FTI Consulting (NYSE:FCN) Releases Quarterly Earnings Results, Beats Expectations By $0.47 EPS

FTI Consulting (NYSE:FCN) posted its earnings results on Thursday. The business services provider reported $2.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.76 by $0.47, Briefing.com reports. FTI Consulting had a return on equity of 14.94% and a net margin of 7.88%. The company had revenue of $928.60 million for the quarter, compared to the consensus estimate of $901.77 million. During the same quarter in the prior year, the company earned $1.34 earnings per share. FTI Consulting’s revenue was up 15.1% on a year-over-year basis.

FTI Consulting Stock Performance

Shares of NYSE FCN traded down $3.95 during trading on Friday, hitting $211.36. The company had a trading volume of 388,099 shares, compared to its average volume of 204,989. The stock has a 50 day simple moving average of $207.20 and a 200 day simple moving average of $205.27. FTI Consulting has a 12 month low of $167.39 and a 12 month high of $232.15. The firm has a market capitalization of $7.53 billion, a P/E ratio of 27.57 and a beta of 0.11.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on FCN. Truist Financial increased their target price on FTI Consulting from $240.00 to $255.00 and gave the company a “buy” rating in a report on Friday, February 23rd. StockNews.com downgraded FTI Consulting from a “buy” rating to a “hold” rating in a research note on Friday. Finally, William Blair reaffirmed an “outperform” rating on shares of FTI Consulting in a research note on Friday.

Insider Transactions at FTI Consulting

In related news, insider Paul Alderman Linton sold 27,000 shares of FTI Consulting stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $206.10, for a total transaction of $5,564,700.00. Following the sale, the insider now owns 44,284 shares of the company’s stock, valued at approximately $9,126,932.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Paul Alderman Linton sold 27,000 shares of FTI Consulting stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $206.10, for a total transaction of $5,564,700.00. Following the sale, the insider now owns 44,284 shares of the company’s stock, valued at approximately $9,126,932.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Brenda J. Bacon bought 1,120 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The shares were acquired at an average cost of $222.96 per share, for a total transaction of $249,715.20. Following the purchase, the director now directly owns 15,292 shares in the company, valued at approximately $3,409,504.32. The disclosure for this purchase can be found here. Insiders have sold 36,715 shares of company stock valued at $7,617,513 over the last quarter. 3.34% of the stock is currently owned by company 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.