FTI Consulting (NYSE:FCN) Updates FY 2025 Earnings Guidance

FTI Consulting (NYSE:FCN) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided earnings per share guidance of 7.800-8.400 for the period, compared to the consensus earnings per share estimate of 8.067. The company issued revenue guidance of $3.7 billion-$3.8 billion, compared to the consensus revenue estimate of $3.7 billion.

FTI Consulting Stock Up 1.2%

FCN opened at $167.16 on Thursday. FTI Consulting has a 12 month low of $151.75 and a 12 month high of $243.60. The stock has a market capitalization of $5.73 billion, a P/E ratio of 22.87 and a beta of 0.19. The business has a 50 day simple moving average of $163.79 and a 200-day simple moving average of $170.43. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.24 and a quick ratio of 2.24.

FTI Consulting (NYSE:FCN) last issued its quarterly earnings data on Thursday, July 24th. The business services provider reported $2.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.24. FTI Consulting had a return on equity of 13.07% and a net margin of 7.14%. The business’s revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.34 earnings per share. On average, equities analysts anticipate that FTI Consulting will post 8.55 earnings per share for the current fiscal year.

FTI Consulting announced that its board has initiated a share buyback plan on Thursday, April 24th that permits the company to buyback $400.00 million in shares. This buyback authorization permits the business services provider to reacquire up to 6.9% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several research firms recently commented on FCN. William Blair reiterated an “outperform” rating on shares of FTI Consulting in a research note on Friday, April 25th. Truist Financial cut FTI Consulting from a “buy” rating to a “hold” rating and dropped their price target for the stock from $225.00 to $178.00 in a research report on Wednesday, April 2nd. Finally, Wall Street Zen cut FTI Consulting from a “buy” rating to a “hold” rating in a research report on Thursday, April 3rd.

Insider Transactions at FTI Consulting

In related news, CFO Ajay Sabherwal sold 5,236 shares of the stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $164.60, for a total value of $861,845.60. Following the completion of the transaction, the chief financial officer directly owned 24,777 shares of the company’s stock, valued at $4,078,294.20. This represents a 17.45% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.79% of the stock is owned by company insiders.

Institutional Investors Weigh In On FTI Consulting

Institutional investors and hedge funds have recently modified their holdings of the stock. Millennium Management LLC acquired a new position in FTI Consulting during the first quarter worth $15,802,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in FTI Consulting by 9.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 131,716 shares of the business services provider’s stock valued at $21,612,000 after acquiring an additional 10,980 shares during the period. Royal Bank of Canada increased its stake in FTI Consulting by 7.4% during the first quarter. Royal Bank of Canada now owns 41,795 shares of the business services provider’s stock valued at $6,860,000 after acquiring an additional 2,889 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in FTI Consulting during the first quarter valued at about $33,000. Finally, Integrated Wealth Concepts LLC increased its stake in FTI Consulting by 4.9% during the first quarter. Integrated Wealth Concepts LLC now owns 2,221 shares of the business services provider’s stock valued at $364,000 after acquiring an additional 103 shares during the period. Institutional investors and hedge funds own 99.36% of the company’s stock.

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.