FTI Consulting, Inc. (NYSE:FCN) – Analysts at William Blair lowered their Q3 2018 earnings per share (EPS) estimates for FTI Consulting in a research report issued to clients and investors on Thursday. William Blair analyst T. Mchugh now forecasts that the business services provider will post earnings per share of $0.59 for the quarter, down from their previous forecast of $0.63. William Blair also issued estimates for FTI Consulting’s Q4 2018 earnings at $0.51 EPS, FY2018 earnings at $2.50 EPS, Q1 2019 earnings at $0.75 EPS, Q2 2019 earnings at $0.75 EPS, Q3 2019 earnings at $0.68 EPS, Q4 2019 earnings at $0.60 EPS and FY2019 earnings at $2.78 EPS.
FTI Consulting (NYSE:FCN) last posted its quarterly earnings data on Thursday, February 22nd. The business services provider reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.28. FTI Consulting had a net margin of 5.97% and a return on equity of 7.80%. The company had revenue of $467.71 million for the quarter, compared to the consensus estimate of $450.52 million. During the same quarter in the previous year, the firm posted $0.24 EPS. The business’s revenue was up 5.8% compared to the same quarter last year.
FCN has been the topic of several other research reports. Zacks Investment Research upgraded shares of FTI Consulting from a “hold” rating to a “strong-buy” rating and set a $49.00 price objective on the stock in a report on Monday, October 30th. ValuEngine upgraded shares of FTI Consulting from a “hold” rating to a “buy” rating in a report on Friday. One analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $45.50.
FTI Consulting (NYSE FCN) opened at $48.26 on Friday. FTI Consulting has a twelve month low of $31.65 and a twelve month high of $49.41. The company has a current ratio of 1.94, a quick ratio of 2.15 and a debt-to-equity ratio of 0.33. The stock has a market cap of $1,759.19, a PE ratio of 16.99 and a beta of 0.36.
Several large investors have recently bought and sold shares of the company. State Street Corp increased its holdings in shares of FTI Consulting by 3.5% during the 2nd quarter. State Street Corp now owns 1,349,945 shares of the business services provider’s stock worth $47,192,000 after purchasing an additional 45,366 shares during the period. Boston Partners increased its stake in FTI Consulting by 21.3% in the fourth quarter. Boston Partners now owns 675,935 shares of the business services provider’s stock valued at $29,038,000 after acquiring an additional 118,774 shares during the period. Thompson Siegel & Walmsley LLC increased its stake in FTI Consulting by 8.1% in the third quarter. Thompson Siegel & Walmsley LLC now owns 578,890 shares of the business services provider’s stock valued at $20,539,000 after acquiring an additional 43,256 shares during the period. Brandes Investment Partners LP increased its stake in FTI Consulting by 47.9% in the third quarter. Brandes Investment Partners LP now owns 406,475 shares of the business services provider’s stock valued at $15,514,000 after acquiring an additional 131,685 shares during the period. Finally, Lazard Asset Management LLC increased its stake in FTI Consulting by 3.7% in the fourth quarter. Lazard Asset Management LLC now owns 347,919 shares of the business services provider’s stock valued at $14,946,000 after acquiring an additional 12,355 shares during the period. Institutional investors own 93.45% of the company’s stock.
FTI Consulting announced that its board has authorized a share buyback plan on Monday, December 4th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the business services provider to buy shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.
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FTI Consulting Company Profile
FTI Consulting, Inc is a business advisory company. The Company operates through five segments: Corporate Finance & Restructuring, Forensic and Litigation Consulting, Economic Consulting, Technology and Strategic Communications. The Company provides advice and services, such as restructuring (including bankruptcy), capital formation and indebtedness, interim business management, performance improvements, forensic accounting and litigation matters, international arbitrations, mergers and acquisitions (M&A), antitrust and competition matters, securities litigation, electronic discovery (or e-discovery), management and retrieval of electronically stored information (ESI), reputation management and strategic communications.
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