integration services.
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