FTI Consulting (NYSE:FCN) Issues FY24 Earnings Guidance

FTI Consulting (NYSE:FCN) issued an update on its FY24 earnings guidance on Thursday morning. The company provided earnings per share guidance of $7.90-$8.35 for the period, compared to the consensus earnings per share 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.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on FCN shares. StockNews.com raised FTI Consulting from a “hold” rating to a “buy” rating in a research note on Thursday, July 25th. Truist Financial lifted their price target on shares of FTI Consulting from $255.00 to $275.00 and gave the company a “buy” rating in a research report on Wednesday, September 25th.

FTI Consulting Stock Performance

Shares of NYSE:FCN traded down $27.96 during midday trading on Thursday, hitting $201.54. The company’s stock 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 quick ratio of 2.20 and a current ratio of 2.20. The stock’s 50 day simple moving average is $224.17 and its 200 day simple moving average is $219.29. The stock has a market capitalization of $7.19 billion, a price-to-earnings ratio of 23.43 and a beta of 0.10. FTI Consulting has a fifty-two week low of $182.67 and a fifty-two week high of $243.60.

FTI Consulting (NYSE:FCN) last released its earnings results on Thursday, October 24th. The business services provider reported $1.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.06 by ($0.21). The business had revenue of $926.00 million during the quarter, compared to analyst estimates of $946.16 million. FTI Consulting had a net margin of 8.90% and a return on equity of 16.34%. The business’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period last year, the business earned $2.34 EPS. As a group, research analysts anticipate that FTI Consulting will post 8.48 earnings per share for the current year.

Insider Transactions at FTI Consulting

In other news, Director Mark S. Bartlett sold 2,000 shares of the business’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $227.12, for a total transaction of $454,240.00. Following the transaction, the director now owns 26,099 shares in the company, valued at approximately $5,927,604.88. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.51% of the stock is currently owned by corporate insiders.

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.