FTI Consulting (NYSE:FCN) Updates FY24 Earnings Guidance

FTI Consulting (NYSE:FCN - Get Free Report) issued an update on its FY24 earnings guidance on Thursday morning. The company provided EPS guidance of $7.90-$8.35 for the period, compared to the consensus EPS estimate of $8.53. The company issued revenue guidance of $3.70-$3.75 billion, compared to the consensus revenue estimate of $3.76 billion. FTI Consulting also updated its FY 2024 guidance to 7.900-8.350 EPS.

Analysts Set New Price Targets

FCN has been the topic of several recent research reports. Truist Financial upped their price objective on shares of FTI Consulting from $255.00 to $275.00 and gave the company a "buy" rating in a report on Wednesday, September 25th. StockNews.com raised shares of FTI Consulting from a "hold" rating to a "buy" rating in a report on Thursday, July 25th.

FTI Consulting Price Performance

NYSE FCN traded down $27.96 on Thursday, hitting $201.54. The company had a trading volume of 858,113 shares, compared to its average volume of 171,133. 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 company's fifty day moving average price is $224.60 and its 200-day moving average price is $219.42. The company has a market capitalization of $7.19 billion, a PE ratio of 23.27 and a beta of 0.10. FTI Consulting has a 12-month low of $182.67 and a 12-month high of $243.60.

FTI Consulting (NYSE:FCN - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The business services provider reported $1.85 EPS for the quarter, missing the consensus estimate of $2.06 by ($0.21). The firm had revenue of $926.00 million for the quarter, compared to analysts' expectations of $946.16 million. FTI Consulting had a return on equity of 16.34% and a net margin of 8.90%. FTI Consulting's quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter last year, the firm posted $2.34 earnings per share. As a group, analysts predict that FTI Consulting will post 8.48 earnings per share for the current year.

Insider Transactions at FTI Consulting

In other FTI Consulting news, Director Mark S. Bartlett sold 2,000 shares of the firm's stock in a transaction on Friday, July 26th. The stock was sold at an average price of $227.12, for a total value of $454,240.00. Following the completion of the sale, the director now directly owns 26,099 shares of the company's stock, valued at $5,927,604.88. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.51% 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.