FTI Consulting (NYSE:FCN) Posts Earnings Results, Misses Estimates By $0.21 EPS

FTI Consulting (NYSE:FCN - Get Free Report) announced its quarterly earnings data on Thursday. The business services provider reported $1.85 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.06 by ($0.21), Briefing.com reports. FTI Consulting had a net margin of 8.90% and a return on equity of 16.34%. The company had revenue of $926.00 million for the quarter, compared to analysts' expectations of $946.16 million. During the same period last year, the business earned $2.34 earnings per share. The company's quarterly revenue was up 3.7% compared to the same quarter last year. FTI Consulting updated its FY 2024 guidance to 7.900-8.350 EPS and its FY24 guidance to $7.90-$8.35 EPS.

FTI Consulting Price Performance

Shares of FTI Consulting stock traded down $28.12 during trading hours on Thursday, reaching $201.38. The company's stock had a trading volume of 858,089 shares, compared to its average volume of 171,133. The firm has a 50 day moving average price of $224.60 and a 200-day moving average price of $219.42. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.20 and a quick ratio of 2.20. The stock has a market cap of $7.19 billion, a P/E ratio of 23.27 and a beta of 0.10. FTI Consulting has a one year low of $182.67 and a one year high of $243.60.

Insider Activity at FTI Consulting

In other FTI Consulting news, Director Mark S. Bartlett sold 2,000 shares of the business's stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $227.12, for a total transaction of $454,240.00. Following the sale, the director now directly owns 26,099 shares of the company's stock, valued at $5,927,604.88. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 2.51% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on FCN. Truist Financial lifted their target price on FTI Consulting from $255.00 to $275.00 and gave the stock a "buy" rating in a report on Wednesday, September 25th. StockNews.com raised FTI Consulting from a "hold" rating to a "buy" rating in a research note on Thursday, July 25th.

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.