FTI Consulting (NYSE:FCN) Releases 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, beating the consensus estimate of $1.76 by $0.47, Briefing.com reports. FTI Consulting had a net margin of 7.88% and a return on equity of 14.94%. The company had revenue of $928.60 million during the quarter, compared to the consensus estimate of $901.77 million. During the same quarter last year, the company earned $1.34 earnings per share. FTI Consulting’s revenue for the quarter was up 15.1% on a year-over-year basis.

FTI Consulting Stock Down 1.8 %

NYSE:FCN traded down $3.95 during trading hours on Friday, reaching $211.36. 388,099 shares of the stock were exchanged, compared to its average volume of 204,535. The stock has a market capitalization of $7.53 billion, a P/E ratio of 27.57 and a beta of 0.11. FTI Consulting has a 52 week low of $167.39 and a 52 week high of $232.15. The firm has a 50 day simple moving average of $207.20 and a 200-day simple moving average of $205.27.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in 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 reaffirmed an “outperform” rating on shares of FTI Consulting in a research report on Friday. Finally, Truist Financial increased their price target on FTI Consulting from $240.00 to $255.00 and gave the company a “buy” rating in a report on Friday, February 23rd.

Insider Buying and Selling

In other FTI Consulting news, Director Brenda J. Bacon purchased 1,120 shares of FTI Consulting stock in a transaction dated Friday, February 23rd. The shares were bought at an average cost of $222.96 per share, for a total transaction of $249,715.20. Following the transaction, the director now owns 15,292 shares in the company, valued at approximately $3,409,504.32. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Director Brenda J. Bacon purchased 1,120 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The shares were acquired at an average price of $222.96 per share, with a total value of $249,715.20. Following the acquisition, the director now owns 15,292 shares in the company, valued at approximately $3,409,504.32. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, General Counsel Curtis P. Lu sold 2,656 shares of the company’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $217.08, for a total value of $576,564.48. Following the transaction, the general counsel now owns 29,190 shares of the company’s stock, valued at $6,336,565.20. The disclosure for this sale can be found here. Insiders have sold 36,715 shares of company stock worth $7,617,513 over the last ninety days. 3.34% of the stock is owned by insiders.

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.