FTI Consulting (NYSE:FCN) Announces Quarterly Earnings Results, Beats Estimates By $0.67 EPS

FTI Consulting (NYSE:FCN) issued its earnings results on Thursday. The business services provider reported $2.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.93 by $0.67, Zacks reports. The business had revenue of $956.17 million for the quarter, compared to analyst estimates of $941.19 million. FTI Consulting had a net margin of 7.20% and a return on equity of 14.49%. FTI Consulting’s revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.85 earnings per share. FTI Consulting updated its FY 2025 guidance to 8.200-8.70 EPS.

FTI Consulting Stock Performance

Shares of FCN stock opened at $157.64 on Friday. The firm has a 50-day moving average of $162.45 and a 200-day moving average of $163.97. The company has a market cap of $5.10 billion, a P/E ratio of 20.08 and a beta of 0.16. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.85 and a quick ratio of 2.11. FTI Consulting has a one year low of $149.31 and a one year high of $209.13.

Analyst Upgrades and Downgrades

FCN has been the topic of several research analyst reports. Weiss Ratings reissued a “hold (c-)” rating on shares of FTI Consulting in a research note on Wednesday, October 8th. Truist Financial lowered their price objective on shares of FTI Consulting from $178.00 to $165.00 and set a “hold” rating on the stock in a report on Thursday. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $169.00.

Institutional Trading of FTI Consulting

Several institutional investors and hedge funds have recently made changes to their positions in FCN. Invesco Ltd. increased its holdings in FTI Consulting by 435.9% during the second quarter. Invesco Ltd. now owns 303,750 shares of the business services provider’s stock worth $49,056,000 after buying an additional 247,066 shares during the last quarter. Bank of America Corp DE increased its holdings in FTI Consulting by 103.0% during the second quarter. Bank of America Corp DE now owns 195,129 shares of the business services provider’s stock worth $31,513,000 after buying an additional 98,989 shares during the last quarter. Millennium Management LLC purchased a new stake in FTI Consulting during the first quarter worth about $15,802,000. Qube Research & Technologies Ltd increased its holdings in FTI Consulting by 31.5% during the second quarter. Qube Research & Technologies Ltd now owns 152,628 shares of the business services provider’s stock worth $24,649,000 after buying an additional 36,578 shares during the last quarter. Finally, Squarepoint Ops LLC increased its holdings in FTI Consulting by 1,039.6% during the second quarter. Squarepoint Ops LLC now owns 31,602 shares of the business services provider’s stock worth $5,104,000 after buying an additional 28,829 shares during the last quarter. Hedge funds and other institutional investors own 99.36% of the company’s stock.

FTI Consulting declared that its board has authorized a stock buyback program on Tuesday, October 21st that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the business services provider to reacquire up to 9.9% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.

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.